Price for Food Preparations Not Elsewhere Specified or Included in Uruguay - 2023
Contents:
- Price for Food Preparations Not Elsewhere Specified or Included in Uruguay (CIF) - 2023
- Price for Food Preparations Not Elsewhere Specified or Included in Uruguay (FOB) - 2022
- Imports of Food Preparations Not Elsewhere Specified or Included in Uruguay
- Exports of Food Preparations Not Elsewhere Specified or Included in Uruguay
Price for Food Preparations Not Elsewhere Specified or Included in Uruguay (CIF) - 2023
The average import price for food preparations not elsewhere specified or included stood at $7,494 per ton in December 2023, with a decrease of -23% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in November 2023 an increase of 37% m-o-m. As a result, import price attained the peak level of $9,732 per ton, and then reduced notably in the following month.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Chile ($21,994 per ton), while the price for the Netherlands ($2,680 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Belgium (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Food Preparations Not Elsewhere Specified or Included in Uruguay (FOB) - 2022
The average export price for food preparations not elsewhere specified or included stood at $8,049 per ton in 2022, surging by 9.7% against the previous year. In general, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +8.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for food preparations not elsewhere specified or included increased by +30.4% against 2018 indices. The pace of growth was the most pronounced in 2015 when the average export price increased by 22%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.
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 Bolivia ($15,096 per ton), while the average price for exports to the United States ($4,034 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 Canada (+41.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Food Preparations Not Elsewhere Specified or Included in Uruguay
In 2022, imports of food preparations not elsewhere specified or included into Uruguay was estimated at 8.6K tons, picking up by 4.6% compared with the year before. Overall, imports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 8.8%.
In value terms, imports of food preparations not elsewhere specified or included rose sharply to $52M in 2022. In general, imports, however, showed a abrupt curtailment.
| Import of Food Preparations Not Elsewhere Specified or Included in Uruguay (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 21.4 | 13.7 | 11.8 | 13.5 | -14.2% |
| Argentina | 17.7 | 12.3 | 11.1 | 13.0 | -9.8% |
| United States | 11.5 | 7.8 | 10.4 | 10.9 | -1.8% |
| Mexico | 4.1 | 3.1 | 2.6 | 2.8 | -11.9% |
| Chile | 3.5 | 2.5 | 3.2 | 2.8 | -7.2% |
| Netherlands | 1.0 | 0.9 | 0.5 | 1.4 | 11.9% |
| Germany | 1.8 | 1.1 | 1.6 | 1.2 | -12.6% |
| Belgium | 0.6 | 0.6 | 1.0 | 1.0 | 18.6% |
| Italy | 0.6 | 0.6 | 0.8 | 0.7 | 5.3% |
| Australia | N/A | 0.1 | 0.7 | 0.5 | 123.6% |
| China | 0.8 | 0.6 | 0.3 | 0.3 | -27.9% |
| Others | 4.1 | 2.9 | 3.3 | 3.6 | -4.2% |
| Total | 67.2 | 46.2 | 47.2 | 51.9 | -8.3% |
Top Suppliers of Food Preparations Not Elsewhere Specified or Included to Uruguay in 2022:
- Argentina (3101.7 tons)
- Brazil (2301.9 tons)
- United States (1457.2 tons)
- Netherlands (291.6 tons)
- Australia (230.4 tons)
- Mexico (190.2 tons)
- Germany (188.9 tons)
- China (140.3 tons)
- Italy (139.9 tons)
- Belgium (131.4 tons)
- Chile (110.1 tons)
Exports of Food Preparations Not Elsewhere Specified or Included in Uruguay
In 2022, approx. 868 tons of food preparations not elsewhere specified or included were exported from Uruguay; growing by 36% against the previous year. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +18.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.3% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of food preparations not elsewhere specified or included surged to $7M in 2022. Overall, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Food Preparations Not Elsewhere Specified or Included in Uruguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 343 | 663 | 1,439 | 3,090 | 108.1% |
| Bolivia | 964 | 1,245 | 1,697 | 1,939 | 26.2% |
| Paraguay | 741 | 575 | 524 | 671 | -3.3% |
| Peru | 27.3 | 6.6 | 12.1 | 501 | 163.8% |
| Cuba | 1,043 | 163 | 312 | 355 | -30.2% |
| Costa Rica | 50.7 | 306 | 279 | 283 | 77.4% |
| Brazil | 185 | 168 | 75.6 | 82.5 | -23.6% |
| Venezuela | 283 | 309 | 157 | N/A | -25.5% |
| Others | 46.2 | 245 | 204 | 70.0 | 14.9% |
| Total | 3,682 | 3,681 | 4,699 | 6,989 | 23.8% |
Top Export Markets for Food Preparations Not Elsewhere Specified or Included from Uruguay in 2022:
- Argentina (488.3 tons)
- Bolivia (128.4 tons)
- Peru (65.5 tons)
- Costa Rica (59.6 tons)
- Paraguay (54.2 tons)
- Cuba (54.0 tons)
- Brazil (8.5 tons)
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