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Report Uruguay - Refined Sunflower-Seed and Safflower Oil - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Uruguay - Refined Sunflower-Seed and Safflower Oil - Market Analysis, Forecast, Size, Trends and Insights

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Uruguay: Market for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified 2024

Market Size for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in Uruguay

The Uruguayan market for sunflower-seed or safflower oil, refined, but not chemically modified declined slightly to $X in 2021, approximately equating the previous year. In general, consumption continues to indicate a perceptible decline. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in Uruguay

In value terms, production of sunflower-seed or safflower oil, refined, but not chemically modified totaled $X in 2021 estimated in export price. Overall, production showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of 22%. Production of peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified

Exports from Uruguay

In 2021, shipments abroad of sunflower-seed or safflower oil, refined, but not chemically modified was finally on the rise to reach X tons for the first time since 2012, thus ending a eight-year declining trend. Overall, exports continue to indicate resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of sunflower-seed or safflower oil, refined, but not chemically modified soared to $X in 2021. Over the period under review, exports posted buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Brazil (X tons) was the main destination for exports of sunflower-seed or safflower oil, refined, but not chemically modified from Uruguay, accounting for a 90% share of total exports. Moreover, exports of sunflower-seed or safflower oil, refined, but not chemically modified to Brazil exceeded the volume sent to the second major destination, Mexico (X tons), ninefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Brazil amounted to +97.0%.

In value terms, Brazil ($X) remains the key foreign market for sunflower-seed or safflower oil, refined, but not chemically modified exports from Uruguay, comprising 72% of total exports. The second position in the ranking was taken by Mexico ($X), with a 27% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Brazil amounted to +104.8%.

Export Prices by Country

The average export price for sunflower-seed or safflower oil, refined, but not chemically modified stood at $X per ton in 2021, rising by 53% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Mexico ($X per ton), while the average price for exports to Brazil amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+11.6%).

Imports of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified

Imports into Uruguay

In 2021, supplies from abroad of sunflower-seed or safflower oil, refined, but not chemically modified decreased by -1.6% to X tons, falling for the fourth consecutive year after three years of growth. In general, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of 174%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, imports of sunflower-seed or safflower oil, refined, but not chemically modified skyrocketed to $X in 2021. Over the period under review, imports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2016 when imports increased by 133%. Over the period under review, imports of hit record highs at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Argentina (X tons) was the main sunflower-seed or safflower oil, refined, but not chemically modified supplier to Uruguay, with a 98% share of total imports. It was followed by Brazil (X kg), with less than 0.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Argentina stood at +17.5%.

In value terms, Argentina ($X) constituted the largest supplier of sunflower-seed or safflower oil, refined, but not chemically modified to Uruguay, comprising 98% of total imports. The second position in the ranking was taken by Brazil ($X), with less than 0.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Argentina amounted to +16.2%.

Import Prices by Country

The average import price for sunflower-seed or safflower oil, refined, but not chemically modified stood at $X per ton in 2021, rising by 37% against the previous year. Over the period under review, the import price, however, continues to indicate a slight shrinkage. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Argentina ($X per ton), while the price for Brazil amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (-1.1%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of consumption of sunflower-seed or safflower oil, refined, but not chemically modified in 2021 were China, the United States and India, with a combined 28% share of global consumption. These countries were followed by Japan, Russia, Pakistan, Nigeria, Brazil, Bangladesh, Indonesia, Turkey, Mexico and Ethiopia, which together accounted for a further 27%.
The countries with the highest volumes of production of sunflower-seed or safflower oil, refined, but not chemically modified in 2021 were China, the United States and India, with a combined 28% share of global production. These countries were followed by Russia, Japan, Pakistan, Turkey, Nigeria, Brazil, Indonesia, Bangladesh, Mexico and Spain, which together accounted for a further 28%.
In value terms, Argentina constituted the largest supplier of sunflower-seed or safflower oil, refined, but not chemically modified to Uruguay, comprising 86% of total imports. The second position in the ranking was occupied by Brazil, with a 12% share of total imports.
In value terms, Brazil remains the key foreign market for sunflower-seed or safflower oil, refined, but not chemically modified exports from Uruguay, comprising 69% of total exports. The second position in the ranking was occupied by Mexico, with a 31% share of total exports.
In 2021, the average export price for sunflower-seed or safflower oil, refined, but not chemically modified amounted to $1,356 per ton, growing by 3.9% against the previous year.
In 2021, the average import price for sunflower-seed or safflower oil, refined, but not chemically modified amounted to $1,248 per ton, surging by 8.9% against the previous year.

This report provides an in-depth analysis of the market for sunflower-seed or safflower oil, refined, but not chemically modified 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 10415400 - Refined sunflower-seed and safflower oil and their 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 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

  12. 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

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