MERCOSUR: Cosmetics Market 2024

Cosmetics Market Size in MERCOSUR

The MERCOSUR cosmetics market contracted to $X in 2022, stabilizing at the previous year. In general, consumption showed a slight descent. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Cosmetics Production in MERCOSUR

In value terms, cosmetics production declined slightly to $X in 2022 estimated in export price. In general, production recorded a slight decrease. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Cosmetics Exports

Exports in MERCOSUR

In 2022, the amount of cosmetics exported in MERCOSUR reduced to X tons, which is down by X% on 2021 figures. In general, exports recorded a pronounced decline. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, cosmetics exports reached $X in 2022. Over the period under review, exports saw a perceptible downturn. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Colombia was the major exporting country with an export of around X tons, which recorded X% of total exports. Brazil (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Argentina (X%). The following exporters - Peru (X tons) and Chile (X tons) - together made up X% of total exports.

Exports from Colombia increased at an average annual rate of X% from 2012 to 2022. At the same time, Brazil (X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Argentina (X%), Peru (X%) and Chile (X%) illustrated a downward trend over the same period. Colombia (X p.p.) and Brazil (X p.p.) significantly strengthened its position in terms of the total exports, while Argentina, Peru and Chile saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, the largest cosmetics supplying countries in MERCOSUR were Colombia ($X), Brazil ($X) and Argentina ($X), with a combined X% share of total exports.

Brazil, with a CAGR of X%, 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 a decline in the exports figures.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, picking up by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 ($X per ton), while Colombia ($X per ton) was amongst the lowest.

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

Cosmetics Imports

Imports in MERCOSUR

In 2022, cosmetics imports in MERCOSUR declined to X tons, waning by X% on 2021 figures. Total imports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then shrank in the following year.

In value terms, cosmetics imports expanded markedly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Chile (X tons), distantly followed by Colombia (X tons), Argentina (X tons), Peru (X tons), Brazil (X tons) and Ecuador (X tons) represented the main importers of cosmetics, together comprising X% of total imports. Paraguay (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Chile (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cosmetics importing markets in MERCOSUR were Chile ($X), Brazil ($X) and Colombia ($X), together accounting for X% of total imports.

Chile, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a 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 Brazil ($X per ton), while Argentina ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform