MERCOSUR: Market for Hair Lotion and Preparation 2024

Market Size for Hair Lotion and Preparation in MERCOSUR

In 2021, the MERCOSUR hair lotion and preparation market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Production of Hair Lotion and Preparation in MERCOSUR

In value terms, hair lotion and preparation production expanded rapidly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 20%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Hair Lotion and Preparation

Exports in MERCOSUR

In 2021, shipments abroad of hair lotion and preparation increased by 17% to X tons, rising for the fifth year in a row after three years of decline. Overall, exports recorded a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, hair lotion and preparation exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Brazil (X tons) and Colombia (X tons) represented the key exporters of hair lotion and preparation in MERCOSUR, together constituting 72% of total exports. Argentina (X tons) ranks next in terms of the total exports with a 20% share, followed by Peru (4.5%). Chile (X tons) held a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Peru (with a CAGR of +8.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest hair lotion and preparation supplying countries in MERCOSUR were Brazil ($X), Colombia ($X) and Argentina ($X), with a combined 92% share of total exports. Peru and Chile lagged somewhat behind, together comprising a further 7.3%.

Peru, with a CAGR of +10.3%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2021, with an increase of 3.4% against the previous year. Over the period under review, the export price, however, saw a mild decrease. The pace of growth appeared the most rapid in 2016 when the export price increased by 6.1% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+1.3%), while the other leaders experienced mixed trends in the export price figures.

Imports of Hair Lotion and Preparation

Imports in MERCOSUR

In 2021, purchases abroad of hair lotion and preparation increased by 14% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, continue to indicate a mild contraction. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, hair lotion and preparation imports skyrocketed to $X in 2021. Overall, imports, however, saw a perceptible contraction. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Chile (X tons), distantly followed by Peru (X tons), Argentina (X tons), Colombia (X tons), Ecuador (X tons), Paraguay (X tons), Uruguay (X tons) and Brazil (X tons) were the key importers of hair lotion and preparation, together comprising 95% of total imports.

From 2012 to 2021, the biggest increases were recorded for Peru (with a CAGR of +6.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) constitutes the largest market for imported hair lotion and preparation in MERCOSUR, comprising 31% of total imports. The second position in the ranking was taken by Peru ($X), with a 13% share of total imports. It was followed by Colombia, with a 12% share.

From 2012 to 2021, the average annual growth rate of value in Chile amounted to +3.5%. The remaining importing countries recorded the following average annual rates of imports growth: Peru (+1.4% per year) and Colombia (+2.2% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2021, surging by 12% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Brazil ($X per ton), while Uruguay ($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 (+5.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform