Uruguay: Market for Hair Lotion and Preparation 2024

Market Size for Hair Lotion and Preparation in Uruguay

After two years of growth, the Uruguayan hair lotion and preparation market decreased by X% to $X in 2023. Over the period under review, consumption showed a perceptible decline. As a result, consumption reached the peak level of $X. From 2014 to 2023, the growth of the market failed to regain momentum.

Exports of Hair Lotion and Preparation

Exports from Uruguay

In 2023, shipments abroad of hair lotion and preparation increased by X% to X tons, rising for the third year in a row after two years of decline. Overall, exports posted a strong increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, the exports reached the peak of X tons. From 2014 to 2023, the growth of the exports remained at a lower figure.

In value terms, hair lotion and preparation exports skyrocketed to $X in 2023. Over the period under review, exports posted a measured increase. The growth pace was the most rapid in 2013 when exports increased by X%. As a result, the exports reached the peak of $X. From 2014 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Chile (X tons), Free Zones (X tons) and the United States (X tons) were the main destinations of hair lotion and preparation exports from Uruguay, together comprising X% of total exports. These countries were followed by Spain, which accounted for a further X%.

From 2012 to 2023, the biggest increases were recorded for Spain (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Free Zones ($X) remains the key foreign market for hair lotion and preparation exports from Uruguay, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by Chile, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Free Zones stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Chile (X% per year).

Export Prices by Country

The average hair lotion and preparation export price stood at $X per ton in 2023, waning by X% against the previous year. Over the period under review, the export price saw a drastic downturn. The growth pace was the most rapid in 2019 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: 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 2023, 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 a decline.

Imports of Hair Lotion and Preparation

Imports into Uruguay

In 2023, supplies from abroad of hair lotion and preparation decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, imports recorded a slight curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, hair lotion and preparation imports dropped to $X in 2023. In general, imports recorded a noticeable contraction. The pace of growth was the most pronounced in 2015 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Argentina (X tons) constituted the largest supplier of hair lotion and preparation to Uruguay, accounting for a X% share of total imports. Moreover, hair lotion and preparation imports from Argentina exceeded the figures recorded by the second-largest supplier, Mexico (X tons), twofold. Brazil (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, 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 Brazil (X% per year).

In value terms, Mexico ($X), Argentina ($X) and Brazil ($X) were the largest hair lotion and preparation suppliers to Uruguay, with a combined X% share of total imports. Spain, the United States, Italy, Paraguay and Chile lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Paraguay, with a CAGR of X%, 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

In 2023, the average hair lotion and preparation import price amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, 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 2023, the most notable rate of growth in terms of prices was attained by Chile (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform