Price for Pectic Substances; Pectinates and Pectates in Uruguay - 2022

Contents:

1. Price for Pectic Substances; Pectinates and Pectates in Uruguay (CIF) - 2022
2. Price for Pectic Substances; Pectinates and Pectates in Uruguay (FOB) - 2022
3. Imports of Pectic Substances; Pectinates and Pectates in Uruguay
4. Exports of Pectic Substances; Pectinates and Pectates in Uruguay

Price for Pectic Substances; Pectinates and Pectates in Uruguay (CIF) - 2022

In 2022, the average import price for pectic substances; pectinates and pectateses amounted to $12,502 per ton, with a decrease of -1.9% against the previous year. Over the period under review, the import price recorded a mild contraction. The most prominent rate of growth was recorded in 2018 an increase of 10%. As a result, import price reached the peak level of $16,059 per ton. From 2019 to 2022, the average import prices remained at a 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 the United States ($20,750 per ton), while the price for China ($11,121 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+48.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Pectic Substances; Pectinates and Pectates in Uruguay (FOB) - 2022

The average export price for pectic substances; pectinates and pectateses stood at $17,157 per ton in 2022, increasing by 34% against the previous year. In general, the export price saw a resilient increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 140%. As a result, the export price attained the peak level of $18,411 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Paraguay.

From 2012 to 2022, the rate of growth in terms of prices for Paraguay amounted to +13.7% per year.

Imports of Pectic Substances; Pectinates and Pectates in Uruguay

In 2022, the amount of pectic substances; pectinates and pectateses imported into Uruguay surged to 44 tons, rising by 19% against the previous year. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +16.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 38%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, pectic substances; pectinates and pectates imports skyrocketed to $551K in 2022. The total import value increased at an average annual rate of +14.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 26% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Top Suppliers of Pectic Substances; Pectinates and Pectates to Uruguay in 2022:

1. United States (undefined tons)
2. China (25.8 tons)
3. Mexico (12.6 tons)
4. Free Zones (3.7 tons)
5. Brazil (1.0 tons)
6. Denmark (1.0 tons)

Exports of Pectic Substances; Pectinates and Pectates in Uruguay

Pectic substances; pectinates and pectates exports from Uruguay contracted remarkably to 408 kg in 2022, which is down by -25.8% against 2021 figures. Overall, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 29%.

In value terms, pectic substances; pectinates and pectates exports declined modestly to $7K in 2022. The total export value increased at an average annual rate of +3.8% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 12% against the previous year.

Top Export Markets for Pectic Substances; Pectinates and Pectates from Uruguay in 2022:

1. Paraguay (408.0 kg)

Source: IndexBox Market Intelligence Platform