Mexico: Bath Preparations Market 2024

Bath Preparations Market Size in Mexico

The Mexican bath preparations market surged to $X in 2021, growing by 84% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a mild contraction. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Bath Preparations Exports

Exports from Mexico

In 2021, overseas shipments of perfumed bath salts and other bath preparations decreased by -53.4% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports showed a abrupt decline. The growth pace was the most rapid in 2018 with an increase of 42%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, bath preparations exports dropped significantly to $X in 2021. Overall, exports showed a abrupt decline. The growth pace was the most rapid in 2017 with an increase of 33%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Argentina (X tons) and Kuwait (X tons) were the main destinations of bath preparations exports from Mexico, together comprising 57% of total exports. These countries were followed by Germany, Trinidad and Tobago, Panama, Singapore and China, which together accounted for a further 27%.

From 2012 to 2021, the biggest increases were recorded for Trinidad and Tobago (with a CAGR of +55.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bath preparations exported from Mexico were the United States ($X), Germany ($X) and Kuwait ($X), with a combined 48% share of total exports. These countries were followed by Argentina, Singapore, Trinidad and Tobago, Panama and China, which together accounted for a further 20%.

Trinidad and Tobago, with a CAGR of +32.6%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average bath preparations export price stood at $X per ton in 2021, growing by 13% against the previous year. Over the period under review, export price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, bath preparations export price increased by +33.1% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 26%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.

Bath Preparations Imports

Imports into Mexico

In 2021, the amount of perfumed bath salts and other bath preparations imported into Mexico skyrocketed to X tons, growing by 54% on 2020 figures. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 57% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, bath preparations imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a perceptible contraction. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, France (X tons) constituted the largest bath preparations supplier to Mexico, with a 39% share of total imports. Moreover, bath preparations imports from France exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was held by Panama (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from France stood at +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.9% per year) and Panama (+44.1% per year).

In value terms, the largest bath preparations suppliers to Mexico were France ($X), the United States ($X) and Panama ($X), together comprising 77% of total imports. China, Poland, Argentina and Pakistan lagged somewhat behind, together comprising a further 7.9%.

Pakistan, with a CAGR of +68.9%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average bath preparations import price amounted to $X per ton, rising by 8.2% against the previous year. In general, the import price, however, saw a pronounced slump. The most prominent rate of growth was recorded in 2020 an increase of 25%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+13.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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