Uruguay: Market for Prepared or Preserved Meat 2024

Market Size for Prepared or Preserved Meat in Uruguay

The Uruguayan prepared or preserved meat market declined to $X in 2023, reducing by X% against the previous year. In general, the total consumption indicated notable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2023, the growth of the market failed to regain momentum.

Production of Prepared or Preserved Meat in Uruguay

In value terms, prepared or preserved meat production contracted to $X in 2023 estimated in export price. Overall, the total production indicated a notable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2023, production growth remained at a somewhat lower figure.

Exports of Prepared or Preserved Meat

Exports from Uruguay

In 2023, approx. X tons of prepared or preserved meat were exported from Uruguay; increasing by X% against the previous year's figure. In general, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports attained the peak figure in 2023 and are expected to retain growth in the immediate term.

In value terms, prepared or preserved meat exports stood at $X in 2023. Overall, exports saw a strong increase. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports attained the maximum in 2023 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons) was the main destination for prepared or preserved meat exports from Uruguay, with a X% share of total exports. Moreover, prepared or preserved meat exports to the United States exceeded the volume sent to the second major destination, South Korea (X tons), more than tenfold. The United Arab Emirates (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and the United Arab Emirates (X.6% per year).

In value terms, the United States ($X) remains the key foreign market for prepared or preserved meat exports from Uruguay, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X.9% per year) and South Korea (X% per year).

Export Prices by Country

In 2023, the average prepared or preserved meat export price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the export price, however, recorded a mild contraction. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared or Preserved Meat

Imports into Uruguay

In 2023, imports of prepared or preserved meat into Uruguay rose significantly to X tons, growing by X% against the year before. In general, imports saw a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the immediate term.

In value terms, prepared or preserved meat imports rose significantly to $X in 2023. Over the period under review, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2022 with an increase of X%. Imports peaked in 2023 and are expected to retain growth in the immediate term.

Imports by Country

In 2023, Brazil (X tons) constituted the largest prepared or preserved meat supplier to Uruguay, accounting for a X% share of total imports. Moreover, prepared or preserved meat imports from Brazil exceeded the figures recorded by the second-largest supplier, Argentina (X tons), fourfold. The third position in this ranking was held by Paraguay (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Brazil stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Paraguay (X% per year).

In value terms, Brazil ($X) constituted the largest supplier of prepared or preserved meat to Uruguay, comprising X% of total imports. The second position in the ranking was taken by Argentina ($X), with a X% share of total imports. It was followed by Paraguay, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Brazil totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Paraguay (X% per year).

Import Prices by Country

The average prepared or preserved meat import price stood at $X per ton in 2023, almost unchanged from the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Paraguay ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Paraguay (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform