Uruguay: Market for Glycosides And Vegetable Alkaloids 2024

Market Size for Glycosides And Vegetable Alkaloids in Uruguay

The Uruguayan glycosides and vegetable alkaloids market shrank markedly to $X in 2022, with a decrease of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate modest growth. Glycosides and vegetable alkaloids consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Exports of Glycosides And Vegetable Alkaloids

Exports from Uruguay

In 2022, approx. X kg of glycosides and vegetable alkaloids were exported from Uruguay; reducing by X% compared with 2021 figures. Over the period under review, exports saw a pronounced descent. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, glycosides and vegetable alkaloids exports rose to $X in 2022. In general, exports, however, continue to indicate a modest expansion. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Free Zones (X kg), Argentina (X kg) and Paraguay (X kg) were the main destinations of glycosides and vegetable alkaloids exports from Uruguay, with a combined X% share of total exports.

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

In value terms, Argentina ($X) remains the key foreign market for glycosides and vegetable alkaloids exports from Uruguay, comprising X% of total exports. The second position in the ranking was held by Free Zones ($X), with a X% share of total exports. It was followed by Paraguay, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Argentina totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Free Zones (X% per year) and Paraguay (X% per year).

Export Prices by Country

The average glycosides and vegetable alkaloids export price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price saw a resilient increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Paraguay ($X per ton), while the average price for exports to Honduras ($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 Venezuela (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glycosides And Vegetable Alkaloids

Imports into Uruguay

Glycosides and vegetable alkaloids imports into Uruguay shrank notably to X tons in 2022, with a decrease of X% against the year before. In general, imports, however, saw temperate growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, glycosides and vegetable alkaloids imports contracted significantly to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest glycosides and vegetable alkaloids supplier to Uruguay, with a X% share of total imports. Moreover, glycosides and vegetable alkaloids imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), sixfold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Germany (X% per year).

In value terms, China ($X), India ($X) and Switzerland ($X) appeared to be the largest glycosides and vegetable alkaloids suppliers to Uruguay, together accounting for X% of total imports.

In terms of the main suppliers, Switzerland, with a CAGR of X%, recorded 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 glycosides and vegetable alkaloids import price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price, however, continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2015 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 India ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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