Uruguay: Eye Make-Up Preparations Market 2024

Eye Make-Up Preparations Market Size in Uruguay

After two years of decline, the Uruguayan eye make-up preparations market increased by 72% to $X in 2022. Over the period under review, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Eye Make-Up Preparations Exports

Exports from Uruguay

In 2022, overseas shipments of eye make-up preparations increased by 13% to X tons, rising for the second consecutive year after two years of decline. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 311%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, eye make-up preparations exports reduced to $X in 2022. Overall, exports, however, continue to indicate a mild descent. The most prominent rate of growth was recorded in 2017 with an increase of 284%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for eye make-up preparations exports from Uruguay, accounting for a 77% share of total exports. Moreover, eye make-up preparations exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +3.6%.

In value terms, the United States ($X) remains the key foreign market for eye make-up preparations exports from Uruguay, comprising 65% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 5.7% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to -2.6%.

Export Prices by Country

The average eye make-up preparations export price stood at $X per ton in 2022, dropping by -21% against the previous year. In general, the export price continues to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2014 when the average export price increased by 13%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+3.9%), while the prices for the other major destinations experienced mixed trend patterns.

Eye Make-Up Preparations Imports

Imports into Uruguay

In 2022, purchases abroad of eye make-up preparations was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, eye make-up preparations imports surged to $X in 2022. The total import value increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest eye make-up preparations supplier to Uruguay, accounting for a 51% share of total imports. Moreover, eye make-up preparations imports from China exceeded the figures recorded by the second-largest supplier, Argentina (X tons), threefold. The United States (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +18.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-2.5% per year) and the United States (+6.2% per year).

In value terms, the largest eye make-up preparations suppliers to Uruguay were China ($X), the United States ($X) and Argentina ($X), together comprising 68% of total imports. France, Colombia, Paraguay, Mexico and Brazil lagged somewhat behind, together comprising a further 23%.

Paraguay, with a CAGR of +29.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average eye make-up preparations import price amounted to $X per ton, stabilizing at the previous year. Over the period under review, the import price recorded a perceptible decline. The growth pace was the most rapid in 2021 an increase of 8.2% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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