Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Uruguay - 2022

Contents:

1. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Uruguay (FOB) - 2022
2. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Uruguay (CIF) - 2022
3. Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Uruguay
4. Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Uruguay

Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Uruguay (FOB) - 2022

The average export price for liquid margarine and edible mixtures of animal or vegetable fats stood at $3,245 per ton in 2022, with an increase of 11% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($3,533 per ton), while the average price for exports to Argentina ($2,712 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 (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Uruguay (CIF) - 2022

The average import price for liquid margarine and edible mixtures of animal or vegetable fats stood at $2,208 per ton in 2022, rising by 29% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for liquid margarine and edible mixtures of animal or vegetable fats increased by +118.7% against 2019 indices. The growth pace was the most rapid in 2020 when the average import price increased by 35% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

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 Colombia ($3,672 per ton), while the price for Brazil ($1,992 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Uruguay

For the fourth consecutive year, Uruguay recorded growth in overseas shipments of liquid margarine and edible mixtures of animal or vegetable fats, which increased by 12% to 35K tons in 2022. The total export volume increased at an average annual rate of +8.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats skyrocketed to $115M in 2022. The total export value increased at an average annual rate of +11.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from Uruguay in 2022:

1. Brazil (22.5K tons)
2. Argentina (11.7K tons)
3. Chile (1.0K tons)

Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Uruguay

For the third year in a row, Uruguay recorded decline in supplies from abroad of liquid margarine and edible mixtures of animal or vegetable fats, which decreased by -9.1% to 908 tons in 2022. Over the period under review, imports continue to indicate a precipitous decline.

In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats soared to $2M in 2022. In general, imports showed a abrupt downturn.

Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Uruguay in 2022:

1. Argentina (515.0 tons)
2. Brazil (368.4 tons)
3. Colombia (13.7 tons)
4. Spain (2.2 tons)

Source: IndexBox Market Intelligence Platform