Uruguay: Chemical Contraceptive Preparations Market 2024

Chemical Contraceptive Preparations Market Size in Uruguay

In 2021, after two years of growth, there was significant decline in the Uruguayan chemical contraceptive preparations market, when its value decreased by -93.2% to $X. In general, consumption saw a sharp downturn. Chemical contraceptive preparations consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Chemical Contraceptive Preparations Production in Uruguay

In value terms, chemical contraceptive preparations production declined modestly to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 10% against the previous year. As a result, production attained the peak level of $X, and then declined slightly in the following year.

Chemical Contraceptive Preparations Exports

Exports from Uruguay

After two years of decline, shipments abroad of chemical contraceptive preparations based on hormones or spermicides increased by 75% to X tons in 2021. Overall, exports posted a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, chemical contraceptive preparations exports soared to $X in 2021. In general, total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +10.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +49.1% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of 36% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Argentina (X tons) was the main destination for chemical contraceptive preparations exports from Uruguay, accounting for a 89% share of total exports. Moreover, chemical contraceptive preparations exports to Argentina exceeded the volume sent to the second major destination, Chile (X tons), more than tenfold. Free Zones (X tons) ranked third in terms of total exports with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Argentina stood at +19.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-8.8% per year) and Free Zones (-11.5% per year).

In value terms, Argentina ($X) remains the key foreign market for chemical contraceptive preparations based on hormones or spermicides exports from Uruguay, comprising 87% of total exports. The second position in the ranking was held by Chile ($X), with a 5.9% share of total exports. It was followed by Free Zones, with a 2.8% share.

From 2012 to 2021, the average annual growth rate of value to Argentina amounted to +19.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-7.9% per year) and Free Zones (-12.6% per year).

Export Prices by Country

In 2021, the average chemical contraceptive preparations export price amounted to $X per ton, falling by -24.1% against the previous year. In general, the export price recorded a noticeable decrease. The most prominent rate of growth was recorded in 2020 an increase of 12%. As a result, the export price attained the peak level of $X per ton, and then fell significantly in the following year.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Chile ($X per ton) and Free Zones ($X per ton), while the average price for exports to Argentina ($X per ton) and Paraguay ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+0.9%), while the prices for the other major destinations experienced a decline.

Chemical Contraceptive Preparations Imports

Imports into Uruguay

In 2021, the amount of chemical contraceptive preparations based on hormones or spermicides imported into Uruguay was estimated at X tons, picking up by 14% against the year before. Overall, imports, however, showed a perceptible curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 20%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, chemical contraceptive preparations imports expanded sharply to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2017 with an increase of 9.5% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Brazil (X tons), Argentina (X tons) and Colombia (X tons) were the main suppliers of chemical contraceptive preparations imports to Uruguay, with a combined 80% share of total imports. These countries were followed by Germany, Finland, Mexico and the Netherlands, which together accounted for a further 18%.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +30.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constituted the largest supplier of chemical contraceptive preparations based on hormones or spermicides to Uruguay, comprising 41% of total imports. The second position in the ranking was held by Finland ($X), with an 18% share of total imports. It was followed by Colombia, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Brazil stood at -10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+10.0% per year) and Colombia (-1.7% per year).

Import Prices by Country

In 2021, the average chemical contraceptive preparations import price amounted to $X per ton, which is down by -4.7% against the previous year. Overall, the import price showed a noticeable curtailment. The most prominent rate of growth was recorded in 2018 an increase of 17% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Finland ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+8.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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