Price for Nuts, Edible; Almonds, Fresh or Dried, Shelled in Uruguay - 2023

Price for Nuts, Edible; Almonds, Fresh or Dried, Shelled in Uruguay (CIF) - 2022

The average import price for nuts, edible; almonds, fresh or dried, shelleds stood at $5,828 per ton in 2022, growing by 5.5% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 41% against the previous year. Over the period under review, average import prices hit record highs at $11,525 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 Argentina ($7,770 per ton), while the price for Australia ($4,933 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Nuts, Edible; Almonds, Fresh or Dried, Shelled in Uruguay (FOB) - 2022

In 2020, the average export price for nuts, edible; almonds, fresh or dried, shelleds amounted to $19,650 per ton, jumping by 41% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by 112% against the previous year. Over the period under review, the average export prices attained the maximum in 2020 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2012 to 2020, the rate of growth in terms of prices for the UK amounted to +45.1% per year.

Imports of Nuts, Edible; Almonds, Fresh or Dried, Shelled in Uruguay

Imports of nuts, edible; almonds, fresh or dried, shelleds into Uruguay surged to 405 tons in 2022, jumping by 17% compared with the previous year. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +16.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.9% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 45%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, imports of nuts, edible; almonds, fresh or dried, shelleds skyrocketed to $2.4M in 2022. The total import value increased at an average annual rate of +7.2% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Nuts, Edible; Almonds, Fresh or Dried, Shelled in Uruguay (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Chile	1,451	1,639	1,248	2,033	11.9%
United States	195	275	501	202	1.2%
Australia	146	281	90.9	85.6	-16.3%
Others	124	87.9	67.4	40.3	-31.2%
Total	1,917	2,282	1,908	2,360	7.2%

Top Suppliers of Nuts, Edible; Almonds, Fresh or Dried, Shelled to Uruguay in 2022:

Chile (343.8 tons)
United States (38.9 tons)
Australia (17.4 tons)

Exports of Nuts, Edible; Almonds, Fresh or Dried, Shelled in Uruguay

In 2020, the amount of nuts, edible; almonds, fresh or dried, shelleds exported from Uruguay reduced sharply to 20 kg, which is down by -71.8% on the year before. Over the period under review, exports continue to indicate a dramatic descent.

In value terms, exports of nuts, edible; almonds, fresh or dried, shelleds fell dramatically to $393 in 2020. Overall, exports continue to indicate a sharp decrease.