Mexico: Shaving Preparations Market 2024

Shaving Preparations Market Size in Mexico

The Mexican shaving preparations market rose markedly to $X in 2021, with an increase of 7.8% against the previous year. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Shaving Preparations Production in Mexico

In value terms, shaving preparations production stood at $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 31% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Shaving Preparations Exports

Exports from Mexico

After two years of growth, shipments abroad of pre-shave, shaving and after-shave preparations (excluding soap in blocks) decreased by -27.5% to X tons in 2021. In general, exports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2016 with an increase of 107%. Over the period under review, the exports reached the maximum at X tons in 2020, and then dropped remarkably in the following year.

In value terms, shaving preparations exports reduced markedly to $X in 2021. Over the period under review, exports, however, saw a strong increase. The pace of growth was the most pronounced in 2019 with an increase of 77% against the previous year. The exports peaked at $X in 2020, and then shrank sharply in the following year.

Exports by Country

The United States (X tons) was the main destination for shaving preparations exports from Mexico, with a 82% share of total exports. Moreover, shaving preparations exports to the United States exceeded the volume sent to the second major destination, Chile (X tons), more than tenfold. The third position in this ranking was taken by Guatemala (X tons), with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +30.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+7.1% per year) and Guatemala (-7.9% per year).

In value terms, the United States ($X) remains the key foreign market for pre-shave, shaving and after-shave preparations (excluding soap in blocks) exports from Mexico, comprising 84% of total exports. The second position in the ranking was taken by Chile ($X), with a 4% share of total exports. It was followed by Guatemala, with a 3.8% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +25.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+12.2% per year) and Guatemala (-7.5% per year).

Export Prices by Country

The average shaving preparations export price stood at $X per ton in 2021, increasing by 7.4% against the previous year. Over the period under review, the export price, however, saw a perceptible slump. The most prominent rate of growth was recorded in 2017 an increase of 7.8% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2021, the highest price was recorded for prices to the United States ($X per ton) and Guatemala ($X per ton), while the average price for exports to Peru ($X per ton) and El Salvador ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+4.8%), while the prices for the other major destinations experienced mixed trend patterns.

Shaving Preparations Imports

Imports into Mexico

In 2021, shaving preparations imports into Mexico skyrocketed to X tons, picking up by 16% on 2020 figures. Overall, imports posted prominent growth. The pace of growth appeared the most rapid in 2017 when imports increased by 48% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, shaving preparations imports fell to $X in 2021. In general, total imports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -22.9% against 2019 indices. The pace of growth was the most pronounced in 2017 when imports increased by 32% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) was the main shaving preparations supplier to Mexico, with a 93% share of total imports. It was followed by China (X tons), with a 2.3% share of total imports. The third position in this ranking was taken by Canada (X tons), with a 1.7% share.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at +19.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-2.7% per year) and Canada (-8.7% per year).

In value terms, the United States ($X) constituted the largest supplier of pre-shave, shaving and after-shave preparations (excluding soap in blocks) to Mexico, comprising 91% of total imports. The second position in the ranking was held by Canada ($X), with a 2.3% share of total imports. It was followed by Germany, with a 1.5% share.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-10.2% per year) and Germany (-13.8% per year).

Import Prices by Country

The average shaving preparations import price stood at $X per ton in 2021, with a decrease of -20% against the previous year. In general, the import price continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2014 an increase of 6.1%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Canada ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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