Chile: Eye Make-Up Preparations Market 2024

Eye Make-Up Preparations Market Size in Chile

The Chilean eye make-up preparations market plummeted to $X in 2022, declining by -20.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed resilient growth. As a result, consumption reached the peak level of $X, and then reduced markedly in the following year.

Eye Make-Up Preparations Exports

Exports from Chile

In 2022, overseas shipments of eye make-up preparations increased by 157% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, recorded a perceptible reduction. The pace of growth was the most pronounced in 2021 with an increase of 269%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, eye make-up preparations exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by 95%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Guatemala (X tons) was the main destination for eye make-up preparations exports from Chile, accounting for a 41% share of total exports. Moreover, eye make-up preparations exports to Guatemala exceeded the volume sent to the second major destination, Colombia (X tons), threefold. The third position in this ranking was held by Argentina (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Guatemala amounted to +37.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+56.1% per year) and Argentina (-8.5% per year).

In value terms, Argentina ($X), Mexico ($X) and Guatemala ($X) were the largest markets for eye make-up preparations exported from Chile worldwide, together accounting for 71% of total exports. Peru, Colombia, Bolivia and the Dominican Republic lagged somewhat behind, together accounting for a further 24%.

Among the main countries of destination, Colombia, with a CAGR of +45.3%, 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 eye make-up preparations export price amounted to $X per ton, reducing by -24.3% against the previous year. In general, the export price saw a noticeable slump. The growth pace was the most rapid in 2016 when the average export price increased by 62%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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 Argentina ($X per ton), while the average price for exports to the Dominican Republic ($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 Costa Rica (+18.7%), while the prices for the other major destinations experienced more modest paces of growth.

Eye Make-Up Preparations Imports

Imports into Chile

In 2022, supplies from abroad of eye make-up preparations decreased by -35.3% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2021 when imports increased by 83% against the previous year. As a result, imports reached the peak of X tons, and then contracted sharply in the following year.

In value terms, eye make-up preparations imports reduced to $X in 2022. Overall, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 78% against the previous year. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of eye make-up preparations to Chile, accounting for a 46% share of total imports. Moreover, eye make-up preparations imports from China exceeded the figures recorded by the second-largest supplier, Colombia (X tons), fourfold. The third position in this ranking was taken by the United States (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +18.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+13.9% per year) and the United States (+6.2% per year).

In value terms, the largest eye make-up preparations suppliers to Chile were the United States ($X), China ($X) and Colombia ($X), with a combined 54% share of total imports. Germany, Brazil, Argentina, France, Mexico, Poland and Peru lagged somewhat behind, together accounting for a further 29%.

Among the main suppliers, Mexico, with a CAGR of +24.2%, saw the highest rates of growth with regard to 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 eye make-up preparations import price stood at $X per ton in 2022, with an increase of 37% against the previous year. Overall, the import price, however, saw a slight setback. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a 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 ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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