Uruguay: Breakfast Cereal Market 2024

Breakfast Cereal Market Size in Uruguay

The Uruguayan breakfast cereal market declined slightly to $X in 2022, which is down by X% against the previous year. In general, consumption, however, enjoyed a strong expansion. Breakfast cereal consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Breakfast Cereal Production in Uruguay

In value terms, breakfast cereal production fell modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. Breakfast cereal production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Breakfast Cereal Exports

Exports from Uruguay

In 2022, the amount of breakfast cereals exported from Uruguay fell sharply to X tons, which is down by X% on 2021. Overall, exports faced a abrupt contraction. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, breakfast cereal exports declined modestly to $X in 2022. Over the period under review, exports faced a abrupt setback. The pace of growth was the most pronounced in 2013 when exports increased by X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Cuba (X tons), Paraguay (X tons) and Brazil (X tons) were the main destinations of breakfast cereal exports from Uruguay, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Cuba (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Paraguay ($X), Brazil ($X) and Cuba ($X) constituted the largest markets for breakfast cereal exported from Uruguay worldwide, with a combined X% share of total exports.

Cuba, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average breakfast cereal export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 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 Paraguay ($X per ton), while the average price for exports to Cuba ($X per ton) was amongst the lowest.

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

Breakfast Cereal Imports

Imports into Uruguay

In 2022, approx. X tons of breakfast cereals were imported into Uruguay; waning by X% on 2021 figures. Overall, imports saw a mild contraction. The most prominent rate of growth was recorded in 2016 when imports increased by X%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, breakfast cereal imports amounted to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Argentina (X tons) constituted the largest supplier of breakfast cereal to Uruguay, with a X% share of total imports. Moreover, breakfast cereal imports from Argentina exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold. The third position in this ranking was taken by Chile (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Argentina was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Chile (X% per year).

In value terms, the largest breakfast cereal suppliers to Uruguay were Argentina ($X), Brazil ($X) and Chile ($X), together comprising X% of total imports. Germany and Mexico lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Mexico, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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 breakfast cereal import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average 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 Chile ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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