Starches; Inulin Price in Uruguay - 2022

Starches; Inulin Price in Uruguay (CIF) - 2022

The average starches; inulin import price stood at $659 per ton in 2022, picking up by 30% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($988 per ton), while the price for Argentina ($508 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Starches; Inulin Price in Uruguay (FOB) - 2022

The average starches; inulin export price stood at $2,399 per ton in 2022, increasing by 42% against the previous year. Over the period under review, the export price, however, continues to indicate a slight downturn. The growth pace was the most rapid in 2016 when the average export price increased by 98%. Over the period under review, the average export prices attained the maximum at $2,750 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($3,139 per ton), while the average price for exports to Free Zones amounted to $1,548 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+41.9%), while the prices for the other major destinations experienced mixed trend patterns.

Starches; Inulin Imports in Uruguay

After three years of growth, purchases abroad of starches; inulins decreased by -6.1% to 9.3K tons in 2022. The total import volume increased at an average annual rate of +3.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 with an increase of 14%.

In value terms, starches; inulin imports skyrocketed to $6.2M in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.1% 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 +77.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 31%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Import of Starches; Inulin in Uruguay (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Argentina	1,117	1,278	2,065	2,416	29.3%
Paraguay	881	967	793	1,426	17.4%
Brazil	410	615	763	831	26.6%
Denmark	250	424	504	553	30.3%
Germany	60.8	150	409	523	104.9%
Poland	N/A	N/A	57.4	152	164.8%
Mexico	252	234	192	133	-19.2%
Others	495	165	254	123	-37.1%
Total	3,467	3,833	5,037	6,157	21.1%

Top Suppliers of Starches; Inulin to Uruguay in 2022:

Argentina (4.8K tons)
Paraguay (1.8K tons)
Brazil (1.2K tons)
Denmark (0.6K tons)
Germany (0.6K tons)
Mexico (0.2K tons)
Poland (0.2K tons)

Starches; Inulin Exports in Uruguay

In 2022, starches; inulin exports from Uruguay was estimated at 23 tons, growing by 5.7% against the previous year. In general, exports saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 276% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, starches; inulin exports surged to $54K in 2022. Over the period under review, exports saw a significant expansion. The growth pace was the most rapid in 2021 with an increase of 320%. The exports peaked in 2022 and are expected to retain growth in the near future.