Uruguay: Sweet Potato Market 2024

Sweet Potato Market Size in Uruguay

The Uruguayan sweet potato market declined slightly to $X in 2023, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Sweet potato consumption peaked at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

Sweet Potato Production in Uruguay

In value terms, sweet potato production declined modestly to $X in 2023 estimated in export price. Over the period under review, the total production indicated a strong 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 2018 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. Sweet potato production peaked at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

The average yield of sweet potatoes in Uruguay reduced slightly to X tons per ha in 2023, therefore, remained relatively stable against the year before. Overall, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the yield increased by X% against the previous year. The sweet potato yield peaked at X tons per ha in 2020; however, from 2021 to 2023, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the total area harvested in terms of sweet potatoes production in Uruguay dropped modestly to X ha, approximately reflecting 2022 figures. In general, the harvested area, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the harvested area increased by X%. As a result, the harvested area attained the peak level of X ha. From 2017 to 2023, the growth of the sweet potato harvested area remained at a somewhat lower figure.

Sweet Potato Exports

Exports from Uruguay

In 2023, the amount of sweet potatoes exported from Uruguay fell notably to X tons, declining by X% on the previous year's figure. In general, exports showed a abrupt decline. The pace of growth was the most pronounced in 2014 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2015 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, sweet potato exports expanded slightly to $X in 2023. Over the period under review, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports reached the peak of $X. From 2015 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for sweet potato exports from Uruguay, accounting for a approx. X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of volume to the UK stood at X%.

In value terms, the UK ($X) also remains the key foreign market for sweet potatoes exports from Uruguay.

From 2012 to 2023, the average annual rate of growth in terms of value to the UK totaled X%.

Export Prices by Country

The average sweet potato export price stood at $X per ton in 2023, picking up by X% against the previous year. Over the period under review, the export price posted a resilient increase. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. The export price peaked in 2023 and is expected to retain growth in the immediate term.

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

From 2012 to 2023, the rate of growth in terms of prices for the UK amounted to X% per year.

Sweet Potato Imports

Imports into Uruguay

In 2023, sweet potato imports into Uruguay skyrocketed to X tons, picking up by X% on 2022 figures. Over the period under review, imports saw a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2023, imports failed to regain momentum.

In value terms, sweet potato imports skyrocketed to $X in 2023. In general, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2020; afterwards, it flattened through to 2023.

Imports by Country

In 2023, Brazil (X tons) constituted the largest sweet potato supplier to Uruguay, accounting for a X% share of total imports. Moreover, sweet potato imports from Brazil exceeded the figures recorded by the second-largest supplier, Argentina (X tons), fourfold.

From 2012 to 2023, the average annual rate of growth in terms of volume from Brazil totaled X%.

In value terms, Brazil ($X) constituted the largest supplier of sweet potatoes to Uruguay, comprising X% of total imports. The second position in the ranking was taken by Argentina ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value from Brazil amounted to X%.

Import Prices by Country

In 2023, the average sweet potato import price amounted to $X per ton, surging by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The growth pace was the most rapid in 2016 when the average import price increased by X%. The import price peaked in 2023 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Brazil (X%).

Source: IndexBox Platform