Chile: Market for Beauty, Make-Up And Skin Care Preparations 2024

Market Size for Beauty, Make-Up And Skin Care Preparations in Chile

For the third year in a row, the Chilean market for beauty, make-up and skin care preparations recorded growth in sales value, which increased by 12% to $X in 2022. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Beauty, Make-Up And Skin Care Preparations in Chile

In value terms, production of beauty, make-up and skin care preparations soared to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt descent. The growth pace was the most rapid in 2020 when the production volume increased by 100% against the previous year. Production of peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Beauty, Make-Up And Skin Care Preparations

Exports from Chile

Exports of beauty, make-up and skin care preparations from Chile dropped remarkably to X tons in 2022, shrinking by -84.9% compared with 2021. In general, exports showed a dramatic slump. The growth pace was the most rapid in 2017 when exports increased by 18%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of beauty, make-up and skin care preparations declined sharply to $X in 2022. Overall, exports faced a deep setback. The growth pace was the most rapid in 2017 with an increase of 21% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Peru (X tons), Bolivia (X tons) and Uruguay (X tons) were the main destinations of exports of beauty, make-up and skin care preparations from Chile, together accounting for 61% of total exports.

From 2012 to 2022, the biggest increases were recorded for Uruguay (with a CAGR of -4.5%), while shipments for the other leaders experienced a decline.

In value terms, Peru ($X), Bolivia ($X) and Uruguay ($X) appeared to be the largest markets for beauty, make-up and skin care preparations exported from Chile worldwide, with a combined 62% share of total exports.

In terms of the main countries of destination, Peru, with a CAGR of -6.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average export price for beauty, make-up and skin care preparations amounted to $X per ton, picking up by 59% against the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for beauty, make-up and skin care preparations increased by +64.9% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Venezuela ($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 the United States (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Beauty, Make-Up And Skin Care Preparations

Imports into Chile

In 2022, purchases abroad of beauty, make-up and skin care preparations decreased by -15.7% to X tons for the first time since 2015, thus ending a six-year rising trend. In general, imports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2016 when imports increased by 43%. Over the period under review, imports of attained the maximum at X tons in 2021, and then reduced notably in the following year.

In value terms, imports of beauty, make-up and skin care preparations reduced to $X in 2022. Over the period under review, imports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2021 when imports increased by 77% against the previous year. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

Mexico (X tons), China (X tons) and France (X tons) were the main suppliers of imports of beauty, make-up and skin care preparations to Chile, together comprising 52% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +37.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Spain ($X) and the United States ($X) were the largest beauty, make-up and skin care preparations suppliers to Chile, together accounting for 46% of total imports.

In terms of the main suppliers, Spain, with a CAGR of +17.2%, 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

In 2022, the average import price for beauty, make-up and skin care preparations amounted to $X per ton, with an increase of 14% against the previous year. Overall, the import price, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2021 an increase of 40% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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