Report Update Nov 1, 2024

Uruguay - Vegetable Products - Market Analysis, Forecast, Size, Trends and Insights

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Uruguay: Vegetable Product Market 2024

Vegetable Product Market Size in Uruguay

The Uruguayan vegetable product market reduced to $X in 2022, falling by -6.1% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Vegetable Product Production in Uruguay

In value terms, vegetable product production declined to $X in 2022 estimated in export price. Overall, production recorded a slight decrease. The most prominent rate of growth was recorded in 2013 with an increase of 47%. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

The average yield of vegetable products in Uruguay dropped to X tons per ha in 2022, with a decrease of -5.9% on 2021 figures. The yield figure increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the yield increased by 16%. The vegetable product yield peaked at X tons per ha in 2021, and then declined in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of vegetable products were harvested in Uruguay; standing approx. at 2021 figures. Over the period under review, the harvested area, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the harvested area increased by 18%. As a result, the harvested area attained the peak level of X ha. From 2015 to 2022, the growth of the vegetable product harvested area remained at a lower figure.

Vegetable Product Exports

Exports from Uruguay

In 2022, overseas shipments of vegetable products increased by 22% to X tons, rising for the fourth consecutive year after two years of decline. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 965%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, vegetable product exports reduced to $X in 2022. Overall, exports posted a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of 1,336%. Over the period under review, the exports hit record highs at $X in 2021, and then dropped slightly in the following year.

Exports by Country

Paraguay (X tons) was the main destination for vegetable product exports from Uruguay, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Paraguay stood at +29.8%.

In value terms, Paraguay ($X) also remains the key foreign market for vegetable products exports from Uruguay.

From 2012 to 2022, the average annual rate of growth in terms of value to Paraguay totaled +26.5%.

Export Prices by Country

The average vegetable product export price stood at $X per ton in 2022, waning by -18.2% against the previous year. Over the period under review, the export price continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2013 when the average export price increased by 47%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Paraguay.

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to +2,395.2% per year.

Vegetable Product Imports

Imports into Uruguay

In 2022, overseas purchases of vegetable products decreased by -47.4% to X tons, falling for the second year in a row after two years of growth. In general, imports showed a sharp contraction. The growth pace was the most rapid in 2017 when imports increased by 95%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, vegetable product imports shrank rapidly to $X in 2022. Over the period under review, imports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2014 with an increase of 90%. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) was the main supplier of vegetable product to Uruguay, accounting for a approx. 98% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -2.7%.

In value terms, China ($X) constituted the largest supplier of vegetable products to Uruguay.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled -3.3%.

Import Prices by Country

In 2022, the average vegetable product import price amounted to $X per ton, surging by 13% against the previous year. In general, the import price posted a prominent increase. The pace of growth appeared the most rapid in 2015 when the average import price increased by 150%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for Algeria amounted to +31.0% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for vegetable products in the world?

The countries with the highest volumes of in 2021 were Brazil, India and China, with a combined 65% share of global consumption. These countries were followed by Thailand, Pakistan, Mexico, Australia, the United States and Indonesia, which together accounted for a further 17%.

What are the largest producers of vegetable products in the world?

The countries with the highest volumes of in 2021 were Brazil, India and China, with a combined 65% share of global production. These countries were followed by Thailand, Pakistan, Mexico, Australia, the United States and Indonesia, which together accounted for a further 17%.

What are the leading suppliers of vegetable products to Uruguay?

In value terms, the largest vegetable product suppliers to Uruguay were China, Pakistan and Spain, together comprising 82% of total imports. The United States lagged somewhat behind, accounting for a further 12%.

What are the leading importers of vegetable products from Uruguay?

In value terms, Paraguay remains the key foreign market for vegetable product exports from Uruguay, comprising 96% of total exports. The second position in the ranking was occupied by Germany $860), with a 2.9% share of total exports.

What is the average export price for vegetable products in Uruguay?

In 2021, the average vegetable product export price amounted to $8,446 per ton, increasing by 66% against the previous year.

What is the average import price for vegetable products in Uruguay?

In 2021, the average vegetable product import price amounted to $9,236 per ton, with an increase of 48% against the previous year.

This report provides an in-depth analysis of the vegetable product 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 156 - Sugar cane
FCL 161 - Sugar crops nes
FCL 459 - Chicory roots
FCL 460 - Vegetable products, fresh or dry nes
FCL 461 - Carobs

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:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

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
How to outsource production to other countries
How to prepare your business for global expansion

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