Uruguay: Vegetable Market 2024

Vegetable Market Size in Uruguay

The Uruguayan vegetable market contracted to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Vegetable consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Vegetable Production in Uruguay

In value terms, vegetable production declined modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

The average yield of vegetables in Uruguay reduced modestly to X tons per ha in 2022, waning by X% on 2021 figures. Overall, the yield, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The vegetable yield peaked at X tons per ha in 2021, and then contracted 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 vegetables were harvested in Uruguay; remaining constant against the previous year. Over the period under review, the harvested area saw a slight contraction. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The vegetable harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Vegetable Exports

Exports from Uruguay

In 2022, approx. X tons of vegetables were exported from Uruguay; shrinking by X% on 2021 figures. In general, exports saw a abrupt slump. The pace of growth was the most pronounced in 2016 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, vegetable exports shrank significantly to $X in 2022. Over the period under review, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X tons) was the main destination for vegetable exports from Uruguay, accounting for a X% share of total exports. Moreover, vegetable exports to Italy exceeded the volume sent to the second major destination, the UK (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy amounted to X%.

In value terms, the largest markets for vegetable exported from Uruguay were the UK ($X) and Italy ($X).

In terms of the main countries of destination, Italy, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average vegetable export price stood at $X per ton in 2022, jumping by X% against the previous year. In general, export price indicated a temperate increase from 2012 to 2022: its price 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, vegetable export price increased by X% against 2019 indices. 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 UK ($X per ton), while the average price for exports to Italy totaled $X per ton.

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

Vegetable Imports

Imports into Uruguay

In 2022, approx. X tons of vegetables were imported into Uruguay; shrinking by X% on 2021. In general, imports, however, showed a resilient increase. The growth pace was the most rapid in 2013 when imports increased by X%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, vegetable imports dropped to $X in 2022. Over the period under review, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Argentina (X tons), Brazil (X tons) and the Netherlands (X tons) were the main suppliers of vegetable imports to Uruguay, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Argentina ($X) and the Netherlands ($X) were the largest vegetable suppliers to Uruguay, with a combined X% share of total imports.

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average vegetable import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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