Brazil: Perfume Market 2024

Perfume Market Size in Brazil

The Brazilian perfume market rose remarkably to $X in 2022, growing by 7.6% against the previous year. Over the period under review, consumption, however, saw a drastic downturn. Perfume consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Perfume Production in Brazil

In value terms, perfume production reduced modestly to $X in 2022 estimated in export price. In general, production, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2013 with an increase of 5.6%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Perfume Exports

Exports from Brazil

In 2022, shipments abroad of perfumes and toilet waters increased by 27% to X tons, rising for the fourth year in a row after two years of decline. In general, exports posted a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 97% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, perfume exports surged to $X in 2022. Overall, exports enjoyed a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 65% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Chile (X tons), Argentina (X tons) and Colombia (X tons) were the main destinations of perfume exports from Brazil, with a combined 55% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of +26.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for perfume exported from Brazil were Chile ($X), Colombia ($X) and Argentina ($X), with a combined 48% share of total exports. Portugal, Mexico, Peru and Bolivia lagged somewhat behind, together accounting for a further 40%.

In terms of the main countries of destination, Bolivia, with a CAGR of +26.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average perfume export price amounted to $X per ton, rising by 14% against the previous year. Overall, the export price, however, continues to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2014 an increase of 15%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Chile ($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 Bolivia (+3.7%), while the prices for the other major destinations experienced a decline.

Perfume Imports

Imports into Brazil

In 2022, supplies from abroad of perfumes and toilet waters increased by 26% to X tons, rising for the second year in a row after two years of decline. Overall, total imports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 42% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, perfume imports surged to $X in 2022. 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 90% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

France (X tons), Spain (X tons) and Poland (X tons) were the main suppliers of perfume imports to Brazil, together comprising 78% of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +48.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest perfume suppliers to Brazil were France ($X), Spain ($X) and India ($X), together accounting for 87% of total imports. The United States, Italy, Poland, the United Arab Emirates, Germany and Morocco lagged somewhat behind, together accounting for a further 9.6%.

Poland, with a CAGR of +42.7%, recorded the highest growth rate of the value of imports, in terms of 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 2022, the average perfume import price amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the import price, however, continues to indicate a mild decline. The most prominent rate of growth was recorded in 2021 an increase of 34% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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