Peru: Market for Hair Lotion and Preparation 2024

Market Size for Hair Lotion and Preparation in Peru

In 2021, the Peruvian hair lotion and preparation market increased by 16% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Hair Lotion and Preparation

Exports from Peru

Hair lotion and preparation exports from Peru skyrocketed to X tons in 2021, increasing by 49% against 2020 figures. Over the period under review, exports enjoyed a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, hair lotion and preparation exports surged to $X in 2021. Overall, exports continue to indicate a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Ecuador (X tons) was the main destination for hair lotion and preparation exports from Peru, with a 35% share of total exports. Moreover, hair lotion and preparation exports to Ecuador exceeded the volume sent to the second major destination, Spain (X tons), threefold. The third position in this ranking was held by Colombia (X tons), with a 9.2% share.

From 2012 to 2021, the average annual growth rate of volume to Ecuador amounted to +12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+26.4% per year) and Colombia (+2.2% per year).

In value terms, Ecuador ($X) remains the key foreign market for hair lotion and preparation exports from Peru, comprising 32% of total exports. The second position in the ranking was held by Spain ($X), with a 15% share of total exports. It was followed by Colombia, with an 8% share.

From 2012 to 2021, the average annual growth rate of value to Ecuador stood at +12.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+25.3% per year) and Colombia (-1.4% per year).

Export Prices by Country

In 2021, the average hair lotion and preparation export price amounted to $X per ton, which is down by -5.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2015 when the average export price increased by 10% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Bolivia ($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 Chile (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hair Lotion and Preparation

Imports into Peru

In 2021, approx. X tons of hair lotion and preparation were imported into Peru; increasing by 27% against 2020 figures. The total import volume increased at an average annual rate of +6.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, hair lotion and preparation imports surged to $X in 2021. The total import value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Colombia (X tons), Mexico (X tons) and Argentina (X tons) were the main suppliers of hair lotion and preparation imports to Peru, together accounting for 79% of total imports. Brazil, Italy, Spain and China lagged somewhat behind, together comprising a further 16%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +37.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hair lotion and preparation suppliers to Peru were Colombia ($X), Mexico ($X) and Argentina ($X), with a combined 70% share of total imports. Italy, Brazil, Spain and China lagged somewhat behind, together accounting for a further 21%.

China, with a CAGR of +24.7%, recorded the highest growth rate of 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 hair lotion and preparation import price stood at $X per ton in 2021, which is down by -6.4% against the previous year. In general, the import price saw a perceptible descent. The growth pace was the most rapid in 2018 when the average import price increased by 1.1%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (-0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform