Price for Vegetable Products Not Elsewhere Specified or Included in Uruguay - 2023

Contents:

  1. Price for Vegetable Products Not Elsewhere Specified or Included in Uruguay (CIF) - 2022
  2. Price for Vegetable Products Not Elsewhere Specified or Included in Uruguay (FOB) - 2022
  3. Imports of Vegetable Products Not Elsewhere Specified or Included in Uruguay
  4. Exports of Vegetable Products Not Elsewhere Specified or Included in Uruguay

Price for Vegetable Products Not Elsewhere Specified or Included in Uruguay (CIF) - 2022

In 2022, the average import price for vegetable products not elsewhere specified or includeds amounted to $842 per ton, rising by 5.3% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 101%. The import price peaked at $1,726 per ton in 2014; however, from 2015 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 Brazil ($7,529 per ton), while the price for France ($326 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+19.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Vegetable Products Not Elsewhere Specified or Included in Uruguay (FOB) - 2022

In 2021, the average export price for vegetable products not elsewhere specified or includeds amounted to $1,786 per ton, almost unchanged from the previous year. Overall, the export price showed a drastic downturn. The pace of growth was the most pronounced in 2017 when the average export price increased by 6.8% against the previous year. The export price peaked at $1,057,933 per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Brazil amounted to +20.4% per year.

Imports of Vegetable Products Not Elsewhere Specified or Included in Uruguay

In 2022, approx. 60 tons of vegetable products not elsewhere specified or includeds were imported into Uruguay; waning by -67.5% compared with 2021 figures. Overall, imports faced a dramatic slump. The most prominent rate of growth was recorded in 2021 with an increase of 78%. As a result, imports reached the peak of 186 tons, and then reduced markedly in the following year.

In value terms, imports of vegetable products not elsewhere specified or includeds dropped markedly to $51K in 2022. In general, imports continue to indicate a sharp decline. The pace of growth appeared the most rapid in 2021 with an increase of 65%.

Import of Vegetable Products Not Elsewhere Specified or Included in Uruguay (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
France13.137.077.516.17.1%
EcuadorN/A7.86.912.828.1%
Brazil9.85.816.210.93.6%
China0.45.1N/A8.8180.2%
Iran4.14.14.42.2-18.7%
Peru19530.239.4N/A-55.0%
Others0.6N/A4.0N/A158.2%
Total22390.014850.8-38.9%

Top Suppliers of Vegetable Products Not Elsewhere Specified or Included to Uruguay in 2022:

  1. France (49.3 tons)
  2. Ecuador (6.0 tons)
  3. China (2.6 tons)
  4. Brazil (1.4 tons)
  5. Iran (1.0 tons)

Exports of Vegetable Products Not Elsewhere Specified or Included in Uruguay

In 2021, the amount of vegetable products not elsewhere specified or includeds exported from Uruguay totaled 2.2 tons, standing approx. at 2020 figures. Over the period under review, exports enjoyed significant growth. The smallest decline of 99.9% was in 2020. Over the period under review, the exports of attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, exports of vegetable products not elsewhere specified or includeds stood at $4K in 2021. In general, exports continue to indicate a sharp curtailment. The smallest decline of 99.9% was in 2020.

Export of Vegetable Products Not Elsewhere Specified or Included in Uruguay (Thousand USD)
COUNTRY201920202021CAGR,
2019-2021
ArgentinaN/AN/A4.00%
United States44.3N/AN/A0%
Others3.3N/AN/A0%
Total47.6N/A4.0-71.0%

Top Export Markets for Vegetable Products Not Elsewhere Specified or Included from Uruguay in 2022:

  1. Argentina (2.2 tons)

Source: IndexBox Market Intelligence Platform

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