Peru: Market for Beauty, Make-Up And Skin Care Preparations 2024

Market Size for Beauty, Make-Up And Skin Care Preparations in Peru

In 2022, the Peruvian market for beauty, make-up and skin care preparations decreased by -9.7% to $X for the first time since 2011, thus ending a ten-year rising trend. Over the period under review, consumption, however, posted a significant expansion. Consumption of peaked at $X in 2021, and then contracted in the following year.

Exports of Beauty, Make-Up And Skin Care Preparations

Exports from Peru

Exports of beauty, make-up and skin care preparations from Peru shrank to X tons in 2022, declining by -7.8% compared with the previous year's figure. In general, exports continue to indicate a deep slump. The growth pace was the most rapid in 2021 with an increase of 17%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of beauty, make-up and skin care preparations shrank to $X in 2022. Overall, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 17%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Ecuador (X tons) was the main destination for exports of beauty, make-up and skin care preparations from Peru, with a 53% share of total exports. Moreover, exports of beauty, make-up and skin care preparations to Ecuador exceeded the volume sent to the second major destination, Colombia (X tons), threefold. The third position in this ranking was taken by Bolivia (X tons), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume to Ecuador stood at +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-16.9% per year) and Bolivia (-12.7% per year).

In value terms, Ecuador ($X), Colombia ($X) and Bolivia ($X) appeared to be the largest markets for beauty, make-up and skin care preparations exported from Peru worldwide, together comprising 85% of total exports. Chile, Mexico and Venezuela lagged somewhat behind, together accounting for a further 10%.

Among the main countries of destination, Mexico, with a CAGR of +4.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for beauty, make-up and skin care preparations stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2014 an increase of 12%. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Venezuela ($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 Chile (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Beauty, Make-Up And Skin Care Preparations

Imports into Peru

In 2022, imports of beauty, make-up and skin care preparations into Peru shrank to X tons, declining by -12% on 2021. In general, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +5.6% 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 +72.5% against 2012 indices. The pace of growth was the most pronounced in 2021 with an increase of 31%. As a result, imports attained the peak of X tons, and then declined in the following year.

In value terms, imports of beauty, make-up and skin care preparations shrank to $X in 2022. Over the period under review, imports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2019 when imports increased by 22% against the previous year. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

Colombia (X tons), China (X tons) and Mexico (X tons) were the main suppliers of imports of beauty, make-up and skin care preparations to Peru, with a combined 50% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +29.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), France ($X) and Spain ($X) were the largest beauty, make-up and skin care preparations suppliers to Peru, together accounting for 45% of total imports. The United States, Brazil, Poland, Mexico, China, Chile and Guatemala lagged somewhat behind, together comprising a further 33%.

China, with a CAGR of +28.6%, recorded 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

The average import price for beauty, make-up and skin care preparations stood at $X per ton in 2022, growing by 3.8% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 12% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a 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 France ($X per ton), while the price for Guatemala ($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 (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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