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

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

In 2022, the Bolivian market for shampoos, hair lacquers and other preparations decreased by -27.3% to $X, falling for the fourth consecutive year after three years of growth. In general, consumption saw a abrupt downturn. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Exports of Shampoos, Hair Lacquers And Other Preparations

Exports from Bolivia

In 2022, approx. X tons of shampoos, hair lacquers and other preparations were exported from Bolivia; picking up by 29% compared with 2021. In general, exports posted significant growth. The growth pace was the most rapid in 2014 with an increase of 147% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, exports of shampoos, hair lacquers and other preparations soared to $X in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 117%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Peru (X tons) was the main destination for exports of shampoos, hair lacquers and other preparations from Bolivia, accounting for a 92% share of total exports. Moreover, exports of shampoos, hair lacquers and other preparations to Peru exceeded the volume sent to the second major destination, Mexico (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Peru amounted to +46.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (0.0% per year) and Venezuela (0.0% per year).

In value terms, Peru ($X) remains the key foreign market for shampoos, hair lacquers and other preparations exports from Bolivia, comprising 90% of total exports. The second position in the ranking was taken by Venezuela ($X), with a 3.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Peru stood at +39.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (0.0% per year) and Mexico (0.0% 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 6% against the previous year. Over the period under review, the export price, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2016 an increase of 6.9% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, 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 Venezuela ($X per ton), while the average price for exports to Mexico ($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 Peru (-4.4%).

Imports of Shampoos, Hair Lacquers And Other Preparations

Imports into Bolivia

In 2022, imports of shampoos, hair lacquers and other preparations into Bolivia contracted dramatically to X tons, with a decrease of -20.3% compared with the previous year's figure. Over the period under review, imports saw a slight slump. The pace of growth appeared the most rapid in 2016 with an increase of 11%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of shampoos, hair lacquers and other preparations dropped to $X in 2022. Overall, imports saw a perceptible decrease. The pace of growth appeared the most rapid in 2013 when imports increased by 9.7%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Chile (X tons), Argentina (X tons) and Mexico (X tons) were the main suppliers of imports of shampoos, hair lacquers and other preparations to Bolivia, together accounting for 86% of total imports. Brazil, Colombia, China, Spain and Peru lagged somewhat behind, together comprising a further 11%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +14.1%), 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 Bolivia were Mexico ($X), Chile ($X) and Argentina ($X), with a combined 66% share of total imports. Brazil, Colombia, Spain, Peru and China lagged somewhat behind, together comprising a further 25%.

In terms of the main suppliers, Colombia, with a CAGR of +10.4%, saw 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, growing by 13% against the previous year. Overall, the import price, however, saw a slight reduction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 19%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, 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 Spain ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform