Report Update Nov 1, 2024

Uruguay - Refined Olive Oil - Market Analysis, Forecast, Size, Trends and Insights

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Uruguay: Refined Olive Oil Market 2024

Refined Olive Oil Market Size in Uruguay

The Uruguayan refined olive oil market dropped to $X in 2022, which is down by -5.8% against the previous year. In general, consumption showed a noticeable decline. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Refined Olive Oil Production in Uruguay

In value terms, refined olive oil production shrank to $X in 2022 estimated in export price. Over the period under review, production recorded a pronounced reduction. The most prominent rate of growth was recorded in 2015 with an increase of 30% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Refined Olive Oil Exports

Exports from Uruguay

Refined olive oil exports from Uruguay declined remarkably to X kg in 2022, which is down by -91.6% compared with 2021. Overall, exports recorded a dramatic shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 802%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, refined olive oil exports declined sharply to $X in 2022. In general, exports recorded a deep downturn. The pace of growth was the most pronounced in 2021 when exports increased by 504% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil (X kg) was the main destination for refined olive oil exports from Uruguay, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Brazil stood at -86.7%.

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

From 2012 to 2022, the average annual rate of growth in terms of value to Brazil stood at -87.4%.

Export Prices by Country

In 2022, the average refined olive oil export price amounted to $X per ton, picking up by 7.9% against the previous year. Overall, the export price continues to indicate a resilient increase. The pace of growth was the most pronounced in 2014 an increase of 180%. The export price peaked in 2022 and is likely to continue growth in years to come.

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 Canada amounted to +33.8% per year.

Refined Olive Oil Imports

Imports into Uruguay

Refined olive oil imports into Uruguay dropped dramatically to X tons in 2022, with a decrease of -32.2% on 2021 figures. In general, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2015 with an increase of 63%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, refined olive oil imports shrank dramatically to $X in 2022. Over the period under review, imports showed a drastic downturn. The pace of growth was the most pronounced in 2015 when imports increased by 63% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Spain (X tons) was the main refined olive oil supplier to Uruguay, with a approx. 99.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain amounted to -9.7%.

In value terms, Spain ($X) constituted the largest supplier of refined olive oil to Uruguay.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain stood at -7.1%.

Import Prices by Country

In 2022, the average refined olive oil import price amounted to $X per ton, surging by 5.6% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 28%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Spain.

From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to +2.8% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined olive oil in the world?

China remains the largest refined olive oil consuming country worldwide, comprising approx. 16% of total volume. Moreover, refined olive oil consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 6.1% share.

What are the largest producers of refined olive oil in the world?

The countries with the highest volumes of in 2021 were China, Spain and India, together accounting for 32% of global production. These countries were followed by the United States, Japan, Italy, Russia, Pakistan, Nigeria, Germany, Indonesia, Brazil and Bangladesh, which together accounted for a further 28%.

What are the leading suppliers of refined olive oil to Uruguay?

In value terms, Spain, Argentina and Chile were the largest refined olive oil suppliers to Uruguay, together accounting for 90% of total imports.

What are the leading importers of refined olive oil from Uruguay?

In value terms, the UK $447) remains the key foreign market for refined olive oil exports from Uruguay, comprising 70% of total exports. The second position in the ranking was occupied by Spain $112), with an 18% share of total exports.

What is the average export price for refined olive oil in Uruguay?

The average refined olive oil export price stood at $4,356 per ton in 2021, dropping by -11.5% against the previous year.

What is the average import price for refined olive oil in Uruguay?

The average refined olive oil import price stood at $4,551 per ton in 2021, increasing by 5.4% against the previous year.

This report provides an in-depth analysis of the refined olive 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:

Prodcom 10415310 - Refined olive oil and its fractions (excluding chemically modified)

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