Report Update Nov 1, 2024

Uruguay - Quinoa - Market Analysis, Forecast, Size, Trends and Insights

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Uruguay: Quinoa Market 2024

Quinoa Market Size in Uruguay

The Uruguayan quinoa market reduced sharply to $X in 2021, declining by -41.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a significant expansion. Over the period under review, the market reached the maximum level at $X in 2020, and then reduced remarkably in the following year.

Quinoa Exports

Exports from Uruguay

In 2021, the amount of quinoa exported from Uruguay dropped markedly to X kg, falling by -23.4% compared with 2020 figures. Over the period under review, exports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2018 with an increase of 149%. As a result, the exports reached the peak of X kg. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, quinoa exports contracted sharply to $X in 2021. Overall, exports, however, saw a strong increase. The pace of growth appeared the most rapid in 2018 with an increase of 137%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Paraguay (X kg) was the main destination for quinoa exports from Uruguay, with a 93% share of total exports. Moreover, quinoa exports to Paraguay exceeded the volume sent to the second major destination, France (X kg), more than tenfold.

From 2017 to 2021, the average annual growth rate of volume to Paraguay stood at +6.9%.

In value terms, Paraguay ($X) remains the key foreign market for quinoa exports from Uruguay, comprising 89% of total exports. The second position in the ranking was held by France ($X), with a 5.3% share of total exports.

From 2017 to 2021, the average annual growth rate of value to Paraguay totaled +9.3%.

Export Prices by Country

In 2021, the average quinoa export price amounted to $X per ton, with an increase of 4% against the previous year. Over the period from 2017 to 2021, it increased at an average annual rate of +3.2%. The pace of growth appeared the most rapid in 2020 when the average export price increased by 10%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Paraguay totaled $X per ton.

From 2017 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (+2.2%).

Quinoa Imports

Imports into Uruguay

In 2021, approx. X tons of quinoa were imported into Uruguay; with a decrease of -32.3% on 2020 figures. In general, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2013 when imports increased by 295%. Imports peaked at X tons in 2020, and then declined remarkably in the following year.

In value terms, quinoa imports reduced notably to $X in 2021. Overall, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 319%. Imports peaked at $X in 2020, and then declined remarkably in the following year.

Imports by Country

In 2021, Peru (X tons) was the main supplier of quinoa to Uruguay, with a 97% share of total imports. It was followed by Belgium (X kg), with a 0.6% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Peru stood at +37.5%.

In value terms, Peru ($X) constituted the largest supplier of quinoa to Uruguay, comprising 95% of total imports. The second position in the ranking was held by Belgium ($X), with a 0.6% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Peru totaled +32.1%.

Import Prices by Country

The average quinoa import price stood at $X per ton in 2021, falling by -17.4% against the previous year. Overall, the import price saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2019 an increase of 12%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Peru stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-3.0%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for quinoa in the world?

The countries with the highest volumes of quinoa consumption in 2020 were Peru, Bolivia and the U.S., with a combined 68% share of global consumption. These countries were followed by Canada, Germany, France, the UK and Ecuador, which together accounted for a further 14%.

What are the largest producers of quinoa in the world?

The countries with the highest volumes of quinoa production in 2020 were Peru, Bolivia and Ecuador, together accounting for 97% of global production.

What are the leading suppliers of quinoa to Uruguay?

In value terms, Peru constituted the largest supplier of quinoa to Uruguay.

What are the leading importers of quinoa from Uruguay?

In value terms, Paraguay remains the key foreign market for quinoa exports from Uruguay.

What is the average export price for quinoa in Uruguay?

In 2020, the average quinoa export price amounted to $3,966 per ton, which is down by -4.6% against the previous year.

What is the average import price for quinoa in Uruguay?

In 2020, the average quinoa import price amounted to $2,109 per ton, which is down by -6.3% against the previous year.

This report provides an in-depth analysis of the quinoa 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 92 - Quinoa

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. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. 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, HARVESTED AREA AND YIELD
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. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023