Latin America and the Caribbean: Shaving Preparations Market 2024

Shaving Preparations Market Size in Latin America and the Caribbean

The Latin American shaving preparations market stood at $X in 2021, with an increase of 9% against the previous year. In general, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Shaving Preparations Production in Latin America and the Caribbean

In value terms, shaving preparations production expanded rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 40% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Shaving Preparations Exports

Exports in Latin America and the Caribbean

In 2021, overseas shipments of pre-shave, shaving and after-shave preparations (excluding soap in blocks) decreased by -32.5% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports showed a deep reduction. The pace of growth was the most pronounced in 2016 when exports increased by 15% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, shaving preparations exports fell sharply to $X in 2021. Overall, exports saw a deep contraction. The pace of growth appeared the most rapid in 2017 with an increase of 12%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Mexico (X tons) represented the key exporter of pre-shave, shaving and after-shave preparations (excluding soap in blocks), constituting 57% of total exports. Brazil (X tons) ranks second in terms of the total exports with a 30% share, followed by Colombia (6.7%). Guatemala (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +12.4%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Mexico ($X) remains the largest shaving preparations supplier in Latin America and the Caribbean, comprising 63% of total exports. The second position in the ranking was held by Brazil ($X), with a 23% share of total exports. It was followed by Colombia, with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Mexico stood at +8.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (+2.1% per year) and Colombia (-5.5% per year).

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, stabilizing at the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by 11%. Over the period under review, the export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Colombia ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (-2.5%), while the other leaders experienced a decline in the export price figures.

Shaving Preparations Imports

Imports in Latin America and the Caribbean

In 2021, purchases abroad of pre-shave, shaving and after-shave preparations (excluding soap in blocks) was finally on the rise to reach X tons after two years of decline. Total imports indicated mild growth from 2012 to 2021: its volume increased at an average annual rate of +1.3% 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 decreased by -6.8% against 2018 indices. The growth pace was the most rapid in 2018 when imports increased by 28%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, shaving preparations imports rose slightly to $X in 2021. Overall, imports, however, continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 20%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Mexico represented the major importing country with an import of around X tons, which amounted to 51% of total imports. Argentina (X tons) took the second position in the ranking, followed by Colombia (X tons), Brazil (X tons) and Chile (X tons). All these countries together took approx. 34% share of total imports. The following importers - Peru (X tons) and Guatemala (X tons) - together made up 4.5% of total imports.

From 2012 to 2021, average annual rates of growth with regard to shaving preparations imports into Mexico stood at +12.4%. At the same time, Argentina (+26.7%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +26.7% from 2012-2021. Chile and Colombia experienced a relatively flat trend pattern. By contrast, Peru (-2.2%), Guatemala (-2.6%) and Brazil (-12.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Mexico and Argentina increased by +31 and +12 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported pre-shave, shaving and after-shave preparations (excluding soap in blocks) in Latin America and the Caribbean, comprising 39% of total imports. The second position in the ranking was taken by Argentina ($X), with a 13% share of total imports. It was followed by Chile, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Mexico amounted to +2.8%. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (+11.9% per year) and Chile (+1.3% per year).

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, which is down by -7% against the previous year. In general, the import price recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2014 when the import price increased by 4.8% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+1.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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