Chile: Bath Preparations Market 2024

Bath Preparations Market Size in Chile

In 2021, after three years of decline, there was significant growth in the Chilean bath preparations market, when its value increased by 24% to $X. Overall, consumption, however, saw a abrupt contraction. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Bath Preparations Exports

Exports from Chile

In 2021, overseas shipments of perfumed bath salts and other bath preparations increased by 185% to X kg, rising for the third consecutive year after two years of decline. In general, exports, however, saw a precipitous setback. The most prominent rate of growth was recorded in 2016 with an increase of 729%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, bath preparations exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2016 when exports increased by 811% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Peru (X kg), Mexico (X kg) and Uruguay (X kg) were the main destinations of bath preparations exports from Chile, with a combined 93% share of total exports. These countries were followed by Paraguay and Bolivia, which together accounted for a further 6.6%.

From 2012 to 2021, the biggest increases were recorded for Paraguay (with a CAGR of +0.5%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Peru ($X) remains the key foreign market for perfumed bath salts and other bath preparations exports from Chile, comprising 57% of total exports. The second position in the ranking was taken by Mexico ($X), with a 27% share of total exports. It was followed by Paraguay, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Peru stood at -13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (0.0% per year) and Paraguay (+0.9% per year).

Export Prices by Country

In 2021, the average bath preparations export price amounted to $X per ton, dropping by -19.7% against the previous year. In general, the export price, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2019 an increase of 135%. Over the period under review, the average export prices attained the maximum at $X per ton in 2020, and then declined dramatically in the following year.

Prices varied noticeably country of destination: the country with the highest price was Paraguay ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (+29.7%), while the prices for the other major destinations experienced more modest paces of growth.

Bath Preparations Imports

Imports into Chile

In 2021, after six years of decline, there was significant growth in purchases abroad of perfumed bath salts and other bath preparations, when their volume increased by 13% to X tons. In general, imports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2014 with an increase of 24% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, bath preparations imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a deep setback. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest bath preparations supplier to Chile, accounting for a 69% share of total imports. Moreover, bath preparations imports from China exceeded the figures recorded by the second-largest supplier, the UK (X tons), fivefold. The third position in this ranking was taken by Argentina (X tons), with a 2.8% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+19.0% per year) and Argentina (+0.2% per year).

In value terms, China ($X), the UK ($X) and Argentina ($X) were the largest bath preparations suppliers to Chile, with a combined 83% share of total imports. These countries were followed by France, the United States, Poland, Brazil and Colombia, which together accounted for a further 11%.

Poland, with a CAGR of +18.0%, 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

The average bath preparations import price stood at $X per ton in 2021, increasing by 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2017 when the average import price increased by 15% against the previous year. The import price peaked in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Argentina ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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