Uruguay: Root And Tuber Market 2024

Root And Tuber Market Size in Uruguay

The Uruguayan root and tuber market declined modestly to $X in 2022, waning by X% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Root And Tuber Production in Uruguay

In value terms, root and tuber production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

The average yield of roots and tubers in Uruguay dropped to X tons per ha in 2022, waning by X% compared with the year before. In general, the yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The root and tuber yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the root and tuber harvested area in Uruguay contracted to X ha, leveling off at the year before. Overall, the harvested area continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the harvested area dedicated to root and tuber production reached the maximum at X ha in 2017; however, from 2018 to 2022, the harvested area failed to regain momentum.

Root And Tuber Exports

Exports from Uruguay

In 2022, overseas shipments of roots and tubers decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a precipitous descent. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, root and tuber exports surged to $X in 2022. In general, exports showed a abrupt decrease. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X tons) was the main destination for root and tuber exports from Uruguay, with a X% share of total exports. Moreover, root and tuber exports to the UK exceeded the volume sent to the second major destination, Canada (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the UK amounted to X%.

In value terms, the UK ($X) remains the key foreign market for roots and tubers exports from Uruguay, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK stood at X%.

Export Prices by Country

In 2022, the average root and tuber export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, export price indicated a prominent increase from 2012 to 2022: its price 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, root and tuber export price increased by X% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Canada totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Root And Tuber Imports

Imports into Uruguay

Root and tuber imports into Uruguay dropped notably to X tons in 2022, with a decrease of X% compared with the previous year's figure. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, root and tuber imports reduced sharply to $X in 2022. Over the period under review, imports, however, saw a perceptible increase. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), Brazil (X tons) and France (X tons) were the main suppliers of root and tuber imports to Uruguay, together comprising X% of total imports.

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

In value terms, the Netherlands ($X), France ($X) and Brazil ($X) constituted the largest root and tuber suppliers to Uruguay, with a combined X% share of total imports.

The Netherlands, 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

In 2022, the average root and tuber import price amounted to $X per ton, with a decrease of X% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2022: its price 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, root and tuber import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

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