Uruguay: Sausage Market 2024

Sausage Market Size in Uruguay

The Uruguayan sausage market totaled $X in 2022, picking up by X% against the previous year. In general, consumption continues to indicate a strong increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Sausage Production in Uruguay

In value terms, sausage production expanded modestly to $X in 2022 estimated in export price. Overall, production posted a buoyant increase. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Sausage Exports

Exports from Uruguay

For the fifth consecutive year, Uruguay recorded growth in shipments abroad of sausages and similar products of meat, which increased by X% to X tons in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, sausage exports skyrocketed to $X in 2022. In general, exports saw a significant increase. The pace of growth appeared the most rapid in 2014 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brazil (X tons), Paraguay (X tons) and the UK (X kg) were the main destinations of sausage exports from Uruguay.

From 2012 to 2022, the biggest increases were recorded for Paraguay (with a CAGR of X.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Paraguay ($X) and the UK ($X) appeared to be the largest markets for sausage exported from Uruguay worldwide.

In terms of the main countries of destination, Paraguay, with a CAGR of X.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average sausage export price amounted to $X per ton, picking up by X% against the previous year. Overall, the export price showed slight growth. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Paraguay ($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 Maldives (X%), while the prices for the other major destinations experienced mixed trend patterns.

Sausage Imports

Imports into Uruguay

In 2022, overseas purchases of sausages and similar products of meat decreased by X% to X tons, falling for the third consecutive year after two years of growth. Overall, imports recorded a abrupt descent. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, sausage imports expanded sharply to $X in 2022. In general, imports saw a perceptible curtailment. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Brazil (X tons) constituted the largest sausage supplier to Uruguay, accounting for a X% share of total imports. Moreover, sausage imports from Brazil exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The United States (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and the United States (X% per year).

In value terms, Spain ($X), Italy ($X) and Brazil ($X) constituted the largest sausage suppliers to Uruguay, with a combined X% share of total imports.

Spain, with a CAGR of X%, recorded 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 a decline.

Import Prices by Country

The average sausage import price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, import price indicated a perceptible 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, sausage import price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat 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 Spain ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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