Market research

Cocoa butter market in Uruguay

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The market volume for cocoa butter in Uruguay declined from 101.2 tonnes in 2018 to 91.0 tonnes in 2020, then surged to a peak of 163.1 tonnes in 2022 before easing slightly to 161.0 tonnes in 2023. Domestic production rose from 29.9 tonnes in 2018 to 63.6 tonnes in 2021, but then fell back to 47.8 tonnes by 2023, while imports peaked at 115.2 tonnes in 2022.

In 2024, cocoa butter imports into Uruguay dropped sharply to 38.4 tonnes, influenced by a global cocoa supply crisis due to natural disasters in West Africa that drove prices to historic highs. The implementation of the European Union Deforestation Regulation (EUDR) from October 2024 imposed stricter traceability requirements on supply chains, and consumer demand increasingly shifted toward certified sustainable and organic products.

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, kg
  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, kg
  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, kg
  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, t
    1. 6.1.2.1. Annual dynamics of product's exports from Uruguay in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's exports in kind from Uruguay by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Uruguay in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Uruguay by countries, 2018-2024, K $ 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/kg
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Uruguay, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's exports from Uruguay by countries, 2018-2024, $ US/kg
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, t
    1. 6.2.2.1. Annual dynamics of product's exports from Uruguay in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's exports in kind from Uruguay by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Uruguay in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Uruguay by countries, 2018-2024, K $ 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/kg
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Uruguay, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's exports from Uruguay by countries, 2018-2024, $ US/kg
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, t
    1. 7.1.2.1. Annual dynamics of product's imports to Uruguay in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's imports in kind to Uruguay by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Uruguay in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Uruguay by countries, 2018-2024, K $ 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/kg
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Uruguay, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's imports to Uruguay by countries, 2018-2024, $ US/kg
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, t
    1. 7.2.2.1. Annual dynamics of product's imports to Uruguay in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's imports in kind to Uruguay by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Uruguay in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Uruguay by countries, 2018-2024, K $ 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/kg
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Uruguay, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's imports to Uruguay by countries, 2018-2024, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ 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 cocoa butter in Uruguay

In kind, 2017-2020, kg

Top producers of cocoa butter, 2017-2020

Source: SHEV.io

World map of production of cocoa butter, 2017-2020

Source: SHEV.io

Uruguay's cocoa butter production has grown for the third year in a row. In 2020, the country produced 41 880 kg of cocoa butter, representing a significant year-over-year increase of 21.8%. Looking at the period from 2017 to 2020, production rose by 67.9%, with an average annual growth rate of 18.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	20.0%	14.8%	21.8%	18.9%

Source: SHEV.io

Exports cocoa butter from Uruguay

Exports in kind, kg

The data shows irregular changes, pointing to a volatile market environment. The lowest export volume was recorded in 2018 at 53 kg, while the highest occurred in 2017, with a peak-to-trough ratio of 38 times. In 2019, Uruguay's cocoa butter exports reached 295 kg, up by 458.0% compared to 2018. The largest decline was recorded in 2018 at 97.4%.

Annual dynamics of product's exports from Uruguay in kind, 2017-2020, kg

Parameter		2018	2019	2020	CAGR
1	Change from last year	(97.4%)	458.0%	n/a	-

Source: SHEV.io

From 2017 to 2020, Brazil and Paraguay remained the dominant destinations for Uruguay's cocoa butter exports in kind, together accounting for 100.0% of total 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

There were noticeable fluctuations in market performance during this period. The lowest export value was recorded in 2018 at 1.4 K $ US, while the peak occurred in 2017, with exports changing by 6.5 times between these years. In 2019, cocoa butter exports in Uruguay totaled 3.2 K $ US, showing a sharp rise of 126.7% versus the previous year. The largest decline was recorded in 2018 at 84.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(84.5%)	126.7%	n/a	-

Source: SHEV.io

Over the 2017–2020 period, Brazil and Paraguay formed a duopoly in exports in value terms, with a combined share of 100.0% of total 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 cocoa butter to Uruguay

Imports in kind, kg

Uruguay's cocoa butter import volume declined for the second consecutive year. In 2020, the country imported 49 108 kg of cocoa butter, down by 21.4% compared to the previous year. The maximum value was recorded in 2018 at 71 331 kg, with the largest increase that year at 59.6%. Between 2017 and 2020, imports increased by 9.9%, equating to an annualized rate of 3.2%.

Annual dynamics of product's imports to Uruguay in kind, 2017-2020, kg

Parameter		2018	2019	2020	CAGR
1	Change from last year	59.6%	(12.4%)	(21.4%)	3.2%

Source: SHEV.io

From 2017 to 2020, three principal markets — Spain, Colombia, and Brazil — together accounted for 94.8% of total cocoa butter imports in kind to Uruguay.

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

The data reveals irregular changes, indicating a volatile market environment. The lowest import value was recorded in 2017, while the peak occurred in 2018, with a variation of 1.9 times between these years. In 2020, Uruguay's cocoa butter imports reached 304.6 K $ US, marking a substantial reduction of 16.1% year-over-year. The maximum value was recorded in 2018 at 473.9 K $ US. The largest increase was recorded in 2018 at 91.2%, while the largest decline occurred in 2019 at 23.4%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	91.2%	(23.4%)	(16.1%)	7.1%

Source: SHEV.io

Throughout 2017–2020, Spain (52.9% of imports in value terms), Colombia (23.5% of imports in value terms), and Brazil (16.5% of imports in value terms) formed the key group of partners for cocoa butter imports in value terms to Uruguay, jointly representing 93.0% of total 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