Potato Market Overview in Uruguay
In value terms, potato production declined markedly to $ in estimated in export prices. Over the period under review, production continues to indicate a noticeable decrease. The growth pace was the most rapid in 2018 when the production volume increased by % against the previous year. As a result, production attained the peak level of $. from 2019 to , production growth remained at a somewhat lower figure.
In , the average yield of potatoes in Uruguay reached tonnes per ha, increasing by % against the year before. The yield figure increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2010 with an increase of % y-o-y. Over the period under review, the average potato yield attained the peak level in and is likely to see gradual growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In , approx. ha of potatoes were harvested in Uruguay; waning by -% compared with the year before. Over the period under review, the harvested area continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2017 with an increase of % y-o-y. The potato harvested area peaked at ha in 2007; however, from 2008 to , the harvested area failed to regain the momentum.
The revenue of the potato market in Uruguay contracted sharply to $ in , reducing by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a pronounced decrease. The pace of growth was the most pronounced in 2018 with an increase of % year-to-year. Potato consumption peaked at $ in 2007; however, from 2008 to , consumption failed to regain the momentum.