Mexico: Market for Manicure Or Pedicure Preparations 2024

Market Size for Manicure Or Pedicure Preparations in Mexico

The Mexican manicure or pedicure preparations market reduced modestly to $X in 2022, shrinking by -3.5% against the previous year. Overall, consumption continues to indicate a slight shrinkage. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Manicure Or Pedicure Preparations in Mexico

In value terms, manicure or pedicure preparations production contracted to $X in 2022 estimated in export price. In general, production saw a mild contraction. The most prominent rate of growth was recorded in 2016 with an increase of 8% against the previous year. Manicure or pedicure preparations production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Manicure Or Pedicure Preparations

Exports from Mexico

In 2022, approx. X tons of manicure or pedicure preparations were exported from Mexico; increasing by 2.9% against the year before. Over the period under review, total exports indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +39.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 35%. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, manicure or pedicure preparations exports dropped to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 32%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for manicure or pedicure preparations exports from Mexico, with a approx. 96% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +2.5%.

In value terms, the United States ($X) also remains the key foreign market for manicure or pedicure preparations exports from Mexico.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States was relatively modest.

Export Prices by Country

The average manicure or pedicure preparations export price stood at $X per ton in 2022, waning by -4.2% against the previous year. In general, the export price recorded a slight curtailment. The pace of growth was the most pronounced in 2016 an increase of 71%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Venezuela amounted to +29.6% per year.

Imports of Manicure Or Pedicure Preparations

Imports into Mexico

Manicure or pedicure preparations imports into Mexico contracted to X tons in 2022, with a decrease of -2.5% compared with 2021. In general, total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +2.0% 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 +72.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 77% against the previous year. As a result, imports attained the peak of X tons, and then fell slightly in the following year.

In value terms, manicure or pedicure preparations imports contracted to $X in 2022. The total import value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 23%. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

China (X tons), the United States (X tons) and France (X tons) were the main suppliers of manicure or pedicure preparations imports to Mexico, with a combined 98% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +4.3%), while imports for the other leaders experienced a decline.

In value terms, the United States ($X) constituted the largest supplier of manicure or pedicure preparations to Mexico, comprising 70% of total imports. The second position in the ranking was taken by China ($X), with a 25% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.2% per year) and France (-8.7% per year).

Import Prices by Country

In 2022, the average manicure or pedicure preparations import price amounted to $X per ton, reducing by -5.4% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 16% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :