Venezuela: Market for Manicure Or Pedicure Preparations 2024

Market Size for Manicure Or Pedicure Preparations in Venezuela

After three years of growth, the Venezuelan manicure or pedicure preparations market decreased by -93.6% to $X in 2021. Overall, consumption showed a dramatic descent. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Manicure Or Pedicure Preparations

Exports from Venezuela

In 2021, approx. X tons of manicure or pedicure preparations were exported from Venezuela; picking up by 171% on the year before. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by 395%. Over the period under review, the exports hit record highs at X tons in 2012; afterwards, it flattened through to 2021.

In value terms, manicure or pedicure preparations exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a slight decrease. The growth pace was the most rapid in 2016 when exports increased by 432% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Honduras (X tons) was the main destination for manicure or pedicure preparations exports from Venezuela, with a 52% share of total exports. Moreover, manicure or pedicure preparations exports to Honduras exceeded the volume sent to the second major destination, Spain (X tons), twofold. The third position in this ranking was taken by the United States (X tons), with a 22% share.

From 2012 to 2021, the average annual growth rate of volume to Honduras amounted to +70.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+28.7% per year) and the United States (+74.4% per year).

In value terms, the largest markets for manicure or pedicure preparations exported from Venezuela were Spain ($X), the United States ($X) and Honduras ($X), with a combined 98% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +53.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average manicure or pedicure preparations export price stood at $X per ton in 2021, dropping by -22.9% against the previous year. In general, the export price saw a mild decrease. The most prominent rate of growth was recorded in 2013 when the average export price increased by 117%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Spain ($X per ton), while the average price for exports to Panama ($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 (+6.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Manicure Or Pedicure Preparations

Imports into Venezuela

In 2021, after three years of growth, there was significant decline in purchases abroad of manicure or pedicure preparations, when their volume decreased by -62% to X tons. Over the period under review, imports recorded a significant decrease. The pace of growth appeared the most rapid in 2018 when imports increased by 140% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, manicure or pedicure preparations imports shrank remarkably to $X in 2021. Overall, imports continue to indicate a dramatic curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 107% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Panama (X tons) and the United States (X kg) were the main suppliers of manicure or pedicure preparations imports to Venezuela, together accounting for 97% of total imports.

From 2012 to 2021, the biggest increases were in China (with a CAGR of -0.5%), while purchases for the other leaders experienced a decline.

In value terms, Panama ($X) constituted the largest supplier of manicure or pedicure preparations to Venezuela, comprising 76% of total imports. The second position in the ranking was taken by China ($X), with a 15% share of total imports. It was followed by Spain, with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Panama was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-5.7% per year) and Spain (-23.8% per year).

Import Prices by Country

The average manicure or pedicure preparations import price stood at $X per ton in 2021, declining by -27.6% against the previous year. Over the period under review, the import price, however, saw perceptible growth. The pace of growth was the most pronounced in 2015 when the average import price increased by 58%. Over the period under review, average import prices attained the maximum at $X per ton in 2020, and then contracted dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Panama ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+25.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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