Uruguay: Market for Sheep And Goat Meat 2024

Market Size for Sheep And Goat Meat in Uruguay

In 2022, the Uruguayan sheep and goat meat market decreased by X% to $X for the first time since 2017, thus ending a four-year rising trend. In general, consumption enjoyed resilient growth. Over the period under review, the market attained the peak level at $X in 2021, and then shrank dramatically in the following year.

Production of Sheep And Goat Meat in Uruguay

In value terms, sheep and goat meat production expanded notably to $X in 2022 estimated in export price. Over the period under review, the total production indicated a slight expansion from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

The average yield of sheep and goat meat in Uruguay rose notably to X kg per head in 2022, picking up by X% against the previous year. Over the period under review, the yield indicated a resilient increase from 2012 to 2022: its figure 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, sheep and goat meat yield decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the yield increased by X%. The sheep and goat meat yield peaked at X kg per head in 2020; however, from 2021 to 2022, the yield failed to regain momentum.

In 2022, number of animals slaughtered for sheep and goat meat production in Uruguay declined to X heads, which is down by X% against 2021. Overall, the number of producing animals showed a noticeable reduction. The pace of growth was the most pronounced in 2021 when the number of producing animals increased by X%. The number of animals slaughtered for sheep and goat meat production peaked at X heads in 2012; however, from 2013 to 2022, producing animals stood at a somewhat lower figure.

Exports of Sheep And Goat Meat

Exports from Uruguay

In 2022, overseas shipments of sheep and goat meat increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports showed a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sheep and goat meat exports soared to $X in 2022. In general, exports posted notable growth. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for sheep and goat meat exports from Uruguay, accounting for a X% share of total exports. Moreover, sheep and goat meat exports to China exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), fivefold. The third position in this ranking was held by Brazil (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Brazil (X% per year).

In value terms, the largest markets for sheep and goat meat exported from Uruguay were China ($X), Brazil ($X) and Canada ($X), with a combined X% share of total exports. The United Arab Emirates, the United States, Kuwait, Oman, Jordan, Germany and Russia lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Oman, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sheep and goat meat export price stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the export price showed a abrupt decline. The growth pace was the most rapid in 2015 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

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

Imports of Sheep And Goat Meat

Imports into Uruguay

In 2022, purchases abroad of sheep and goat meat was finally on the rise to reach X kg after two years of decline. Overall, imports, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, sheep and goat meat imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2019 when imports increased by X%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Germany (X kg) constituted the largest sheep and goat meat supplier to Uruguay, accounting for a X% share of total imports. Moreover, sheep and goat meat imports from Germany exceeded the figures recorded by the second-largest supplier, Brazil (X kg), sevenfold.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to X%.

In value terms, Germany ($X) and Brazil ($X) constituted the largest sheep and goat meat suppliers to Uruguay.

In terms of the main suppliers, Germany, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2022, the average sheep and goat meat import price amounted to $X per ton, declining by X% against the previous year. Overall, the import price, however, showed prominent growth. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. The import price peaked at $X per ton in 2021, and then declined rapidly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Germany amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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