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Agriculture in Uruguay: Growth, Trends and Forecast (2020 - 2025)
The Uruguay Agriculture Market Report analyzes the major crops and cereals, their production, trade, and consumption trends, along with the value chain involved. On the basis of crop type, the market is segmented into cereals, oilseeds, fruits, and vegetables.
- ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the report
- Key Market Trends
- TABLE OF CONTENTS
Market Snapshot
Study Period:
2016-2025
Base Year:
2019
CAGR:
2.2 %
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Market Overview
Uruguay's economy remains dependent on agriculture and services. Agriculture and agri-industry account for 12% of GDP, and for about 70% of the total exports. Agriculture in Uruguay has witnessed great changes during the last decade. Uruguay’s major agricultural products are soybeans, rice, wheat, maize, sorghum, citrus fruits (mainly oranges, tangerines, lemons, and grapefruits), and deciduous fruits (mainly apples, pears, peaches, plums, quince, and nectarines). The factors driving the market are the abundant arable land, which accounts for 16.4 million hectares (93% of the country's total land area), and favorable government policies like, no limitations or restrictions on the export of agro-industrial goods.
Scope of the report
The study identifies the agriculture situation of Uruguay and predicts the growth, in terms of value, for the agriculture market. This report presents agriculture production, consumption, import, and export of major crops, market trends, government regulations, and growth forecasts. Based on the crop type, the market is segmented into food crops, oilseed, fruits, and vegetables.
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Key Market Trends
Demand from the Food and Beverage Industry
Much of the country's industrial sector is linked to agriculture. About half of all industrial production is based on food processing or the refining of agricultural products, such as leather. Food and beverage products are the largest single manufacturing sectors, with food processing accounting for 25% of production and beverages accounting for 11% in 2018.
Prepared rice, chocolate, cookies, and pasta are the main exports of Uruguay. The nation's principal food processing plants are concentrated in the towns of Fray Bentos and Paysanduu. The key markets for processed foods and beverages include Uruguay's MERCOSUR partners.
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Rice and Soybean Dominate the Cereals Segment
In 2018, rice and soybean were the leading crops in terms of production in Uruguay with 1.36 and 1.33 million metric ton, respectively. The main reason for the high production of rice and soybean is their demand in the international market. Only 20% of rice produced is consumed locally and 80% of the rice is exported to other countries. Uruguay is the 7th largest exporter of soybean in the world with an export value of USD 10 billion in 2019. Maize, barley, wheat, sorghum, and oats are the other cereals grown in Uruguay.
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Table Of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.4 Market Restraints
4.5 Value Chain Analysis
5. MARKET SEGMENTATION
5.1 Crop Type
5.1.1 Cereals
5.1.1.1 Production Analysis
5.1.1.2 Consumption Analysis and Market Value
5.1.1.3 Import Market Analysis (Volume and Value)
5.1.1.4 Export Market Analysis (Volume and Value)
5.1.1.5 Price Trend Analysis
5.1.2 Oilseeds
5.1.2.1 Production Analysis
5.1.2.2 Consumption Analysis and Market Value
5.1.2.3 Import Market Analysis (Volume and Value)
5.1.2.4 Export Market Analysis (Volume and Value)
5.1.2.5 Price Trend Analysis
5.1.3 Fruits
5.1.3.1 Production Analysis
5.1.3.2 Consumption Analysis and Market Value
5.1.3.3 Import Market Analysis (Volume and Value)
5.1.3.4 Export Market Analysis (Volume and Value)
5.1.3.5 Price Trend Analysis
5.1.4 Vegetables
5.1.4.1 Production Analysis
5.1.4.2 Consumption Analysis and Market Value
5.1.4.3 Import Market Analysis (Volume and Value)
5.1.4.4 Export Market Analysis (Volume and Value)
5.1.4.5 Price Trend Analysis
5.1.5 Other Crops
5.1.5.1 Production Analysis
5.1.5.2 Consumption Analysis and Market Value
5.1.5.3 Import Market Analysis (Volume and Value)
5.1.5.4 Export Market Analysis (Volume and Value)
5.1.5.5 Price Trend Analysis
6. MARKET OPPORTUNITIES AND FUTURE TRENDS
7. IMPACT OF COVID-19
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