Price for Protein; Concentrates and Textured Protein Substances in Uruguay - 2023
Contents:
- Price for Protein; Concentrates and Textured Protein Substances in Uruguay (CIF) - 2023
- Imports of Protein; Concentrates and Textured Protein Substances in Uruguay
Price for Protein; Concentrates and Textured Protein Substances in Uruguay (CIF) - 2023
The average import price for protein; concentrates and textured protein substanceses stood at $1,663 per ton in December 2023, with a decrease of -50.2% against the previous month. Over the period under review, the import price saw a pronounced curtailment. The growth pace was the most rapid in May 2023 when the average import price increased by 120% m-o-m. The import price peaked at $3,340 per ton in November 2023, and then fell dramatically 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 Mexico ($4,750 per ton), while the price for Argentina ($1,028 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 Argentina (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Protein; Concentrates and Textured Protein Substances in Uruguay
Imports of protein; concentrates and textured protein substanceses into Uruguay reduced to 1.3K tons in 2022, waning by -7.9% compared with 2021 figures. Over the period under review, imports saw a pronounced decrease. The most prominent rate of growth was recorded in 2021 with an increase of 9.7% against the previous year.
In value terms, imports of protein; concentrates and textured protein substanceses reached $2.8M in 2022. The total import value increased at an average annual rate of +3.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 21% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Protein; Concentrates and Textured Protein Substances in Uruguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 1,669 | 1,033 | 1,017 | 2,020 | 6.6% |
| Argentina | 258 | 357 | 507 | 549 | 28.6% |
| United States | 102 | 321 | 981 | 190 | 23.0% |
| Denmark | 41.1 | 87.9 | 91.6 | 37.9 | -2.7% |
| China | 471 | 473 | 150 | 0.9 | -87.6% |
| Others | 1.9 | 5.0 | 17.5 | 22.5 | 127.9% |
| Total | 2,542 | 2,276 | 2,764 | 2,820 | 3.5% |
Top Suppliers of Protein; Concentrates and Textured Protein Substances to Uruguay in 2022:
- Brazil (911.9 tons)
- Argentina (350.6 tons)
- United States (68.7 tons)
- Denmark (14.1 tons)
- China (0.3 tons)
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