MERCOSUR: Market for Manicure Or Pedicure Preparations 2024

Market Size for Manicure Or Pedicure Preparations in MERCOSUR

In 2021, the MERCOSUR manicure or pedicure preparations market was finally on the rise to reach $X after seven years of decline. Overall, consumption, however, recorded a pronounced reduction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Manicure Or Pedicure Preparations in MERCOSUR

In value terms, manicure or pedicure preparations production stood at $X in 2021 estimated in export price. In general, production, however, continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2013 with an increase of 12%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Exports of Manicure Or Pedicure Preparations

Exports in MERCOSUR

For the third consecutive year, MERCOSUR recorded growth in overseas shipments of manicure or pedicure preparations, which increased by 17% to X tons in 2021. Over the period under review, exports, however, saw a relatively flat trend pattern. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, manicure or pedicure preparations exports soared to $X in 2021. Overall, exports saw 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, Colombia (X tons) was the largest exporter of manicure or pedicure preparations, achieving 67% of total exports. Brazil (X tons) took the second position in the ranking, distantly followed by Argentina (X tons). All these countries together held approx. 30% share of total exports. Paraguay (X tons) followed a long way behind the leaders.

Colombia was also the fastest-growing in terms of the manicure or pedicure preparations exports, with a CAGR of +7.0% from 2012 to 2021. Brazil (-2.5%), Paraguay (-5.7%) and Argentina (-12.6%) illustrated a downward trend over the same period. While the share of Colombia (+31 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Brazil (-5.4 p.p.) and Argentina (-17.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Colombia ($X) remains the largest manicure or pedicure preparations supplier in MERCOSUR, comprising 71% of total exports. The second position in the ranking was held by Brazil ($X), with a 20% share of total exports. It was followed by Argentina, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Colombia stood at +5.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (-0.7% per year) and Argentina (-12.3% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2021, growing by 3.4% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 6.1% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the export prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Colombia ($X per ton) and Brazil ($X per ton), while Argentina ($X per ton) and Paraguay ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Paraguay (+4.1%), while the other leaders experienced more modest paces of growth.

Imports of Manicure Or Pedicure Preparations

Imports in MERCOSUR

In 2021, the amount of manicure or pedicure preparations imported in MERCOSUR surged to X tons, with an increase of 68% against 2020. Total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, manicure or pedicure preparations imports surged to $X in 2021. Total imports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Chile represented the key importer of manicure or pedicure preparations in MERCOSUR, with the volume of imports finishing at X tons, which was near 41% of total imports in 2021. It was distantly followed by Peru (X tons), Brazil (X tons), Argentina (X tons), Ecuador (X tons) and Colombia (X tons), together constituting a 54% share of total imports. Uruguay (X tons) held a minor share of total imports.

Chile was also the fastest-growing in terms of the manicure or pedicure preparations imports, with a CAGR of +19.0% from 2012 to 2021. At the same time, Brazil (+10.5%), Peru (+8.3%), Colombia (+6.4%) and Argentina (+4.5%) displayed positive paces of growth. Ecuador and Uruguay experienced a relatively flat trend pattern. From 2012 to 2021, the share of Chile, Brazil and Peru increased by +25, +3 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) constitutes the largest market for imported manicure or pedicure preparations in MERCOSUR, comprising 38% of total imports. The second position in the ranking was taken by Argentina ($X), with a 14% share of total imports. It was followed by Peru, with a 14% share.

In Chile, manicure or pedicure preparations imports increased at an average annual rate of +9.7% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (+7.7% per year) and Peru (+4.8% per year).

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per ton, waning by -2.4% against the previous year. Over the period under review, the import price saw a noticeable shrinkage. The pace of growth was the most pronounced in 2013 an increase of 8.7% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 Argentina (+3.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform