Latin America and the Caribbean: Eye Make-Up Preparations Market 2024

Eye Make-Up Preparations Market Size in Latin America and the Caribbean

The Latin American eye make-up preparations market contracted slightly to $X in 2022, which is down by -4.4% against the previous year. The market value increased at an average annual rate of +3.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Eye Make-Up Preparations Production in Latin America and the Caribbean

In value terms, eye make-up preparations production reduced slightly to $X in 2022 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +4.2% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 52%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Eye Make-Up Preparations Exports

Exports in Latin America and the Caribbean

In 2022, approx. X tons of eye make-up preparations were exported in Latin America and the Caribbean; surging by 14% compared with the year before. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 30% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, eye make-up preparations exports surged to $X in 2022. The total export value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Dominican Republic (X tons) and Mexico (X tons) represented roughly 70% of total exports in 2022. It was distantly followed by Colombia (X tons) and Brazil (X tons), together comprising a 19% share of total exports. Guatemala (X tons), Argentina (X tons) and Peru (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Mexico (with a CAGR of +11.7%), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), the Dominican Republic ($X) and Colombia ($X) constituted the countries with the highest levels of exports in 2022, with a combined 79% share of total exports.

Mexico, with a CAGR of +13.7%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, with an increase of 5.3% against the previous year. Export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, eye make-up preparations export price increased by +71.6% against 2018 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by 29%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Guatemala ($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 Dominican Republic (+4.6%), while the other leaders experienced more modest paces of growth.

Eye Make-Up Preparations Imports

Imports in Latin America and the Caribbean

In 2022, imports of eye make-up preparations in Latin America and the Caribbean shrank slightly to X tons, stabilizing at the previous year's figure. Over the period under review, imports continue to indicate a noticeable slump. The pace of growth was the most pronounced in 2017 when imports increased by 16%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, eye make-up preparations imports expanded to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 16%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Brazil (X tons) and Chile (X tons) represented roughly 32% of total imports in 2022. Colombia (X tons) ranks next in terms of the total imports with a 9.7% share, followed by Mexico (9.1%), Peru (8.2%), Argentina (7.3%), Guatemala (6%) and Ecuador (5.2%). Bolivia (X tons), El Salvador (X tons), Costa Rica (X tons), Paraguay (X tons) and Panama (X tons) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Costa Rica (with a CAGR of +13.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest eye make-up preparations importing markets in Latin America and the Caribbean were Mexico ($X), Chile ($X) and Brazil ($X), with a combined 56% share of total imports. Argentina, Colombia, Peru, Ecuador, Guatemala, El Salvador, Bolivia, Costa Rica, Panama and Paraguay lagged somewhat behind, together accounting for a further 38%.

In terms of the main importing countries, Argentina, with a CAGR of +6.3%, recorded 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 import price in Latin America and the Caribbean amounted to $X per ton, rising by 4.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The pace of growth appeared the most rapid in 2013 when the import price increased by 16%. The level of import peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+14.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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