Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Uruguay - 2023

Contents:

1. Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Uruguay (CIF) - 2023
2. Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Uruguay (FOB) - 2023
3. Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Uruguay
4. Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Uruguay

Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Uruguay (CIF) - 2023

The average import price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid stood at $1,698 per ton in December 2023, surging by 10% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.4%. The pace of growth was the most pronounced in June 2023 an increase of 15% month-to-month. The import price peaked at $1,765 per ton in October 2023; however, from November 2023 to December 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Chile ($1,892 per ton), while the price for Argentina ($1,255 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Argentina (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Uruguay (FOB) - 2023

The average export price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid stood at $751 per ton in December 2023, reducing by -17% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 an increase of 22% against the previous month. As a result, the export price attained the peak level of $923 per ton. From August 2023 to December 2023, the the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In December 2023, the country with the highest price was Paraguay ($775 per ton), while the average price for exports to Chile totaled $616 per ton.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+0.2%).

Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Uruguay

In 2022, approx. 11K tons of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid were imported into Uruguay; picking up by 6.5% on the previous year's figure. The total import volume increased at an average annual rate of +1.8% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid soared to $16M in 2022. In general, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.9% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid to Uruguay in 2022:

1. Chile (7.0K tons)
2. Argentina (2.1K tons)
3. Italy (0.9K tons)
4. Peru (0.8K tons)
5. Spain (0.2K tons)
6. Brazil (0.1K tons)

Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Uruguay

In 2022, overseas shipments of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid decreased by -5% to 551 tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +3.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 19%. As a result, the exports attained the peak of 591 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid rose to $389K in 2022. Overall, exports recorded a pronounced contraction.

Top Export Markets for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid from Uruguay in 2022:

1. Paraguay (468.2 tons)
2. Chile (81.2 tons)

Source: IndexBox Market Intelligence Platform