Uruguay: Soft Drink Market 2024

Soft Drink Market Size in Uruguay

The Uruguayan soft drink market expanded slightly to $X in 2022, with an increase of X% against the previous year. In general, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Soft drink consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Soft Drink Production in Uruguay

In value terms, soft drink production reached $X in 2022 estimated in export price. Over the period under review, the total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Soft Drink Exports

Exports from Uruguay

Soft drink exports from Uruguay surged to X litres in 2022, increasing by X% against the previous year's figure. Overall, exports posted a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, soft drink exports surged to $X in 2022. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2017 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Chile (X litres) was the main destination for soft drink exports from Uruguay, accounting for a X% share of total exports. Moreover, soft drink exports to Chile exceeded the volume sent to the second major destination, Paraguay (X litres), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Chile totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (X% per year) and Cuba (X% per year).

In value terms, Chile ($X) remains the key foreign market for soft drinks exports from Uruguay, comprising X% of total exports. The second position in the ranking was held by Paraguay ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Chile amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (X% per year) and Cuba (X% per year).

Export Prices by Country

In 2022, the average soft drink export price amounted to $X per litre, shrinking by X% against the previous year. Over the period under review, the export price saw a noticeable reduction. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per litre. From 2017 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Paraguay ($X per litre), while the average price for exports to Chile ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cuba (X%), while the prices for the other major destinations experienced a decline.

Soft Drink Imports

Imports into Uruguay

After three years of growth, purchases abroad of soft drinks decreased by X% to X litres in 2022. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports hit record highs at X litres in 2021, and then contracted in the following year.

In value terms, soft drink imports surged to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Argentina (X litres) constituted the largest soft drink supplier to Uruguay, with a X% share of total imports. Moreover, soft drink imports from Argentina exceeded the figures recorded by the second-largest supplier, Mexico (X litres), fourfold. Austria (X litres) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Argentina was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Austria (X% per year).

In value terms, Argentina ($X), Mexico ($X) and Austria ($X) constituted the largest soft drink suppliers to Uruguay, together comprising X% of total imports.

In terms of the main suppliers, Mexico, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average soft drink import price amounted to $X per litre, surging by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per litre), while the price for Argentina ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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