Uruguay - Peanut Butter and Prepared or Preserved Groundnuts - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact
Uruguay: Peanut Butter Market 2022
Peanut Butter Market Size in Uruguay
In 2021, the Uruguayan peanut butter market decreased by -X% to $X, falling for the third year in a row after three years of growth. In general, consumption recorded a noticeable curtailment. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.
Peanut Butter Imports
Imports into Uruguay
In 2021, overseas purchases of peanut butter and prepared or preserved groundnuts decreased by -X% to X tons, falling for the third consecutive year after seven years of growth. Overall, total imports indicated a slight increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.
In value terms, peanut butter imports declined significantly to $X in 2021. Over the period under review, imports, however, showed a noticeable downturn. The pace of growth was the most pronounced in 2017 with an increase of X%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.
Imports by Country
In 2021, Argentina (X tons) constituted the largest peanut butter supplier to Uruguay, with a X% share of total imports. Moreover, peanut butter imports from Argentina exceeded the figures recorded by the second-largest supplier, Brazil (X tons), fivefold. Paraguay (X tons) ranked third in terms of total imports with a X% share.
From 2012 to 2021, the average annual growth rate of volume from Argentina totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+X% per year) and Paraguay (-X% per year).
In value terms, Argentina ($X) constituted the largest supplier of peanut butter to Uruguay, comprising X% of total imports. The second position in the ranking was occupied by Brazil ($X), with a X% share of total imports. It was followed by Paraguay, with a X% share.
From 2012 to 2021, the average annual rate of growth in terms of value from Argentina amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-X% per year) and Paraguay (-X% per year).
Import Prices by Country
In 2021, the average peanut butter import price amounted to $X per ton, leveling off at the previous year. Over the period under review, the import price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Paraguay ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+X%), while the prices for the other major suppliers experienced a decline.
Source: IndexBox Platform
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This report provides an in-depth analysis of the peanut butter market in Uruguay. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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