Uruguay: Cheese And Curd Market 2024

Cheese And Curd Market Size in Uruguay

The Uruguayan cheese and curd market expanded significantly to $X in 2022, surging by X% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Cheese And Curd Production in Uruguay

In value terms, cheese and curd production totaled $X in 2022 estimated in export price. Overall, production, however, saw a pronounced slump. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Cheese And Curd Exports

Exports from Uruguay

In 2022, the amount of cheese and curd exported from Uruguay dropped to X tons, with a decrease of X% compared with 2021. Over the period under review, exports saw a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, cheese and curd exports expanded notably to $X in 2022. Overall, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil (X tons), Mexico (X tons) and Argentina (X tons) were the main destinations of cheese and curd exports from Uruguay, with a combined X% share of total exports. Chile, Russia, Peru, Paraguay and Venezuela lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Mexico ($X) and Argentina ($X) appeared to be the largest markets for cheese and curd exported from Uruguay worldwide, together accounting for X% of total exports. Chile, Russia, Peru, Paraguay and Venezuela lagged somewhat behind, together comprising a further X%.

Russia, with a CAGR of X%, saw the highest growth rate of the value of exports, among 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

In 2022, the average cheese and curd export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a slight decline. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Russia ($X per ton) and Venezuela ($X per ton), while the average price for exports to Paraguay ($X per ton) and Brazil ($X per ton) were amongst the lowest.

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

Cheese And Curd Imports

Imports into Uruguay

In 2022, the amount of cheese and curd imported into Uruguay contracted modestly to X tons, reducing by X% on the previous year's figure. Over the period under review, imports, however, continue to indicate a buoyant increase. The growth pace was the most rapid in 2014 with an increase of X%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, cheese and curd imports surged to $X in 2022. In general, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Argentina (X tons) constituted the largest supplier of cheese and curd to Uruguay, accounting for a X% share of total imports. Moreover, cheese and curd imports from Argentina exceeded the figures recorded by the second-largest supplier, New Zealand (X tons), more than tenfold. The third position in this ranking was taken by Brazil (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Argentina totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and Brazil (X% per year).

In value terms, Argentina ($X) constituted the largest supplier of cheese and curd to Uruguay, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports. It was followed by New Zealand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Argentina amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and New Zealand (X% per year).

Import Prices by Country

The average cheese and curd import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price attained 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 the United States ($X per ton), while the price for the Netherlands ($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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