Uruguay: Market for Processed cheese (excluding grated or powdered) 2021

Market Size for Processed cheese (excluding grated or powdered) in Uruguay

In 2020, the Uruguayan market for processed cheese (excluding grated or powdered) decreased by -X% to $X, falling for the second consecutive year after two years of growth. In general, consumption saw a mild setback. The growth pace was the most rapid in 2017 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs at $X in 2007; however, from 2008 to 2020, consumption failed to regain the momentum.

Production of Processed cheese (excluding grated or powdered) in Uruguay

In value terms, production of processed cheese (excluding grated or powdered) amounted to $X in 2020 estimated in export prices. In general, the total production indicated a measured increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Production peaked at $X in 2014; however, from 2015 to 2020, production stood at a somewhat lower figure.

Exports of Processed cheese (excluding grated or powdered)

Exports from Uruguay

Exports of processed cheese (excluding grated or powdered) from Uruguay stood at X tons in 2020, picking up by X% against 2019 figures. Overall, exports recorded a prominent expansion. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, exports attained the maximum in 2020 and are expected to retain growth in the immediate term.

In value terms, exports of processed cheese (excluding grated or powdered) rose to $X in 2020. In general, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. Over the period under review, exports reached the peak figure in 2020 and are likely to see steady growth in years to come.

Exports by Country

Brazil (X tons), Russia (X tons) and Chile (X tons) were the main destinations of exports of processed cheese (excluding grated or powdered) from Uruguay, with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Brazil ($X) and Chile ($X) appeared to be the largest markets for processed cheese (excluding grated or powdered) exported from Uruguay worldwide, with a combined X% share of total exports.

Russia (+X% per year) saw the highest growth rate of the value of exports, among 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 2020, the average export price for processed cheese (excluding grated or powdered) amounted to $X per ton, stabilizing at the previous year. Overall, the export price, however, saw a slight descent. The pace of growth appeared the most rapid in 2011 an increase of X% year-to-year. As a result, export price attained the peak level of $X per ton. From 2012 to 2020, the growth in terms of the average export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Argentina ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Chile, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Processed cheese (excluding grated or powdered)

Imports into Uruguay

In 2020, approx. X tons of processed cheese (excluding grated or powdered) were imported into Uruguay; falling by -X% on 2019 figures. In general, imports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. Imports peaked at X tons in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

In value terms, imports of processed cheese (excluding grated or powdered) fell markedly to $X in 2020. Over the period under review, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2016 when imports increased by X% y-o-y. Imports peaked at $X in 2008; however, from 2009 to 2020, imports failed to regain the momentum.

Imports by Country

Spain (X tons), Brazil (X tons) and Switzerland (X tons) were the main suppliers of imports of processed cheese (excluding grated or powdered) to Uruguay, with a combined X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain, while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of processed cheese (excluding grated or powdered) to Uruguay, comprising X% of total imports. The second position in the ranking was occupied by Brazil ($X), with a X% share of total imports. It was followed by Switzerland, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Spain stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-X% per year) and Switzerland (X% per year).

Import Prices by Country

The average import price for processed cheese (excluding grated or powdered) stood at $X per ton in 2020, rising by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2010 an increase of X% y-o-y. Over the period under review, average import prices hit record highs in 2020 and is expected to retain growth in years to come.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Brazil, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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