Key Market Indicators
Uruguayan grain production is projected to climb to approximately 3.44 million metric tons by 2028, up from an estimated 3.38 million metric tons in 2023. This marks a modest annual growth rate of 0.3%. Since 1966, Uruguay's grain output has consistently increased, averaging a year-on-year growth of 6.1%. Despite this upward trend, Uruguay ranked 72nd in global grain production in 2023, with Angola narrowly ahead, producing around 3.38 million metric tons as well. On the global stage, the leading grain producers are the United States, India, and Brazil, occupying the second, third, and fourth positions, respectively.
