Paraguay: Market for Shampoos, Hair Lacquers And Other Preparations 2024

Market Size for Shampoos, Hair Lacquers And Other Preparations in Paraguay

In 2022, the Paraguayan market for shampoos, hair lacquers and other preparations increased by 5.3% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated a mild increase from 2012 to 2022: its value 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, consumption increased by +8.9% against 2020 indices. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Exports of Shampoos, Hair Lacquers And Other Preparations

Exports from Paraguay

In 2022, the amount of shampoos, hair lacquers and other preparations exported from Paraguay surged to X tons, jumping by 18% compared with the previous year's figure. Over the period under review, exports posted significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 581%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of shampoos, hair lacquers and other preparations surged to $X in 2022. In general, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 497% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Uruguay (X tons) was the main destination for exports of shampoos, hair lacquers and other preparations from Paraguay, accounting for a 64% share of total exports. Moreover, exports of shampoos, hair lacquers and other preparations to Uruguay exceeded the volume sent to the second major destination, Bolivia (X tons), threefold. Brazil (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Uruguay amounted to +33.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+45.4% per year) and Brazil (-6.3% per year).

In value terms, the largest markets for shampoo, hair lacquer and other preparations exported from Paraguay were Uruguay ($X), Brazil ($X) and Bolivia ($X), together comprising 99% of total exports.

Brazil, with a CAGR of +53.3%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for shampoos, hair lacquers and other preparations stood at $X per ton in 2022, growing by 41% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 92% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+63.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Shampoos, Hair Lacquers And Other Preparations

Imports into Paraguay

Imports of shampoos, hair lacquers and other preparations into Paraguay declined to X tons in 2022, which is down by -11% on the previous year. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by 28% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, imports of shampoos, hair lacquers and other preparations rose sharply to $X in 2022. Over the period under review, total imports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.9% 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 +20.2% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 35% against the previous year. Over the period under review, imports of hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Argentina (X tons), Brazil (X tons) and the United States (X tons) were the main suppliers of imports of shampoos, hair lacquers and other preparations to Paraguay, with a combined 68% 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 the United States (with a CAGR of +21.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest shampoo, hair lacquer and other preparations suppliers to Paraguay were the United States ($X), Mexico ($X) and Argentina ($X), together accounting for 59% of total imports.

In terms of the main suppliers, the United States, with a CAGR of +24.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for shampoos, hair lacquers and other preparations amounted to $X per ton, jumping by 25% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform