Mandarins Price in Uruguay - 2021

Contents:

  1. Mandarins Price in Uruguay (FOB) - 2022
  2. Mandarins Price in Uruguay (CIF) - 2022
  3. Mandarins Exports in Uruguay
  4. Mandarins Imports in Uruguay

Mandarins Price in Uruguay (FOB) - 2022

In 2022, the average mandarins export price amounted to $940 per ton, with an increase of 7.4% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2019 an increase of 10%. The export price peaked at $1,021 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($1,406 per ton), while the average price for exports to Saudi Arabia ($668 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 Brazil (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Mandarins Price in Uruguay (CIF) - 2022

The average mandarins import price stood at $426 per ton in 2022, standing approx. at the previous year. In general, the import price, however, faced a abrupt decrease. The import price peaked at $1,239 per ton in 2015; however, from 2016 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 ($651 per ton), while the price for Brazil ($234 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (-5.3%), while the prices for the other major suppliers experienced a decline.

Mandarins Exports in Uruguay

After three years of growth, overseas shipments of fruit, edible decreased by -10% to 19K tons in 2022. The total export volume increased at an average annual rate of +6.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 25%. As a result, the exports reached the peak of 21K tons, and then reduced in the following year.

In value terms, mandarins exports reduced modestly to $18M in 2022. The total export value increased at an average annual rate of +6.7% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 17% against the previous year.

Export of Mandarins in Uruguay (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States5.110.17.88.418.1%
Germany1.81.11.61.7-1.9%
Brazil1.41.71.61.64.6%
Netherlands1.21.11.51.610.1%
Russia2.61.01.41.6-14.9%
Canada0.80.80.90.94.0%
Portugal0.40.40.30.40.0%
Others1.10.83.01.35.7%
Total14.416.918.117.56.7%

Top Export Markets for Mandarins from Uruguay in 2022:

  1. United States (9.1K tons)
  2. Netherlands (2.1K tons)
  3. Russia (1.9K tons)
  4. Brazil (1.6K tons)
  5. Germany (1.2K tons)
  6. Canada (1.0K tons)
  7. Portugal (0.4K tons)

Mandarins Imports in Uruguay

In 2022, mandarins imports into Uruguay soared to 24 tons, jumping by 375% against the previous year's figure. In general, imports enjoyed a significant expansion.

In value terms, mandarins imports surged to $10K in 2022. Overall, imports saw a resilient expansion.

Import of Mandarins in Uruguay (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Argentina3.28.21.25.922.6%
Spain3.79.20.84.13.5%
BrazilN/AN/A0.10.3200.0%
Turkey0.41.2N/AN/A200.0%
OthersN/AN/AN/AN/A0%
Total7.318.52.210.312.2%

Top Suppliers of Mandarins to Uruguay in 2022:

  1. Argentina (16.6 tons)
  2. Spain (6.3 tons)
  3. Brazil (1.4 tons)

Source: IndexBox Market Intelligence Platform

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