Uruguay: Mixed Juices Market 2024

Mixed Juices Market Size in Uruguay

The Uruguayan mixed juices market was estimated at $X in 2022, growing by 7.2% against the previous year. In general, consumption, however, showed a noticeable shrinkage. Mixed juices consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Mixed Juices Production in Uruguay

In value terms, mixed juices production totaled $X in 2022 estimated in export price. Over the period under review, production, however, showed a pronounced reduction. The pace of growth appeared the most rapid in 2017 with an increase of 48%. Mixed juices production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Mixed Juices Exports

Exports from Uruguay

In 2022, overseas shipments of mixtures of fruit and vegetable juices decreased by -4.5% to X tons, falling for the eighth consecutive year after three years of growth. Over the period under review, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2013 with an increase of 268%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, mixed juices exports reached $X in 2022. Overall, exports continue to indicate a pronounced descent. The pace of growth was the most pronounced in 2013 with an increase of 137% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

France (X kg) was the main destination for mixed juices exports from Uruguay, accounting for a 41% share of total exports. Moreover, mixed juices exports to France exceeded the volume sent to the second major destination, Chile (X kg), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-17.7% per year) and the Netherlands (+2.0% per year).

In value terms, France ($X) emerged as the key foreign market for mixtures of fruit and vegetable juices exports from Uruguay, comprising 39% of total exports. The second position in the ranking was taken by Chile ($X), with an 8.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-18.9% per year) and the Netherlands (-14.2% per year).

Export Prices by Country

The average mixed juices export price stood at $X per ton in 2022, increasing by 5.7% against the previous year. Overall, the export price showed a strong increase. The most prominent rate of growth was recorded in 2014 an increase of 50%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to France ($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 Paraguay (+7.0%), while the prices for the other major destinations experienced a decline.

Mixed Juices Imports

Imports into Uruguay

In 2022, supplies from abroad of mixtures of fruit and vegetable juices increased by 10% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 165%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, mixed juices imports shrank to $X in 2022. Over the period under review, imports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2013 when imports increased by 20%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Argentina (X tons) constituted the largest supplier of mixed juices to Uruguay, accounting for a 84% share of total imports. Moreover, mixed juices imports from Argentina exceeded the figures recorded by the second-largest supplier, Chile (X tons), eightfold. Paraguay (X tons) ranked third in terms of total imports with a 4.2% share.

From 2012 to 2022, the average annual growth rate of volume from Argentina stood at +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (0.0% per year) and Paraguay (-8.3% per year).

In value terms, Argentina ($X), Chile ($X) and Paraguay ($X) were the largest mixed juices suppliers to Uruguay, together accounting for 99% of total imports.

Chile, with a CAGR of 0.0%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average mixed juices import price amounted to $X per ton, waning by -10.5% against the previous year. Over the period under review, the import price saw a deep contraction. The pace of growth was the most pronounced in 2018 when the average import price increased by 34%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+3.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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