Uruguay: Pasta And Couscous Market 2024

Pasta And Couscous Market Size in Uruguay

The Uruguayan pasta and couscous market expanded notably to $X in 2022, increasing by 6.3% against the previous year. In general, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -13.7% against 2017 indices. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Pasta And Couscous Production in Uruguay

In value terms, pasta and couscous production fell slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.8% 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 -19.8% against 2017 indices. The pace of growth appeared the most rapid in 2013 with an increase of 94%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Pasta And Couscous Exports

Exports from Uruguay

In 2022, after three years of growth, there was significant decline in overseas shipments of stuffed pasta and couscous, when their volume decreased by -43.6% to X tons. In general, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of 165% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then plummeted in the following year.

In value terms, pasta and couscous exports fell rapidly to $X in 2022. Over the period under review, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 204% against the previous year. The exports peaked at $X in 2021, and then contracted markedly in the following year.

Exports by Country

Chile (X tons) was the main destination for pasta and couscous exports from Uruguay, with a 62% share of total exports. Moreover, pasta and couscous exports to Chile exceeded the volume sent to the second major destination, Brazil (X tons), twofold. The United States (X tons) ranked third in terms of total exports with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Chile amounted to +63.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+30.9% per year) and the United States (-77.1% per year).

In value terms, Chile ($X), Brazil ($X) and the United States ($X) appeared to be the largest markets for pasta and couscous exported from Uruguay worldwide, together accounting for 99% of total exports.

Chile, with a CAGR of +63.4%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average pasta and couscous export price amounted to $X per ton, increasing by 4.3% against the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pasta and couscous export price decreased by -25.1% against 2019 indices. The pace of growth appeared the most rapid in 2014 when the average export price increased by 50% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Colombia ($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 the United States (+67.8%), while the prices for the other major destinations experienced more modest paces of growth.

Pasta And Couscous Imports

Imports into Uruguay

For the fourth consecutive year, Uruguay recorded growth in purchases abroad of stuffed pasta and couscous, which increased by 40% to X tons in 2022. In general, imports showed a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, pasta and couscous imports skyrocketed to $X in 2022. Over the period under review, imports recorded a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Brazil (X tons) constituted the largest pasta and couscous supplier to Uruguay, accounting for a 71% share of total imports. Moreover, pasta and couscous imports from Brazil exceeded the figures recorded by the second-largest supplier, Argentina (X tons), sixfold. China (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil stood at +36.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-7.7% per year) and China (+12.5% per year).

In value terms, Brazil ($X) constituted the largest supplier of stuffed pasta and couscous to Uruguay, comprising 72% of total imports. The second position in the ranking was taken by Argentina ($X), with a 12% share of total imports. It was followed by China, with an 8.6% share.

From 2012 to 2022, the average annual growth rate of value from Brazil totaled +39.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-7.2% per year) and China (+15.5% per year).

Import Prices by Country

In 2022, the average pasta and couscous import price amounted to $X per ton, growing by 23% against the previous year. In general, the import price showed a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Argentina ($X per ton) and Brazil ($X per ton), while the price for Italy ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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