Market research

Groundnut oil and fractions market in Uruguay

$Groundnut oil and fractions market in Uruguay$

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 2019, the market volume for groundnut oil in Uruguay contracted from 321 t to 272 t. This decline coincided with the introduction of Decreto 80/2019, which updated the National Bromatological Regulations for animal fats and oils, imposing new hygienic-sanitary standards for the handling, storage, and transport of edible oils. These stricter requirements likely increased compliance costs for producers, temporarily constraining output.

Market volume recovered to 290 t in 2020 despite the COVID-19 pandemic disrupting international supply chains and affecting regional demand. Growth continued to 302 t in 2021. In 2022, the market reached a peak of 327 t, supported by 22 t of imports and regulatory modifications to the National Bromatological Regulations that streamlined compliance. Front-of-pack warning labeling for excess fats, enforced from 2021, did not prevent this expansion.

A sharp drop to 270 t occurred in 2023. This followed the enactment of Decreto 381/023 and Decreto 159/023, which further updated Mercosur-aligned food standards and modified fatty acid composition parameters for vegetable oils. These regulatory changes likely compelled producers to adjust operations, contributing to the reduced market volume.

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, kg
    1. 6.1.2.1. Annual dynamics of product's imports to Uruguay in kind, 2018-2024, kg
    2. 6.1.2.2. Dynamics of product's imports in kind to Uruguay by countries, 2018-2024, kg
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Uruguay in value, 2018-2024, $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Uruguay by countries, 2018-2024, $ 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, kg
    1. 6.2.2.1. Annual dynamics of product's imports to Uruguay in kind, 2018-2024, kg
    2. 6.2.2.2. Dynamics of product's imports in kind to Uruguay by countries, 2018-2024, kg
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Uruguay in value, 2018-2024, $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Uruguay by countries, 2018-2024, $ 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. Trade balance
1. 7.1. Trade balance (Direct Data)
  1. 7.1.1. In kind, kg
  2. 7.1.2. In value, $ US
2. 7.2. Trade balance (Mirror Data)
  1. 7.2.1. In kind, kg
  2. 7.2.2. In value, $ US
8. Top buying and selling countries, 2018-2024
1. 8.1. Direct Data
  1. 8.1.1. Import in Value by Countries-buyers
  2. 8.1.2. Export in Value by Countries-suppliers
2. 8.2. Mirror Data
  1. 8.2.1. Import in Value by Countries-buyers
  2. 8.2.2. Export in Value by Countries-suppliers

Production groundnut oil and fractions in Uruguay

In kind, 2017-2020, t

Top producers of groundnut oil and fractions, 2017-2020

Source: SHEV.io

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

Source: SHEV.io

In 2019, Uruguay's production of groundnut oil and fractions reached its lowest point at 271.7 tonnes. This was followed by a moderate increase to 289.4 tonnes in 2020, representing a 6.5% year-over-year rise. Looking at the broader period from 2017 to 2020, production overall decreased by 6.9%, which translates to an average annual decline of 2.4%. The peak production occurred in 2018 at 321.0 tonnes, with the largest single-year drop of 15.4% recorded in 2019.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	3.3%	(15.4%)	6.5%	(2.4%)

Source: SHEV.io

Exports groundnut oil and fractions from Uruguay

Based on desk research, Uruguay did not export any groundnut oil and fractions between 2017 and 2020.

Imports groundnut oil and fractions to Uruguay

Imports in kind, kg

Uruguay's imports of groundnut oil and fractions stood at 309.3 kilograms in 2020, marking a sharp increase of 277.1% compared to the previous year. Over the period from 2017 to 2020, imports surged by 1 833.1%, averaging an annual growth rate of 168.4%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	277.1%	n/a	n/a	168.4%

Source: SHEV.io

From 2017 to 2020, the United States was the primary supplier of groundnut oil and fractions to Uruguay, accounting for 80.2% of total imports in volume. The remaining share was distributed among a diverse group of other countries.

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, $ US

The market exhibited volatility during the observed period. Imports bottomed out in 2018 and peaked in 2020, with a 76-fold difference between these years. In 2020, Uruguay imported approximately 6 618 US dollars worth of groundnut oil and fractions, which represented a sharp decline of 89.2% compared to the previous year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(89.2%)	n/a	n/a	101.5%

Source: SHEV.io

Throughout 2017 to 2020, the United States dominated Uruguay's imports of groundnut oil and fractions in value terms, holding 88.1% of the total. The remaining value was shared among numerous countries, each with smaller individual shares.

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