Uruguay: Market for Shampoos, Hair Lacquers And Other Preparations 2024

Market Size for Shampoos, Hair Lacquers And Other Preparations in Uruguay

The Uruguayan market for shampoos, hair lacquers and other preparations contracted modestly to $X in 2022, shrinking by -4.7% against the previous year. In general, consumption recorded a relatively flat trend pattern. Consumption of peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Shampoos, Hair Lacquers And Other Preparations in Uruguay

In value terms, production of shampoos, hair lacquers and other preparations contracted to $X in 2022 estimated in export price. In general, production faced a deep downturn. The most prominent rate of growth was recorded in 2021 when the production volume increased by 13% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Shampoos, Hair Lacquers And Other Preparations

Exports from Uruguay

In 2022, exports of shampoos, hair lacquers and other preparations from Uruguay reduced rapidly to X tons, waning by -61.6% against the previous year's figure. In general, exports saw a pronounced contraction. The most prominent rate of growth was recorded in 2018 with an increase of 428% against the previous year. Over the period under review, the exports of reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of shampoos, hair lacquers and other preparations fell significantly to $X in 2022. Overall, exports, however, recorded a measured expansion. The pace of growth was the most pronounced in 2018 with an increase of 345% against the previous year. Over the period under review, the exports of hit record highs at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Free Zones (X tons) and Argentina (X tons) were the main destinations of exports of shampoos, hair lacquers and other preparations from Uruguay, together comprising 79% of total exports. Chile and Spain lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +275.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Free Zones ($X) emerged as the key foreign market for shampoos, hair lacquers and other preparations exports from Uruguay, comprising 63% of total exports. The second position in the ranking was taken by the United States ($X), with a 22% share of total exports. It was followed by Argentina, with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Free Zones was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+1.3% per year) and Argentina (-15.2% per year).

Export Prices by Country

The average export price for shampoos, hair lacquers and other preparations stood at $X per ton in 2022, picking up by 60% against the previous year. Overall, the export price continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2020 an increase of 186%. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Free Zones ($X per ton), while the average price for exports to Chile ($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 the Dominican Republic (+5.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Shampoos, Hair Lacquers And Other Preparations

Imports into Uruguay

In 2022, the amount of shampoos, hair lacquers and other preparations imported into Uruguay dropped to X tons, shrinking by -6.4% against 2021. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 18%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, imports of shampoos, hair lacquers and other preparations declined to $X in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 13%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Argentina (X tons), Mexico (X tons) and Brazil (X tons) were the main suppliers of imports of shampoos, hair lacquers and other preparations to Uruguay, together comprising 91% of total imports. Spain and Chile lagged somewhat behind, together comprising a further 4.3%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +5.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest shampoo, hair lacquer and other preparations suppliers to Uruguay were Mexico ($X), Argentina ($X) and Brazil ($X), with a combined 82% share of total imports. Spain and Chile lagged somewhat behind, together comprising a further 5.6%.

In terms of the main suppliers, Spain, with a CAGR of +4.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for shampoos, hair lacquers and other preparations stood at $X per ton in 2022, remaining constant against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by 16% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average 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 Spain ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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