Uruguay: Sausage Market 2024

Sausage Market Size in Uruguay

In 2021, after six years of growth, there was significant decline in the Uruguayan sausage market, when its value decreased by -6.7% to $X. In general, consumption, however, saw buoyant growth. Sausage consumption peaked at $X in 2020, and then shrank in the following year.

Sausage Production in Uruguay

In value terms, sausage production declined to $X in 2021 estimated in export price. In general, production, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 77% against the previous year. Sausage production peaked at $X in 2020, and then declined in the following year.

Sausage Exports

Exports from Uruguay

For the fourth year in a row, Uruguay recorded growth in shipments abroad of sausages and similar products of meat, which increased by 113% to X tons in 2021. In general, exports enjoyed a significant expansion. The growth pace was the most rapid in 2014 with an increase of 2,674%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, sausage exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2014 when exports increased by 5,967% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Nigeria (X tons) was the main destination for sausage exports from Uruguay, accounting for a 93% share of total exports. Moreover, sausage exports to Nigeria exceeded the volume sent to the second major destination, the UK (X kg), sixfold. The third position in this ranking was held by Angola (X kg), with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Nigeria was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+106.3% per year) and Angola (+4.6% per year).

In value terms, Nigeria ($X) emerged as the key foreign market for sausages and similar products of meat exports from Uruguay, comprising 52% of total exports. The second position in the ranking was held by Estonia ($X), with a 15% share of total exports. It was followed by the UK, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Nigeria was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (0.0% per year) and the UK (+97.4% per year).

Export Prices by Country

The average sausage export price stood at $X per ton in 2021, rising by 1.8% against the previous year. Overall, the export price showed moderate growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 119%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (+44.5%), while the prices for the other major destinations experienced mixed trend patterns.

Sausage Imports

Imports into Uruguay

In 2021, approx. X tons of sausages and similar products of meat were imported into Uruguay; declining by -58.9% on the year before. Over the period under review, imports continue to indicate a deep contraction. The growth pace was the most rapid in 2019 with an increase of 295%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, sausage imports fell significantly to $X in 2021. In general, imports recorded a abrupt decline. The pace of growth appeared the most rapid in 2019 with an increase of 377%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

The United States (X tons), Brazil (X tons) and Italy (X tons) were the main suppliers of sausage imports to Uruguay, together accounting for 87% of total imports. These countries were followed by Spain, the Netherlands and Germany, which together accounted for a further 11%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +35.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) constituted the largest supplier of sausages and similar products of meat to Uruguay, comprising 51% of total imports. The second position in the ranking was held by Spain ($X), with a 17% share of total imports. It was followed by Italy, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-0.9% per year) and Italy (-12.8% per year).

Import Prices by Country

In 2021, the average sausage import price amounted to $X per ton, picking up by 12% against the previous year. Over the last nine years, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 34%. The import price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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