Venezuela: Market for Hair Lotion and Preparation 2024

Market Size for Hair Lotion and Preparation in Venezuela

In 2021, the Venezuelan hair lotion and preparation market increased by 254% to $X, rising for the third year in a row after four years of decline. In general, consumption, however, showed a sharp curtailment. Hair lotion and preparation consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Hair Lotion and Preparation

Exports from Venezuela

In 2021, the amount of hair lotion and preparation exported from Venezuela soared to X tons, picking up by 31% against the year before. In general, exports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2015 when exports increased by 66% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, hair lotion and preparation exports soared to $X in 2021. Overall, exports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 172%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Panama (X tons) and Trinidad and Tobago (X tons) were the main destinations of hair lotion and preparation exports from Venezuela, together comprising 100% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Trinidad and Tobago (with a CAGR of +407.0%), while the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) remains the key foreign market for hair lotion and preparation exports from Venezuela, comprising 71% of total exports. The second position in the ranking was taken by Panama ($X), with a 25% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States stood at -11.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+20.6% per year) and Trinidad and Tobago (+162.5% per year).

Export Prices by Country

The average hair lotion and preparation export price stood at $X per ton in 2021, with a decrease of -5.6% against the previous year. Overall, the export price continues to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2020 when the average export price increased by 79% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Trinidad and Tobago ($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 Colombia (+15.1%), while the prices for the other major destinations experienced a decline.

Imports of Hair Lotion and Preparation

Imports into Venezuela

In 2021, supplies from abroad of hair lotion and preparation increased by 266% to X tons, rising for the third year in a row after six years of decline. Over the period under review, imports, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2019 when imports increased by 390%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, hair lotion and preparation imports surged to $X in 2021. In general, imports, however, faced a precipitous setback. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Brazil (X tons) constituted the largest hair lotion and preparation supplier to Venezuela, with a 46% share of total imports. Moreover, hair lotion and preparation imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Colombia (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Brazil was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+22.2% per year) and Colombia (-15.0% per year).

In value terms, the largest hair lotion and preparation suppliers to Venezuela were Brazil ($X), Colombia ($X) and China ($X), with a combined 68% share of total imports. These countries were followed by Spain, Turkey, Italy, Mexico, the United States and Lebanon, which together accounted for a further 20%.

Among the main suppliers, Turkey, with a CAGR of +176.0%, 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

The average hair lotion and preparation import price stood at $X per ton in 2021, waning by -11.4% against the previous year. Over the period under review, the import price saw a pronounced decline. The pace of growth was the most pronounced in 2018 when the average import price increased by 28%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform