Uruguay: Mixes And Doughs Market 2024

Mixes And Doughs Market Size in Uruguay

For the sixth consecutive year, the Uruguayan mixes and doughs market recorded decline in sales value, which decreased by -3.7% to $X in 2022. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Mixes And Doughs Production in Uruguay

In value terms, mixes and doughs production dropped modestly to $X in 2022 estimated in export price. In general, the total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +0.2% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of 61% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Mixes And Doughs Exports

Exports from Uruguay

In 2022, shipments abroad of mixes and doughs increased by 18% to X tons, rising for the seventh consecutive year after three years of decline. Over the period under review, exports posted pronounced growth. The pace of growth was the most pronounced in 2019 when exports increased by 38% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, mixes and doughs exports surged to $X in 2022. In general, exports posted a tangible expansion. The growth pace was the most rapid in 2021 when exports increased by 31%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.

Exports by Country

The United States (X tons) was the main destination for mixes and doughs exports from Uruguay, with a 42% share of total exports. Moreover, mixes and doughs exports to the United States exceeded the volume sent to the second major destination, Chile (X tons), twofold. The third position in this ranking was taken by Mexico (X tons), with a 20% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+19.6% per year) and Mexico (+88.4% per year).

In value terms, the United States ($X), Chile ($X) and Mexico ($X) appeared to be the largest markets for mixes and doughs exported from Uruguay worldwide, together accounting for 83% of total exports.

Mexico, with a CAGR of +91.7%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average mixes and doughs export price amounted to $X per ton, surging by 9.4% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 23%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Mixes And Doughs Imports

Imports into Uruguay

In 2022, approx. X tons of mixes and doughs were imported into Uruguay; with an increase of 13% on 2021. In general, imports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 256% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, mixes and doughs imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed mild growth. The pace of growth appeared the most rapid in 2019 with an increase of 119%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Argentina (X tons) constituted the largest supplier of mixes and doughs to Uruguay, with a 71% share of total imports. Moreover, mixes and doughs imports from Argentina exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Argentina stood at -10.2%.

In value terms, Argentina ($X) constituted the largest supplier of mixes and doughs to Uruguay, comprising 67% of total imports. The second position in the ranking was held by Brazil ($X), with a 31% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Argentina totaled -2.0%.

Import Prices by Country

In 2022, the average mixes and doughs import price amounted to $X per ton, with an increase of 20% against the previous year. Over the period under review, the import price recorded strong growth. The pace of growth appeared the most rapid in 2016 an increase of 74% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Argentina stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+9.1%).

Source: IndexBox Platform

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