Uruguay: Market for Uncooked Pasta (Not Containing Eggs) 2024

Market Size for Uncooked Pasta (Not Containing Eggs) in Uruguay

The Uruguayan market for uncooked pasta (not containing eggs) contracted dramatically to $X in 2021, reducing by -18.8% against the previous year. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Production of Uncooked Pasta (Not Containing Eggs) in Uruguay

In value terms, uncooked pasta (not containing eggs) production reduced rapidly to $X in 2021 estimated in export price. Over the period under review, production recorded a perceptible decrease. The most prominent rate of growth was recorded in 2020 with an increase of 80%. Uncooked pasta (not containing eggs) production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Exports of Uncooked Pasta (Not Containing Eggs)

Exports from Uruguay

In 2021, shipments abroad of uncooked pasta (not containing eggs) decreased by -36.5% to X tons, falling for the eighth year in a row after two years of growth. Over the period under review, exports saw a deep setback. The growth pace was the most rapid in 2013 when exports increased by 12% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, uncooked pasta (not containing eggs) exports dropped markedly to $X in 2021. In general, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2013 when exports increased by 16%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Brazil (X tons) was the main destination for uncooked pasta (not containing eggs) exports from Uruguay, accounting for a 79% share of total exports. Moreover, uncooked pasta (not containing eggs) exports to Brazil exceeded the volume sent to the second major destination, Paraguay (X tons), more than tenfold. Panama (X tons) ranked third in terms of total exports with a 6% share.

From 2012 to 2021, the average annual growth rate of volume to Brazil stood at -13.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-4.8% per year) and Panama (+5.2% per year).

In value terms, Brazil ($X) remains the key foreign market for uncooked pasta (not containing eggs) exports from Uruguay, comprising 77% of total exports. The second position in the ranking was held by Paraguay ($X), with an 8.7% share of total exports. It was followed by Panama, with a 6.7% share.

From 2012 to 2021, the average annual growth rate of value to Brazil amounted to -10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+1.2% per year) and Panama (+7.3% per year).

Export Prices by Country

In 2021, the average export price for uncooked pasta (not containing eggs) amounted to $X per ton, with an increase of 10% against the previous year. Over the last nine years, it increased at an average annual rate of +2.8%. The pace of growth was the most pronounced in 2014 when the average export price increased by 10%. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to see gradual growth in years to come.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Paraguay ($X per ton) and Panama ($X per ton), while the average price for exports to the United States ($X per ton) and Bolivia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Uncooked Pasta (Not Containing Eggs)

Imports into Uruguay

In 2021, purchases abroad of uncooked pasta (not containing eggs) increased by 2.9% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of 66% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, uncooked pasta (not containing eggs) imports stood at $X in 2021. Overall, imports recorded a prominent expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 36%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

Italy (X tons), Argentina (X tons) and Brazil (X tons) were the main suppliers of uncooked pasta (not containing eggs) imports to Uruguay, together accounting for 84% of total imports. Bolivia, Thailand, Turkey, Romania and Egypt lagged somewhat behind, together comprising a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +29.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Argentina ($X) and Brazil ($X) were the largest uncooked pasta (not containing eggs) suppliers to Uruguay, with a combined 80% share of total imports. Thailand, Romania, Bolivia, Turkey and Egypt lagged somewhat behind, together accounting for a further 15%.

Romania, with a CAGR of +32.2%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for uncooked pasta (not containing eggs) stood at $X per ton in 2021, standing approx. at the previous year. Over the period under review, the import price, however, recorded a noticeable descent. The pace of growth was the most pronounced in 2018 an increase of 6.7% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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