Uruguay: Pulses Market 2024

Pulses Market Size in Uruguay

In 2022, the Uruguayan pulses market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2021, and then shrank dramatically in the following year.

Pulses Production in Uruguay

In value terms, pulses production rose significantly to $X in 2022 estimated in export price. In general, the total production indicated a notable 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. Pulses production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

In 2022, the average yield of pulses in Uruguay totaled X tons per ha, remaining relatively unchanged against 2021 figures. In general, the yield showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X%. The pulses yield peaked at X tons per ha in 2020; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The pulses harvested area in Uruguay shrank slightly to X ha in 2022, remaining constant against 2021. Overall, the harvested area showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The pulses harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Pulses Exports

Exports from Uruguay

In 2022, after two years of growth, there was significant decline in shipments abroad of pulses, when their volume decreased by X% to X tons. Overall, exports showed a dramatic decline. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, pulses exports shrank rapidly to $X in 2022. In general, exports faced a significant curtailment. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Argentina (X tons) was the main destination for pulses exports from Uruguay, with a X% share of total exports. Moreover, pulses exports to Argentina exceeded the volume sent to the second major destination, Israel (X tons), twofold. Pakistan (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Argentina totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (X% per year) and Pakistan (X% per year).

In value terms, Israel ($X) remains the key foreign market for pulses exports from Uruguay, comprising X% of total exports. The second position in the ranking was taken by Argentina ($X), with an X% share of total exports. It was followed by Pakistan, with a X% share.

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

Export Prices by Country

The average pulses export price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price saw resilient growth. 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 Israel ($X per ton), while the average price for exports to Argentina ($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 India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Pulses Imports

Imports into Uruguay

After two years of growth, supplies from abroad of pulses decreased by X% to X tons in 2022. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. Imports peaked at X tons in 2021, and then fell sharply in the following year.

In value terms, pulses imports reduced rapidly to $X in 2022. Overall, imports, however, enjoyed a temperate increase. The pace of growth was the most pronounced in 2020 when imports increased by X%. Imports peaked at $X in 2021, and then contracted rapidly in the following year.

Imports by Country

In 2022, Argentina (X tons) constituted the largest supplier of pulses to Uruguay, with a X% share of total imports. Moreover, pulses imports from Argentina exceeded the figures recorded by the second-largest supplier, Canada (X tons), sevenfold.

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

In value terms, Argentina ($X) constituted the largest supplier of pulses to Uruguay, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Argentina amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and Peru (X% per year).

Import Prices by Country

The average pulses import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, import price indicated notable growth 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, pulses import price increased by X% against 2019 indices. The growth pace was the most rapid in 2016 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Peru ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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