Uruguay: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in Uruguay

The Uruguayan odoriferous substance mixture market was finally on the rise to reach $X in 2022, after five years of decline. Over the period under review, consumption saw a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Odoriferous Substance Mixture Production in Uruguay

In value terms, odoriferous substance mixture production rose slightly to $X in 2022 estimated in export price. Overall, production showed a resilient expansion. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Odoriferous substance mixture production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Odoriferous Substance Mixture Exports

Exports from Uruguay

After ten years of growth, shipments abroad of mixtures of odoriferous substances and their preparations decreased by X% to X tons in 2022. Overall, exports recorded a precipitous shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then plummeted in the following year.

In value terms, odoriferous substance mixture exports declined markedly to $X in 2022. In general, exports showed a sharp contraction. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then declined dramatically in the following year.

Exports by Country

Argentina (X tons), Ecuador (X tons) and Paraguay (X tons) were the main destinations of odoriferous substance mixture exports from Uruguay, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Argentina (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, Ecuador ($X) emerged as the key foreign market for mixtures of odoriferous substances and their preparations exports from Uruguay, comprising X% of total exports. The second position in the ranking was taken by Argentina ($X), with a X% share of total exports. It was followed by Paraguay, with a X% share.

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

Export Prices by Country

In 2022, the average odoriferous substance mixture export price amounted to $X per ton, which is down by X% against the previous year. In general, the export price continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while the average price for exports to Argentina ($X per ton) was amongst the lowest.

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

Odoriferous Substance Mixture Imports

Imports into Uruguay

Odoriferous substance mixture imports into Uruguay reduced modestly to X tons in 2022, approximately reflecting the previous year's figure. In general, total imports indicated noticeable growth from 2012 to 2022: its volume 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, imports decreased by X% against 2018 indices. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, odoriferous substance mixture imports declined modestly to $X in 2022. Over the period under review, total imports indicated strong growth 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, imports decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Argentina (X tons) constituted the largest odoriferous substance mixture supplier to Uruguay, with a X% share of total imports. Moreover, odoriferous substance mixture imports from Argentina exceeded the figures recorded by the second-largest supplier, Free Zones (X tons), fourfold. Brazil (X tons) 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 stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Free Zones (X% per year) and Brazil (X% per year).

In value terms, Argentina ($X) constituted the largest supplier of mixtures of odoriferous substances and their preparations to Uruguay, comprising X% of total imports. The second position in the ranking was held by Free Zones ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Argentina amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Free Zones (X% per year) and Brazil (X% per year).

Import Prices by Country

The average odoriferous substance mixture import price stood at $X per ton in 2022, declining by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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