Report Update Nov 1, 2024

Uruguay - Tea - Market Analysis, Forecast, Size, Trends and Insights

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Uruguay: Tea Market 2024

Tea Market Size in Uruguay

In 2022, the Uruguayan tea market increased by 3.1% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Tea Exports

Exports from Uruguay

In 2022, overseas shipments of tea decreased by -86.7% to X tons, falling for the second consecutive year after four years of growth. Overall, exports saw a deep reduction. The growth pace was the most rapid in 2020 when exports increased by 182%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, tea exports contracted remarkably to $X in 2022. Over the period under review, exports saw a sharp contraction. The pace of growth was the most pronounced in 2014 when exports increased by 70%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Paraguay (X tons) was the main destination for tea exports from Uruguay, with a 67% share of total exports. Moreover, tea exports to Paraguay exceeded the volume sent to the second major destination, Malta (X kg), more than tenfold. The third position in this ranking was held by South Africa (X kg), with a 3.7% share.

From 2012 to 2022, the average annual growth rate of volume to Paraguay stood at -16.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malta (0.0% per year) and South Africa (-11.3% per year).

In value terms, the United States ($X) emerged as the key foreign market for tea exports from Uruguay, comprising 53% of total exports. The second position in the ranking was taken by Paraguay ($X), with a 17% share of total exports. It was followed by Australia, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to -10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-29.0% per year) and Australia (+6.8% per year).

Export Prices by Country

The average tea export price stood at $X per ton in 2022, picking up by 275% against the previous year. Over the period under review, the export price, however, showed a perceptible downturn. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to South Africa ($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 Czech Republic (+70.0%), while the prices for the other major destinations experienced more modest paces of growth.

Tea Imports

Imports into Uruguay

Tea imports into Uruguay reached X tons in 2022, picking up by 2.2% against the previous year's figure. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 17% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, tea imports fell slightly to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 14% against the previous year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Argentina (X tons) constituted the largest tea supplier to Uruguay, accounting for a 51% share of total imports. Moreover, tea imports from Argentina exceeded the figures recorded by the second-largest supplier, Sri Lanka (X tons), threefold. Ecuador (X tons) ranked third in terms of total imports with a 7.3% share.

From 2012 to 2022, the average annual growth rate of volume from Argentina was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (-0.8% per year) and Ecuador (-1.1% per year).

In value terms, Sri Lanka ($X), Argentina ($X) and China ($X) appeared to be the largest tea suppliers to Uruguay, with a combined 56% share of total imports. Ecuador, Chile, the United States and Peru lagged somewhat behind, together comprising a further 15%.

Among the main suppliers, the United States, with a CAGR of +6.0%, recorded 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 tea import price stood at $X per ton in 2022, waning by -3.5% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 14%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tea in the world?

China remains the largest tea consuming country worldwide, accounting for 40% of total volume. Moreover, tea consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by Turkey, with a 4% share.

What are the largest producers of tea in the world?

China remains the largest tea producing country worldwide, accounting for 43% of total volume. Moreover, tea production in China exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was occupied by Kenya, with an 8% share.

What are the leading suppliers of tea to Uruguay?

In value terms, the largest tea suppliers to Uruguay were Argentina, Sri Lanka and Chile, with a combined 68% share of total imports. China, the United States and Ecuador lagged somewhat behind, together comprising a further 13%.

What are the leading importers of tea from Uruguay?

In value terms, the Czech Republic emerged as the key foreign market for tea exports from Uruguay, comprising 76% of total exports. The second position in the ranking was occupied by Paraguay, with a 19% share of total exports.

What is the average export price for tea in Uruguay?

In 2020, the average tea export price amounted to $1,038 per ton, with a decrease of -59.9% against the previous year.

What is the average import price for tea in Uruguay?

The average tea import price stood at $3,955 per ton in 2020, with a decrease of -12.6% against the previous year.

This report provides an in-depth analysis of the tea market 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:

FCL 667 - Tea

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:

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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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
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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. 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. 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. 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. 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. 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. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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
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. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023