Uruguay: Market for Dried Or Salted Fish 2022

Market Size for Dried Or Salted Fish in Uruguay

In 2021, the Uruguayan dried or salted fish market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, recorded a noticeable descent. Dried or salted fish consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Dried Or Salted Fish in Uruguay

In value terms, dried or salted fish production rose rapidly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a pronounced setback. The growth pace was the most rapid in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Exports of Dried Or Salted Fish

Exports from Uruguay

Dried or salted fish exports from Uruguay fell remarkably to X tons in 2021, waning by -X% compared with the previous year. Over the period under review, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, dried or salted fish exports declined to $X in 2021. Overall, exports showed a drastic downturn. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Italy (X tons) was the main destination for dried or salted fish exports from Uruguay, accounting for a approx. X% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to Italy amounted to +X%.

In value terms, Italy ($X) also remains the key foreign market for dried or salted fish exports from Uruguay.

From 2012 to 2020, the average annual rate of growth in terms of value to Italy amounted to +X%.

Export Prices by Country

In 2020, the average dried or salted fish export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, export price indicated notable growth from 2012 to 2020: its price increased at an average annual rate of +X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, dried or salted fish export price increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum in 2020 and is likely to see gradual growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Italy.

From 2012 to 2020, the rate of growth in terms of prices for Italy amounted to +X% per year.

Imports of Dried Or Salted Fish

Imports into Uruguay

Dried or salted fish imports into Uruguay declined remarkably to X tons in 2021, waning by -X% against the year before. In general, imports recorded a dramatic contraction. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, imports attained the peak of X tons, and then reduced notably in the following year.

In value terms, dried or salted fish imports reduced remarkably to $X in 2021. Overall, imports saw a abrupt descent. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, imports reached the peak of $X, and then fell rapidly in the following year.

Imports by Country

Croatia (X tons), Spain (X tons) and Italy (X tons) were the main suppliers of dried or salted fish imports to Uruguay.

From 2012 to 2020, the biggest increases were in Spain (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest dried or salted fish suppliers to Uruguay were Croatia ($X), Spain ($X) and Italy ($X, with a CAGR of +X%, saw 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

The average dried or salted fish import price stood at $X per ton in 2020, dropping by -X% against the previous year. In general, the import price recorded a abrupt decrease. The pace of growth was the most pronounced in 2019 an increase of X%. As a result, import price reached the peak level of $X per ton, and then dropped markedly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was Italy ($X per ton), while the price for Croatia ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Croatia (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform