Market research

Corn oil and fractions market in Uruguay

$Corn oil and fractions market in Uruguay$

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

From 2018 to 2023, production of corn oil in Uruguay steadily increased from 5 400 t to 6 500 t. The total market volume fluctuated, peaking at 7 646 t in 2022 due to favorable climatic conditions for corn cultivation and supportive government policies that boosted agricultural output, then slightly declined to 7 606 t in 2023. The production growth in 2022 was directly driven by improved corn yields, which expanded the raw material base for oil processing.

The market is highly concentrated, with C.O.U.S.A. remaining the sole processor of oilseeds and producer of oils, including corn oil, influencing local supply. Additionally, Uruguay's long-term participation in Mercosur has shaped the competitive landscape of the edible oil sector over more than two decades, affecting trade flows and market strategies.

Regulatory changes also played a role, starting with the 2019 introduction of standards for edible oil refining processes and mandatory quality norms for corn trading, which affected production practices. Further modifications to regulations governing the import and sale of edible oils were enacted in 2024, though their immediate impact on corn oil market volumes has not yet been fully observed in the available data.

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. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Uruguay in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Uruguay by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Uruguay in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Uruguay by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Uruguay, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to Uruguay by countries, 2018-2024, $ US/kg
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Uruguay in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Uruguay by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Uruguay in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Uruguay by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Uruguay, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to Uruguay by countries, 2018-2024, $ US/kg
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Uruguay in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Uruguay by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Uruguay in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Uruguay by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Uruguay, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from Uruguay by countries, 2018-2024, $ US/kg
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Uruguay in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Uruguay by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Uruguay in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Uruguay by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Uruguay, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from 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 corn oil and fractions in Uruguay

In kind, 2017-2020, t

Top producers of corn oil and fractions, 2017-2020

Source: SHEV.io

World map of production of corn oil and fractions, 2017-2020

Source: SHEV.io

Uruguay's corn oil and fractions production has grown for the third year in a row. In 2020, the country produced 5 800 tonnes, a modest 3.6% increase from the previous year. From 2017 to 2020, production rose by 11.5%, with an average annual growth rate of 3.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	3.8%	3.7%	3.6%	3.7%

Source: SHEV.io

Exports corn oil and fractions from Uruguay

Exports in kind, t

In 2020, Uruguay exported 497 tonnes of corn oil and fractions, remaining virtually unchanged from the previous year. Between 2018 and 2020, exports surged by 5 676 928.6%, translating to an annualized growth rate of 3 743.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

From 2017 to 2020, all of Uruguay's corn oil and fractions exports in volume terms went to Brazil, making this market overwhelmingly dominant.

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 corn oil and fractions exports in 2020 were valued at 665 thousand US dollars, showing relative stability compared to the prior year. Between 2018 and 2020, export value increased by 426 390.4%, with an annualized rate of 1 521.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

In value terms, Uruguay's corn oil and fractions exports from 2017 to 2020 were almost entirely concentrated in Brazil, which accounted for 100.0% of the total.

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 corn oil and fractions to Uruguay

Imports in kind, t

In 2020, Uruguay imported 2 083 tonnes of corn oil and fractions, a significant 54.7% increase from 2019. Between 2017 and 2020, imports grew by 30.3%, with an average annual rate of 9.2%. The lowest volume was recorded in 2019 at 1 346 tonnes, which also saw the largest decline of 23.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	9.5%	(23.1%)	54.7%	9.2%

Source: SHEV.io

From 2017 to 2020, Argentina and Brazil accounted for all of Uruguay's corn oil and fractions imports in volume terms, jointly capturing 100.0% of the total.

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 shows irregular changes, indicating a volatile market environment. Imports reached a low in 2019 and peaked in 2020, with a 1.9-fold difference between these years. In 2020, the value of corn oil and fractions imports into Uruguay stood at 2 280 thousand US dollars, a steep 95.0% gain compared to 2019. The minimum value was recorded in 2019 at 1 169 thousand US dollars, which also experienced the largest decline of 31.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(4.0%)	(31.8%)	95.0%	8.5%

Source: SHEV.io

From 2017 to 2020, Argentina and Brazil captured nearly all of Uruguay's corn oil and fractions imports in value terms, jointly accounting for 100.0% of the 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