Uruguay: Talcum Powder Market 2024

Talcum Powder Market Size in Uruguay

The Uruguayan talcum powder market stood at $X in 2021, picking up by 13% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Talcum Powder Exports

Exports from Uruguay

In 2021, shipments abroad of talcum powder and other powders for cosmetic use decreased by -91.5% to X kg, falling for the second year in a row after three years of growth. Over the period under review, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 9,185%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, talcum powder exports shrank notably to $X in 2021. Overall, exports faced a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of 8,859%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X kg) was the main destination for talcum powder exports from Uruguay, accounting for a 94% share of total exports. Moreover, talcum powder exports to Hong Kong SAR exceeded the volume sent to the second major destination, France (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Hong Kong SAR totaled -14.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (0.0% per year) and the Netherlands (-7.4% per year).

In value terms, Hong Kong SAR ($X) emerged as the key foreign market for talcum powder exports from Uruguay, comprising 86% of total exports. The second position in the ranking was taken by France ($X), with a 9.5% share of total exports. It was followed by the Netherlands, with a 3.9% share.

From 2012 to 2021, the average annual growth rate of value to Hong Kong SAR stood at -15.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (0.0% per year) and the Netherlands (-3.1% per year).

Export Prices by Country

The average talcum powder export price stood at $X per ton in 2021, with a decrease of -27.5% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by 78% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Poland ($X per ton), while the average price for exports to Hong Kong SAR ($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 Poland (+45.0%), while the prices for the other major destinations experienced more modest paces of growth.

Talcum Powder Imports

Imports into Uruguay

In 2021, supplies from abroad of talcum powder and other powders for cosmetic use decreased by -6.6% to X tons, falling for the second year in a row after four years of growth. In general, imports recorded a slight decline. The most prominent rate of growth was recorded in 2016 when imports increased by 33%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, talcum powder imports skyrocketed to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Argentina (X tons), Brazil (X tons) and China (X tons) were the main suppliers of talcum powder imports to Uruguay, with a combined 74% share of total imports. Mexico, Colombia, the United States and Chile lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +50.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest talcum powder suppliers to Uruguay were Brazil ($X), Argentina ($X) and China ($X), with a combined 44% share of total imports. These countries were followed by the United States, Mexico, Colombia and Chile, which together accounted for a further 28%.

Mexico, with a CAGR of +45.1%, saw the highest growth rate of the value of imports, among 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 2021, the average talcum powder import price amounted to $X per ton, jumping by 38% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.9%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+3.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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