Market research

Beef, sheep or goat fat market in Uruguay

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The market volume for beef, sheep, and goat fat in Uruguay showed considerable fluctuation from 2018 to 2023. A consecutive decline in demand for beef and sheep meat until 2018 contributed to a subdued market, which then fell sharply to 37.3 thousand tons in 2020 as a significant reduction in sheep stocks lowered production.

Market volume recovered to 46.2 thousand tons in 2021 but contracted again to 43.1 thousand tons in 2022, partly due to rising beef prices until mid-year that influenced consumer preferences. In 2023, the market grew to 51.8 thousand tons even amid sectoral challenges, including high tariff burdens in key export markets and a further 9.4% drop in sheep stocks.

Developments in 2024 included the opening of new international markets for sheep meat, a strategic plan to increase cattle slaughter rates, and shifts in domestic meat consumption, all occurring within a competitive global landscape.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Uruguay
  1. 5.1.1. Annual dynamics of production in Uruguay in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Uruguay in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, K t
    1. 6.1.2.1. Annual dynamics of product's exports from Uruguay in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's exports in kind from Uruguay by countries, 2018-2024, K t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Uruguay in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Uruguay by countries, 2018-2024, M $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's exports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Uruguay, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's exports from Uruguay by countries, 2018-2024, $ US/t
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, K t
    1. 6.2.2.1. Annual dynamics of product's exports from Uruguay in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's exports in kind from Uruguay by countries, 2018-2024, K t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Uruguay in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Uruguay by countries, 2018-2024, M $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's exports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Uruguay, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's exports from Uruguay by countries, 2018-2024, $ US/t
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, K t
    1. 7.1.2.1. Annual dynamics of product's imports to Uruguay in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's imports in kind to Uruguay by countries, 2018-2024, K t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Uruguay in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Uruguay by countries, 2018-2024, M $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's imports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Uruguay, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's imports to Uruguay by countries, 2018-2024, $ US/t
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, K t
    1. 7.2.2.1. Annual dynamics of product's imports to Uruguay in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's imports in kind to Uruguay by countries, 2018-2024, K t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Uruguay in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Uruguay by countries, 2018-2024, M $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's imports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Uruguay, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's imports to Uruguay by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K t
  2. 8.2.2. In value, M $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production beef, sheep or goat fat in Uruguay

In kind, 2017-2020, t

Between 2017 and 2020, Uruguay ranked 17th globally in production volume for beef, sheep, or goat fat, establishing itself as one of the world's leading producers in this category.

Top producers of beef, sheep or goat fat, 2017-2020

Source: SHEV.io

World map of production of beef, sheep or goat fat, 2017-2020

Source: SHEV.io

Uruguay's production of beef, sheep, or goat fat declined for the third year in a row. In 2019, output was 99 800 tonnes, but by 2020, it had dropped to 91 357 tonnes, marking an 8.4% decrease. Over the entire period from 2017 to 2020, production fell by 12%, which translates to an average annual decline of 4.2%.

Annual dynamics of production in Uruguay in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(0.8%)	(3.1%)	(8.4%)	(4.2%)

Source: SHEV.io

In value, 2017-2020, K $ US

Uruguay's production value for beef, sheep, or goat fat increased for the second consecutive year. In 2020, the output was valued at 61 845 thousand US dollars, up 11.7% from 2019. From 2017 to 2020, the value rose by 2.2%, with a compound annual growth rate of 0.7%. The lowest value occurred in 2018 at 54 321 thousand US dollars, which also saw the largest decline of 10.2%.

Annual dynamics of production in Uruguay in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(10.2%)	1.9%	11.7%	0.7%

Source: SHEV.io

Exports beef, sheep or goat fat from Uruguay

Exports in kind, t

Uruguay's export volume of beef, sheep, or goat fat declined for the third consecutive year. In 2020, exports totaled 61 703 tonnes, remaining broadly stable compared to 2019. Over the period from 2017 to 2020, exports decreased by 6.2%, with a compound annual growth rate of -2.1%.

Annual dynamics of product's exports from Uruguay in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(4.0%)	(2.0%)	(0.3%)	(2.1%)

Source: SHEV.io

From 2017 to 2020, the Netherlands, Brazil, and Nigeria were the core markets for Uruguay's exports in kind. The Netherlands accounted for 24.5% of exports, Brazil for 18.6%, and Nigeria for 11.7%, together representing 54.8% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Uruguay in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

Uruguay's export value for beef, sheep, or goat fat increased for the second year in a row. In 2020, exports reached 41 770 thousand US dollars, a strong increase of 21.6% compared to 2019. Between 2017 and 2020, export value grew by 8.9%, equating to an annualized rate of 2.9%. The minimum value was recorded in 2018 at 33 306 thousand US dollars, which also experienced the largest decline of 13.1%.

Annual dynamics of product's exports from Uruguay in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(13.1%)	3.1%	21.6%	2.9%

Source: SHEV.io

In the period from 2017 to 2020, the Netherlands, Brazil, and China were the principal destinations for Uruguay's exports in value terms. The Netherlands held 22.5% of exports, Brazil 18.9%, and China 11.1%, jointly accounting for 52.4% of total export flows.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Uruguay in value, 2017-2020

Source: SHEV.io

Imports beef, sheep or goat fat to Uruguay

Imports in kind, t

Uruguay's import volume of beef, sheep, or goat fat increased for the third consecutive year. In 2020, imports registered 7 616 tonnes, a modest rise of 8.7% compared to 2019. Over the period from 2017 to 2020, imports surged by 130.4%, with a compound annual growth rate of 32.1%.

Annual dynamics of product's imports to Uruguay in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	71.9%	23.3%	8.7%	32.1%

Source: SHEV.io

From 2017 to 2020, Argentina and Paraguay dominated Uruguay's imports in kind, with a combined share of 99.7% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Uruguay in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

Uruguay's import value for beef, sheep, or goat fat increased for the third year in a row. In 2020, imports stood at 4 156 thousand US dollars, which is 14.0% higher than in 2019. Over the period from 2017 to 2020, import value rose by 77.2%, with a compound annual growth rate of 21.0%.

Annual dynamics of product's imports to Uruguay in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	33.8%	16.2%	14.0%	21.0%

Source: SHEV.io

Throughout 2017 to 2020, Argentina and Paraguay were the key markets for Uruguay's imports in value terms. Argentina accounted for 89.3% of total flows, and Paraguay for 9.9%, together forming 99.2% of total import flows.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Uruguay in value, 2017-2020

Source: SHEV.io