Uruguay: Bacon And Ham Market 2024

Bacon And Ham Market Size in Uruguay

The Uruguayan bacon and ham market fell to $X in 2022, declining by X% against the previous year. In general, consumption continues to indicate a abrupt decline. Bacon and ham consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Bacon And Ham Production in Uruguay

In value terms, bacon and ham production contracted to $X in 2022 estimated in export price. Overall, production recorded a deep contraction. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. Bacon and ham production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Bacon And Ham Exports

Exports from Uruguay

In 2022, exports of bacon, ham and other dried, salted or smoked pig meat from Uruguay soared to X tons, growing by X% on the year before. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, bacon and ham exports surged to $X in 2022. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for bacon and ham exports from Uruguay, accounting for a X% share of total exports. Moreover, bacon and ham exports to Spain exceeded the volume sent to the second major destination, Paraguay (X kg), sevenfold.

From 2017 to 2022, the average annual rate of growth in terms of volume to Spain amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (X% per year) and the UK (X% per year).

In value terms, Spain ($X) emerged as the key foreign market for bacon, ham and other dried, salted or smoked pig meat exports from Uruguay, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with a X% share of total exports.

From 2017 to 2022, the average annual growth rate of value to Spain totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Paraguay (X% per year).

Export Prices by Country

The average bacon and ham export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price, however, recorded a perceptible decline. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Paraguay ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced a decline.

Bacon And Ham Imports

Imports into Uruguay

In 2022, purchases abroad of bacon, ham and other dried, salted or smoked pig meat increased by X% to X tons for the first time since 2017, thus ending a four-year declining trend. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, bacon and ham imports soared to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Spain (X tons) constituted the largest bacon and ham supplier to Uruguay, accounting for a X% share of total imports. Moreover, bacon and ham imports from Spain exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Italy (X% per year).

In value terms, Spain ($X) constituted the largest supplier of bacon, ham and other dried, salted or smoked pig meat to Uruguay, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the average bacon and ham import price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price continues to indicate a perceptible decline. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Italy ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform