Report Update Nov 1, 2024

Uruguay - Palm Oil - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Uruguay: Palm Oil Market 2024

Palm Oil Market Size in Uruguay

In 2022, the Uruguayan palm oil market increased by 64% to $X, rising for the third consecutive year after two years of decline. In general, consumption posted a resilient expansion. Palm oil consumption peaked in 2022 and is expected to retain growth in the near future.

Palm Oil Exports

Exports from Uruguay

In 2022, after three years of growth, there was significant decline in shipments abroad of palm oil, when their volume decreased by -96.1% to X tons. Overall, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 739%. The exports peaked at X tons in 2021, and then dropped remarkably in the following year.

In value terms, palm oil exports fell significantly to $X in 2022. Over the period under review, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2014 when exports increased by 870% against the previous year. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil (X tons) was the main destination for palm oil exports from Uruguay, accounting for a approx. 99.9% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Brazil totaled -6.9%.

In value terms, Brazil ($X) also remains the key foreign market for palm oil exports from Uruguay.

From 2012 to 2022, the average annual rate of growth in terms of value to Brazil totaled -14.5%.

Export Prices by Country

In 2022, the average palm oil export price amounted to $X per ton, reducing by -5.5% against the previous year. Over the period under review, the export price saw a drastic downturn. The growth pace was the most rapid in 2014 when the average export price increased by 16% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Brazil.

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to -8.2% per year.

Palm Oil Imports

Imports into Uruguay

In 2022, purchases abroad of palm oil increased by 22% to X tons, rising for the third year in a row after two years of decline. Overall, imports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2017 with an increase of 93% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, palm oil imports skyrocketed to $X in 2022. Over the period under review, imports showed a strong increase. The pace of growth appeared the most rapid in 2017 when imports increased by 76% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Denmark (X tons) constituted the largest palm oil supplier to Uruguay, with a 54% share of total imports. Moreover, palm oil imports from Denmark exceeded the figures recorded by the second-largest supplier, Brazil (X tons), twofold. Indonesia (X tons) ranked third in terms of total imports with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Denmark amounted to +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+127.6% per year) and Indonesia (+7.4% per year).

In value terms, Denmark ($X) constituted the largest supplier of palm oil to Uruguay, comprising 56% of total imports. The second position in the ranking was taken by Brazil ($X), with a 21% share of total imports. It was followed by Indonesia, with a 19% share.

From 2012 to 2022, the average annual growth rate of value from Denmark amounted to +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+194.2% per year) and Indonesia (+12.8% per year).

Import Prices by Country

The average palm oil import price stood at $X per ton in 2022, jumping by 32% against the previous year. Overall, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, palm oil import price increased by +90.2% against 2014 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Malaysia ($X per ton) and Indonesia ($X per ton), while the price for Brazil ($X per ton) and Denmark ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+29.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for palm oil in the world?

The country with the largest volume of palm oil consumption was Indonesia, comprising approx. 25% of total volume. Moreover, palm oil consumption in Indonesia exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by Malaysia, with an 8.2% share.

What are the largest producers of palm oil in the world?

Indonesia constituted the country with the largest volume of palm oil production, accounting for 56% of total volume. Moreover, palm oil production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia, twofold. The third position in this ranking was occupied by Thailand, with a 4% share.

What are the leading suppliers of palm oil to Uruguay?

In value terms, Denmark, Indonesia and Malaysia constituted the largest palm oil suppliers to Uruguay, with a combined 95% share of total imports. These countries were followed by Brazil and Singapore, which together accounted for a further 3.7%.

What are the leading importers of palm oil from Uruguay?

In value terms, Brazil remains the key foreign market for palm oil exports from Uruguay.

What is the average export price for palm oil in Uruguay?

In 2020, the average palm oil export price amounted to $1,937 per ton, with an increase of 38% against the previous year.

What is the average import price for palm oil in Uruguay?

In 2020, the average palm oil import price amounted to $1,362 per ton, picking up by 6.6% against the previous year.

This report provides an in-depth analysis of the palm oil market in Uruguay. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 257 - Oil of palm

Country coverage:

Uruguay

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Uruguay
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023