Uruguay: Dry Vegetable Market 2024

Dry Vegetable Market Size in Uruguay

In 2022, after two years of growth, there was decline in the Uruguayan dry vegetable market, when its value decreased by X% to $X. In general, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. As a result, consumption reached the peak level of $X, and then fell modestly in the following year.

Dry Vegetable Exports

Exports from Uruguay

In 2022, the amount of dry vegetables exported from Uruguay surged to X tons, rising by X% on the previous year's figure. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, dry vegetable exports dropped sharply to $X in 2022. Overall, exports posted significant growth. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then declined dramatically in the following year.

Exports by Country

Argentina (X tons) was the main destination for dry vegetable exports from Uruguay, accounting for a X% share of total exports. Moreover, dry vegetable exports to Argentina exceeded the volume sent to the second major destination, Paraguay (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to Argentina stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (X% per year) and the United States (X% per year).

In value terms, Paraguay ($X), Argentina ($X) and the United States ($X) were the largest markets for dry vegetable exported from Uruguay worldwide, together comprising X% of total exports.

Paraguay, with a CAGR of X%, recorded 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 dry vegetable export price amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price showed a noticeable decrease. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The export price peaked at $X per ton in 2021, and then declined notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Paraguay ($X per ton), while the average price for exports to Argentina ($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 Paraguay (X%), while the prices for the other major destinations experienced mixed trend patterns.

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Dry Vegetable Imports

Imports into Uruguay

In 2022, supplies from abroad of dry vegetables decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then declined in the following year.

In value terms, dry vegetable imports fell to $X in 2022. Overall, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then reduced modestly in the following year.

Imports by Country

China (X tons), the United States (X tons) and Egypt (X tons) were the main suppliers of dry vegetable imports to Uruguay, together accounting for X% of total imports. Argentina and India lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest dry vegetable suppliers to Uruguay were the United States ($X), China ($X) and Egypt ($X), together accounting for X% of total imports. Argentina and India lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, India, 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

The average dry vegetable import price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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