Uruguay: Cosmetics Market 2022

Cosmetics Market Size in Uruguay

In 2021, the Uruguayan cosmetics market increased by X% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. Cosmetics consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Cosmetics Exports

Exports from Uruguay

Cosmetics exports from Uruguay stood at X tons in 2021, rising by X% compared with 2020. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, cosmetics exports stood at $X in 2021. The total export value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of X%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X tons) was the main destination for cosmetics exports from Uruguay, with a X% share of total exports. Moreover, cosmetics exports to Hong Kong SAR exceeded the volume sent to the second major destination, Chile (X tons), ninefold. The third position in this ranking was taken by Australia (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Hong Kong SAR totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+X% per year) and Australia (+X% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for cosmetics exports from Uruguay, comprising X% of total exports. The second position in the ranking was taken by Australia ($X), with a X% share of total exports. It was followed by Chile, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Hong Kong SAR totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+X% per year) and Chile (+X% per year).

Export Prices by Country

In 2021, the average cosmetics export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2020, and then declined modestly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Cosmetics Imports

Imports into Uruguay

In 2021, supplies from abroad of cosmetics decreased by -X% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, cosmetics imports expanded markedly to $X in 2021. The total import value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Argentina (X tons) constituted the largest cosmetics supplier to Uruguay, with a X% share of total imports. Moreover, cosmetics imports from Argentina exceeded the figures recorded by the second-largest supplier, Mexico (X tons), twofold. Chile (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Argentina amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+X% per year) and Chile (+X% per year).

In value terms, Argentina ($X) constituted the largest supplier of cosmetics to Uruguay, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Argentina was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and the United States (+X% per year).

Import Prices by Country

The average cosmetics import price stood at $X per ton in 2021, with an increase of X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Panama ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform