Uruguay: Preserved Pork Market 2021

Preserved Pork Market Size in Uruguay

The Uruguayan preserved pork market declined modestly to $X in 2020, almost unchanged from the previous year. Over the period under review, consumption, however, saw a pronounced setback. The pace of growth appeared the most rapid in 2009 with an increase of X% y-o-y. As a result, consumption attained the peak level of $X. from 2010 to 2020, the growth of the market remained at a lower figure.

Preserved Pork Production in Uruguay

In value terms, preserved pork production dropped slightly to $X in 2020 estimated in export prices. Overall, production, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. As a result, production reached the peak level of $X. from 2010 to 2020, production growth failed to regain the momentum.

Preserved Pork Exports

Exports from Uruguay

In 2020, after nine years of growth, there was decline in overseas shipments of pig meat salted (salted, in brine, dried or smoked), when their volume decreased by -X% to X tons. Overall, exports, however, posted a strong increase. The growth pace was the most rapid in 2009 with an increase of X% year-to-year. Exports peaked at X tons in 2019, and then declined in the following year.

In value terms, preserved pork exports expanded significantly to $X in 2020. In general, exports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2009 with an increase of X% y-o-y. Over the period under review, exports reached the maximum in 2020 and are likely to see steady growth in the near future.

Exports by Country

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

From 2007 to 2020, the average annual growth rate of volume to Brazil totaled +X%.

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

From 2007 to 2020, the average annual growth rate of value to Brazil amounted to +X%.

Export Prices by Country

The average preserved pork export price stood at $X per ton in 2020, growing by X% against the previous year. Over the period under review, the export price, however, saw a perceptible shrinkage. The pace of growth was the most pronounced in 2009 when the average export price increased by X% year-to-year. As a result, export price reached the peak level of $X per ton. from 2010 to 2020, the growth in terms of 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 2007 to 2020, the rate of growth in terms of prices for Brazil amounted to -X% per year.

Preserved Pork Imports

Imports into Uruguay

In 2020, overseas purchases of pig meat salted (salted, in brine, dried or smoked) decreased by -X% to X tons, falling for the third consecutive year after two years of growth. Overall, imports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2012 when imports increased by X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

In value terms, preserved pork imports shrank to $X in 2020. Over the period under review, imports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2012 with an increase of X% y-o-y. As a result, imports reached the peak of $X. from 2013 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

Spain (X tons), Brazil (X tons) and Italy (X tons) were the main suppliers of preserved pork imports to Uruguay.

From 2007 to 2020, the biggest increases were in Spain, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved pork suppliers to Uruguay were Spain ($X), Italy ($X) and Brazil ($X), together comprising X% of total imports.

In terms of the main suppliers, Spain saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average preserved pork import price stood at $X per ton in 2020, which is down by -X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the average import price increased by X% y-o-y. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Spain, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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