Uruguay: Root And Tuber Market 2024

Root And Tuber Market Size in Uruguay

In 2022, after two years of growth, there was decline in the Uruguayan root and tuber market, when its value decreased by X% to $X. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Root And Tuber Production in Uruguay

In value terms, root and tuber production totaled $X in 2022 estimated in export price. In general, production, however, showed mild growth. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

In 2022, the average root and tuber yield in Uruguay dropped to X tons per ha, with a decrease of X% against 2021 figures. In general, the yield showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. The root and tuber yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of roots and tubers were harvested in Uruguay; remaining stable against the previous year. Overall, the harvested area showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the harvested area increased by X%. The root and tuber harvested area peaked at X ha in 2017; however, from 2018 to 2022, the harvested area remained at a lower figure.

Root And Tuber Exports

Exports from Uruguay

In 2022, shipments abroad of roots and tubers decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a sharp setback. The growth pace was the most rapid in 2016 when exports increased by X%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, root and tuber exports skyrocketed to $X in 2022. In general, exports faced a abrupt decline. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X tons) was the main destination for root and tuber exports from Uruguay, accounting for a X% share of total exports. Moreover, root and tuber exports to the UK exceeded the volume sent to the second major destination, Canada (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK totaled X%.

In value terms, the UK ($X) remains the key foreign market for roots and tubers exports from Uruguay, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the UK totaled X%.

Export Prices by Country

The average root and tuber export price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, root and tuber export price increased by X% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Canada stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Root And Tuber Imports

Imports into Uruguay

In 2022, the amount of roots and tubers imported into Uruguay contracted sharply to X tons, which is down by X% compared with 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, root and tuber imports fell rapidly to $X in 2022. Overall, imports, however, recorded a pronounced increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), Brazil (X tons) and France (X tons) were the main suppliers of root and tuber imports to Uruguay, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), France ($X) and Brazil ($X) appeared to be the largest root and tuber suppliers to Uruguay, with a combined X% share of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of X%, 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 more modest paces of growth.

Import Prices by Country

The average root and tuber import price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, root and tuber import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton, and then reduced in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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