Market research

Non-vegetable waxes market in Uruguay

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The market for non-vegetable waxes in Uruguay, including beeswax and spermaceti, experienced gradual expansion from 2018 to 2023. Market volume increased from 1 157 t to 1 195 t over this period, with minor fluctuations. Production rose from 1 160 t to 1 218 t, while exports remained relatively low but began to climb from 2021 onward.

A temporary dip in market volume occurred in 2021, when it fell to 1 170 t. This coincided with a jump in exports to 11 t and a slight decrease in production. The market recovered in the following years as production growth outpaced the increase in exports, reaching 1 181 t in 2022 and 1 195 t in 2023.

By 2024, exports had further increased to 40 t. During this time, the market context was influenced by growing consumer preference for sustainable products and the cosmetic industry's shift toward natural ingredients, which supported demand for beeswax and other natural waxes.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Uruguay
  1. 5.1.1. Annual dynamics of production in Uruguay in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Uruguay in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, kg
    1. 6.1.2.1. Annual dynamics of product's exports from Uruguay in kind, 2018-2024, kg
    2. 6.1.2.2. Dynamics of product's exports in kind from Uruguay by countries, 2018-2024, kg
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Uruguay in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Uruguay by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's exports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Uruguay, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's exports from Uruguay by countries, 2018-2024, $ US/kg
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, kg
    1. 6.2.2.1. Annual dynamics of product's exports from Uruguay in kind, 2018-2024, kg
    2. 6.2.2.2. Dynamics of product's exports in kind from Uruguay by countries, 2018-2024, kg
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Uruguay in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Uruguay by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's exports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Uruguay, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's exports from Uruguay by countries, 2018-2024, $ US/kg
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, kg
    1. 7.1.2.1. Annual dynamics of product's imports to Uruguay in kind, 2018-2024, kg
    2. 7.1.2.2. Dynamics of product's imports in kind to Uruguay by countries, 2018-2024, kg
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Uruguay in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Uruguay by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's imports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Uruguay, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's imports to Uruguay by countries, 2018-2024, $ US/kg
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, kg
    1. 7.2.2.1. Annual dynamics of product's imports to Uruguay in kind, 2018-2024, kg
    2. 7.2.2.2. Dynamics of product's imports in kind to Uruguay by countries, 2018-2024, kg
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Uruguay in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Uruguay by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's imports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Uruguay, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's imports to Uruguay by countries, 2018-2024, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, kg
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, kg
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production non-vegetable waxes in Uruguay

In kind, 2017-2020, t

From 2017 to 2020, Uruguay ranked 12th globally in the production of non-vegetable waxes.

Top producers of non-vegetable waxes, 2017-2020

Source: SHEV.io

World map of production of non-vegetable waxes, 2017-2020

Source: SHEV.io

Non-vegetable waxes production in Uruguay increased for the third consecutive year. In 2020, Uruguay produced 1 203 tonnes of non-vegetable waxes, reflecting a 1.8% increase compared to the previous year. Between 2017 and 2020, production grew by 6.2%, equating to an annualized growth rate of 2.0%.

Annual dynamics of production in Uruguay in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	2.4%	1.8%	1.8%	2.0%

Source: SHEV.io

Exports non-vegetable waxes from Uruguay

Exports in kind, kg

The market exhibited volatility during these years. Volumes dropped to their lowest point in 2019 and then climbed to their maximum in 2020, representing a 138-fold shift. In 2020, Uruguay's cross-border shipments of non-vegetable waxes totalled 3 443 kg, up by 13,672.0% compared to 2019. The minimum value was recorded in 2019 at 25 kg, with the largest decline of 98.9% also occurring in that year.

Annual dynamics of product's exports from Uruguay in kind, 2017-2020, kg

Parameter		2018	2019	2020	CAGR
1	Change from last year	4 564.8%	(98.9%)	13 672.0%	307.1%

Source: SHEV.io

From 2017 to 2020, Germany clearly dominated as the primary buyer of non-vegetable waxes from Uruguay, accounting for 98.7% of total exports in kind.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Uruguay in kind, 2017-2020

Source: SHEV.io

Exports in value, $ US

The market showed an unstable trend throughout the period. Exports fell to their lowest point in 2019 and then hit their maximum in 2020, a swing of 35 times. In 2020, Uruguay exported 46 254 US dollars of non-vegetable waxes, marking a rise of 3,357.0% year-over-year. The minimum value was recorded in 2019 at 1 338 US dollars, with the largest decline of 96.1% also in 2019.

Annual dynamics of product's exports from Uruguay in value, 2017-2020, $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	1 171.0%	(96.1%)	3 357.0%	156.8%

Source: SHEV.io

From 2017 to 2020, Germany effectively concentrated exports in value terms of non-vegetable waxes from Uruguay, with a share of 95.2% of total flows.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Uruguay in value, 2017-2020

Source: SHEV.io

Imports non-vegetable waxes to Uruguay

Imports in kind, kg

The market displayed signs of volatility over the observed period. A 6.3-fold variation was recorded between the minimum in 2018 and the maximum in 2020. In 2020, Uruguay's volume of non-vegetable waxes imports amounted to 25 kg, representing a sharp drop of 58.1% compared to 2019.

Annual dynamics of product's imports to Uruguay in kind, 2017-2020, kg

Parameter		2018	2019	2020	CAGR
1	Change from last year	(58.1%)	n/a	n/a	37.8%

Source: SHEV.io

From 2017 to 2020, Argentina and the United States together absorbed 100.0% of total imports in kind of non-vegetable waxes to Uruguay, indicating a high degree of concentration.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Uruguay in kind, 2017-2020

Source: SHEV.io

Imports in value, $ US

In 2020, Uruguay's volume of non-vegetable waxes imports amounted to 244 US dollars, equivalent to a significant decrease of 19.2% relative to the prior year. Over the period 2017-2020, imports decreased by 69%, with a compound annual growth rate (CAGR) of -32.3%.

Annual dynamics of product's imports to Uruguay in value, 2017-2020, $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(19.2%)	n/a	n/a	(32.3%)

Source: SHEV.io

From 2017 to 2020, the United States and Argentina formed a highly concentrated pair of markets for imports in value terms of non-vegetable waxes to Uruguay, together taking 100.0% of total flows.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Uruguay in value, 2017-2020

Source: SHEV.io