Non-Liquid Margarine Price in Uruguay - 2022
Contents:
- Non-Liquid Margarine Price in Uruguay (CIF) - 2022
- Non-Liquid Margarine Price in Uruguay (FOB) - 2022
- Non-Liquid Margarine Imports in Uruguay
- Non-Liquid Margarine Exports in Uruguay
Non-Liquid Margarine Price in Uruguay (CIF) - 2022
The average non-liquid margarine import price stood at $1,677 per ton in 2022, increasing by 29% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the UK ($2,227 per ton) and Argentina ($1,722 per ton), while the price for Brazil ($1,560 per ton) and Spain ($1,620 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Liquid Margarine Price in Uruguay (FOB) - 2022
The average non-liquid margarine export price stood at $1,292 per ton in 2022, remaining constant against the previous year. Overall, the export price continues to indicate a noticeable shrinkage. The growth pace was the most rapid in 2018 an increase of 46%. As a result, the export price reached the peak level of $2,821 per ton. From 2019 to 2022, the average 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 2022, the rate of growth in terms of prices for Argentina amounted to -3.7% per year.
Non-Liquid Margarine Imports in Uruguay
In 2022, the amount of non-liquid margarine imported into Uruguay expanded sharply to 5.9K tons, picking up by 10% compared with the year before. The total import volume increased at an average annual rate of +2.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, non-liquid margarine imports soared to $10M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +14.8% 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 +66.1% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Non-Liquid Margarine in Uruguay (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 3.8 | 3.7 | 4.2 | 6.6 | 20.2% |
| Brazil | 1.7 | 1.0 | 2.0 | 3.1 | 22.2% |
| United Kingdom | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Spain | 0.2 | 0.3 | 0.2 | N/A | 0.0% |
| Others | 0.7 | 0.9 | 0.6 | 0.1 | -47.7% |
| Total | 6.6 | 6.0 | 7.0 | 10.0 | 14.9% |
Top Suppliers of Non-Liquid Margarine to Uruguay in 2022:
- United Kingdom (undefinedK tons)
- Spain (undefinedK tons)
- Argentina (3.8K tons)
- Brazil (2.0K tons)
Non-Liquid Margarine Exports in Uruguay
In 2022, the amount of non-liquid margarine exported from Uruguay skyrocketed to 3.8 tons, growing by 49% compared with 2021. Over the period under review, exports, however, continue to indicate a noticeable decline.
In value terms, non-liquid margarine exports skyrocketed to $4.9K in 2022. Overall, exports, however, showed a deep contraction.
| Export of Non-Liquid Margarine in Uruguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 7.7 | 4.3 | 3.3 | 4.8 | -14.6% |
| Bahrain | N/A | 2.1 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 7.7 | 6.4 | 3.3 | 4.9 | -14.0% |
Top Export Markets for Non-Liquid Margarine from Uruguay in 2022:
- Argentina (3.7 tons)
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