Latin America and the Caribbean: Market for Organic Surface-Active Products For Washing The Skin 2022

Market Size for Organic Surface-Active Products For Washing The Skin in Latin America and the Caribbean

After two years of growth, the Latin American skin organic surface-active products market decreased by -11.1% to $X in 2021. The total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +17.4% against 2018 indices. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Production of Organic Surface-Active Products For Washing The Skin in Latin America and the Caribbean

In value terms, skin organic surface-active products production fell to $X in 2021 estimated in export price. The total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +18.6% against 2018 indices. The growth pace was the most rapid in 2020 with an increase of 28% against the previous year. As a result, production reached the peak level of $X, and then dropped in the following year.

Exports of Organic Surface-Active Products For Washing The Skin

Exports in Latin America and the Caribbean

In 2021, exports of organic surface-active products for washing the skin in Latin America and the Caribbean soared to X tons, growing by 27% against the previous year. In general, exports showed a resilient increase. The pace of growth appeared the most rapid in 2015 with an increase of 45%. The volume of export peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, skin organic surface-active products exports expanded sharply to $X in 2021. Total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +98.5% against 2012 indices. The pace of growth appeared the most rapid in 2020 with an increase of 30%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the near future.

Exports by Country

In 2021, Mexico (X tons) represented the main exporter of organic surface-active products for washing the skin, generating 71% of total exports. Brazil (X tons) ranks second in terms of the total exports with a 14% share, followed by Colombia (6.3%). Chile (X tons) and Guatemala (X tons) followed a long way behind the leaders.

Exports from Mexico increased at an average annual rate of +10.9% from 2012 to 2021. At the same time, Guatemala (+40.4%), Chile (+32.4%), Colombia (+11.0%) and Brazil (+8.3%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +40.4% from 2012-2021. Chile (+3 p.p.) and Guatemala (+1.7 p.p.) significantly strengthened its position in terms of the total exports, while Brazil saw its share reduced by -3.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest skin organic surface-active products supplier in Latin America and the Caribbean, comprising 60% of total exports. The second position in the ranking was taken by Brazil ($X), with a 20% share of total exports. It was followed by Colombia, with a 12% share.

In Mexico, skin organic surface-active products exports expanded at an average annual rate of +9.4% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (+4.3% per year) and Colombia (+6.6% per year).

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, with a decrease of -13.3% against the previous year. Over the period under review, the export price showed a perceptible decline. The growth pace was the most rapid in 2016 when the export price increased by 10% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (-1.3%), while the other leaders experienced a decline in the export price figures.

Imports of Organic Surface-Active Products For Washing The Skin

Imports in Latin America and the Caribbean

In 2021, approx. X tons of organic surface-active products for washing the skin were imported in Latin America and the Caribbean; with an increase of 9.2% compared with the year before. Over the period under review, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of 40%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, skin organic surface-active products imports rose markedly to $X in 2021. Total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +10.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +142.9% against 2012 indices. The most prominent rate of growth was recorded in 2013 with an increase of 34%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, Mexico (X tons), distantly followed by Colombia (X tons), Chile (X tons), Peru (X tons) and Argentina (X tons) represented the major importers of organic surface-active products for washing the skin, together generating 66% of total imports. Costa Rica (X tons), Brazil (X tons), Ecuador (X tons), Trinidad and Tobago (X tons), Panama (X tons), the Dominican Republic (X tons), Uruguay (X tons) and Belize (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Belize (with a CAGR of +75.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported organic surface-active products for washing the skin in Latin America and the Caribbean, comprising 34% of total imports. The second position in the ranking was held by Chile ($X), with an 11% share of total imports. It was followed by Colombia, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Mexico amounted to +12.3%. In the other countries, the average annual rates were as follows: Chile (+10.8% per year) and Colombia (+13.9% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2021, surging by 4.1% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 21% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Trinidad and Tobago ($X per ton), while Belize ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+6.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :