Uruguay: Market for Wheat and Meslin Flour 2022

Market Size for Wheat and Meslin Flour in Uruguay

In 2021, after seven years of growth, there was decline in the Uruguayan wheat and meslin flour market, when its value decreased by -X% to $X. Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2021: its value 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, consumption increased by +X% against 2013 indices. Wheat and meslin flour consumption peaked at $X in 2020, and then declined modestly in the following year.

Production of Wheat and Meslin Flour in Uruguay

In value terms, wheat and meslin flour production dropped modestly to $X in 2021 estimated in export price. Overall, the total production indicated a buoyant expansion from 2012 to 2021: its value 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, production increased by +X% against 2012 indices. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then declined in the following year.

Exports of Wheat and Meslin Flour

Exports from Uruguay

In 2021, overseas shipments of wheat and meslin flour decreased by -X% to X tons, falling for the second year in a row after two years of growth. Overall, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, wheat and meslin flour exports declined sharply to $X in 2021. Over the period under review, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Brazil (X tons) was the main destination for wheat and meslin flour exports from Uruguay, accounting for a X% share of total exports. Moreover, wheat and meslin flour exports to Brazil exceeded the volume sent to the second major destination, Venezuela (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Brazil stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (-X% per year) and Spain (-X% per year).

In value terms, Brazil ($X) remains the key foreign market for wheat and meslin flour exports from Uruguay, comprising X% of total exports. The second position in the ranking was held by Venezuela ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Brazil amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (-X% per year) and Spain (-X% per year).

Export Prices by Country

The average wheat and meslin flour export price stood at $X per ton in 2021, picking up by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the the average export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2021, the country with the highest price was Venezuela ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, 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 Wheat and Meslin Flour

Imports into Uruguay

In 2021, after two years of growth, there was significant decline in supplies from abroad of wheat and meslin flour, when their volume decreased by -X% to X tons. Over the period under review, imports, however, enjoyed a notable increase. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, wheat and meslin flour imports declined to $X in 2021. Overall, imports, however, continue to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Argentina (X tons) was the main supplier of wheat and meslin flour to Uruguay, accounting for a X% share of total imports. Moreover, wheat and meslin flour imports from Argentina exceeded the figures recorded by the second-largest supplier, Estonia (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Argentina amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (+X% per year) and Italy (+X% per year).

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

From 2012 to 2021, the average annual rate of growth in terms of value from Argentina stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (+X% per year) and Italy (+X% per year).

Import Prices by Country

In 2021, the average wheat and meslin flour import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a mild curtailment. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Estonia (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform