Uruguay: Market for Prepared Dishes and Meals 2024

Market Size for Prepared Dishes and Meals in Uruguay

In 2023, after two years of growth, there was significant decline in the Uruguayan prepared dishes and meal market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Prepared dishes and meal consumption peaked at $X in 2015; however, from 2016 to 2023, consumption failed to regain momentum.

Exports of Prepared Dishes and Meals

Exports from Uruguay

In 2023, shipments abroad of prepared dishes and meals increased by X% to X tons, rising for the third consecutive year after three years of decline. Over the period under review, exports, however, showed a pronounced contraction. The growth pace was the most rapid in 2022 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, prepared dishes and meal exports surged to $X in 2023. Overall, exports enjoyed a moderate increase. The growth pace was the most rapid in 2022 when exports increased by X% against the previous year. The exports peaked in 2023 and are likely to see gradual growth in the immediate term.

Exports by Country

Argentina (X tons) was the main destination for prepared dishes and meal exports from Uruguay, accounting for a X% share of total exports. Moreover, prepared dishes and meal exports to Argentina exceeded the volume sent to the second major destination, Cuba (X tons), fourfold. The third position in this ranking was taken by Costa Rica (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Argentina totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (X% per year) and Costa Rica (X% per year).

In value terms, Argentina ($X) remains the key foreign market for prepared dishes and meals exports from Uruguay, comprising X% of total exports. The second position in the ranking was taken by Costa Rica ($X), with a X% share of total exports. It was followed by Cuba, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Argentina totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (X% per year) and Cuba (X% per year).

Export Prices by Country

The average prepared dishes and meal export price stood at $X per ton in 2023, declining by X% against the previous year. Overall, export price indicated a strong expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, prepared dishes and meal export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2022, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Dishes and Meals

Imports into Uruguay

In 2023, supplies from abroad of prepared dishes and meals decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at X tons in 2022, and then shrank in the following year.

In value terms, prepared dishes and meal imports expanded notably to $X in 2023. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Argentina (X tons), Brazil (X tons) and the United States (X tons) were the main suppliers of prepared dishes and meal imports to Uruguay, together accounting for X% of total imports. Mexico, the Netherlands, Chile, Germany, Belgium and Australia lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Australia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared dishes and meal suppliers to Uruguay were Brazil ($X), Argentina ($X) and the United States ($X), with a combined X% share of total imports. Chile, Mexico, Belgium, Germany, the Netherlands and Australia lagged somewhat behind, together accounting for a further X%.

Australia, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average prepared dishes and meal import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, saw a slight slump. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform