Extracts and juices of meat, fish and aquatic invertebrates market in Uruguay

Earlier Report Observations

The Uruguayan market for extracts and juices of meat, fish, and aquatic invertebrates displayed considerable volatility between 2018 and 2023, with volume peaking at 92 tons in 2019 before declining to 82 tons the following year. A sharp contraction to 68 tons occurred in 2021, directly linked to prolonged red tide events along the coasts of Rocha and Maldonado. The national fisheries authority, Dinara, imposed extraction and commercial bans on bivalve mollusks like mussels and clams to protect public health, severely limiting the supply of a key raw material for these products.

Market volume partially recovered to 84 tons in 2022 but fell again to 68 tons in 2023. Regulatory measures related to red tide risks have persisted, continuing to shape supply conditions. Furthermore, the processing landscape has seen increased concentration, with companies like Pixal playing a significant role in the aquaculture and fishing sector, influencing market structure.

Production extracts and juices of meat, fish and aquatic invertebrates in Uruguay

In kind, 2017-2020, t

Between 2017 and 2020, Uruguay ranked as the 26th largest global producer of extracts and juices of meat, fish, and aquatic invertebrates.

Top producers of extracts and juices of meat, fish and aquatic invertebrates, 2017-2020

World map of production of extracts and juices of meat, fish and aquatic invertebrates, 2017-2020

Uruguay's production of extracts and juices of meat, fish, and aquatic invertebrates fell for the second year in a row. In 2020, output reached 116.6 t, marking a 9.7% decrease from 2019. Over the 2017-2020 period, production dropped by 12.9%, averaging an annual decline of 4.5%. The peak was in 2018 at 133.8 t, with the largest increase also occurring that year at 0.0%.

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

In value, 2017-2020, K $ US

Following two years of growth, Uruguay's production of extracts and juices of meat, fish, and aquatic invertebrates declined. In 2020, the output was valued at 2 451 K $ US, a significant 11.7% drop from the previous year. From 2017 to 2020, production rose by 2.7%, with a compound annual growth rate of 0.9%. The highest value was recorded in 2019 at 2 776 K $ US, while the largest increase happened in 2018 at 12.5%.

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

Exports extracts and juices of meat, fish and aquatic invertebrates from Uruguay

Exports in kind, kg

Uruguay's exports of extracts and juices of meat, fish, and aquatic invertebrates in volume terms decreased for the second consecutive year. In 2020, exports totaled 35 103 kg, a 5.9% reduction compared to 2019. Between 2017 and 2020, exports fell by 39.2%, averaging an annual decline of 15.3%. The maximum volume was in 2018 at 66 574 kg, with the largest drop occurring in 2019 at 44.0% and the biggest increase in 2018 at 15.3%.

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

From 2017 to 2020, Uruguay's export structure in volume terms was highly concentrated, with Japan accounting for 100.0% of total flows.

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

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

Exports in value, K $ US

Uruguay's exports of extracts and juices of meat, fish, and aquatic invertebrates in value terms declined for the second year in a row. In 2020, exports amounted to 738 K $ US, an 8.0% decrease from the previous year. Over the 2017-2020 period, exports dropped by 28.3%, with an average annual decline of 10.5%. The peak value was in 2018 at 1 336 K $ US, with the largest decline in 2019 at 39.9% and the biggest increase in 2018 at 29.7%.

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

Between 2017 and 2020, Uruguay's exports of extracts and juices of meat, fish, and aquatic invertebrates were primarily directed to Japan, which accounted for 100.0% of total export value.

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

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

Imports extracts and juices of meat, fish and aquatic invertebrates to Uruguay

Imports in kind, kg

In 2020, Uruguay imported approximately 788 kg of extracts and juices of meat, fish, and aquatic invertebrates, a slight increase of 0.8% from 2019. From 2017 to 2020, imports grew by 3.4%, averaging an annual rise of 1.1%.

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

During 2017-2020, imports of extracts and juices of meat, fish, and aquatic invertebrates to Uruguay were mainly sourced from Spain, which represented 99.1% of total import volume.

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

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

Imports in value, K $ US

Uruguay imported 12 K $ US worth of extracts and juices of meat, fish, and aquatic invertebrates in 2020, remaining broadly stable compared to 2019. Over the 2017-2020 period, imports decreased by 6.9%, with a compound annual growth rate of -2.3%.

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

Throughout 2017-2020, Spain was the dominant and nearly exclusive source for Uruguay's imports of extracts and juices of meat, fish, and aquatic invertebrates in value terms, holding a 99.1% share.

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

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