Paraguay: Market for Manicure Or Pedicure Preparations 2024

Market Size for Manicure Or Pedicure Preparations in Paraguay

The Paraguayan manicure or pedicure preparations market soared to $X in 2022, increasing by 19% 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). Overall, consumption saw a notable increase. Manicure or pedicure preparations consumption peaked in 2022 and is expected to retain growth in the immediate term.

Exports of Manicure Or Pedicure Preparations

Exports from Paraguay

In 2022, approx. X tons of manicure or pedicure preparations were exported from Paraguay; picking up by 30% on the previous year. Over the period under review, exports, however, recorded a perceptible slump. The most prominent rate of growth was recorded in 2014 when exports increased by 53%. Over the period under review, the exports attained 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 rose markedly to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 43% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Bolivia (X tons) and Uruguay (X tons) were the main destinations of manicure or pedicure preparations exports from Paraguay.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bolivia (with a CAGR of +9.9%).

In value terms, Uruguay ($X) remains the key foreign market for manicure or pedicure preparations exports from Paraguay, comprising 68% of total exports. The second position in the ranking was taken by Bolivia ($X), with a 32% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Uruguay stood at -2.8%.

Export Prices by Country

The average manicure or pedicure preparations export price stood at $X per ton in 2022, dropping by -15.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2021 an increase of 51% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced notably in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while the average price for exports to Bolivia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (+5.8%), while the prices for the other major destinations experienced a decline.

Imports of Manicure Or Pedicure Preparations

Imports into Paraguay

Manicure or pedicure preparations imports into Paraguay skyrocketed to X tons in 2022, jumping by 42% against 2021. In general, imports, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2019 with an increase of 54%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, manicure or pedicure preparations imports expanded remarkably to $X in 2022. Overall, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.7% 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 +105.2% against 2018 indices. The growth pace was the most rapid in 2019 when imports increased by 72%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Argentina (X tons), China (X tons) and the United States (X tons) were the main suppliers of manicure or pedicure preparations imports to Paraguay, with a combined 85% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +18.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of manicure or pedicure preparations to Paraguay, comprising 60% of total imports. The second position in the ranking was taken by Argentina ($X), with a 14% share of total imports. It was followed by Brazil, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +14.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-3.5% per year) and Brazil (+5.9% per year).

Import Prices by Country

In 2022, the average manicure or pedicure preparations import price amounted to $X per ton, waning by -24.8% against the previous year. Overall, the import price, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2015 when the average import price increased by 40%. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then reduced markedly in the following year.

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 ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+20.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform