Report Update: May 1, 2024

Chile - Cosmetics - Market Analysis, Forecast, Size, Trends And Insights

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Cosmetics Price in Chile - 2023

Cosmetics Price in Chile (CIF) - 2022

The average cosmetics import price stood at $11,512 per ton in 2022, with an increase of 16% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced decline. The growth pace was the most rapid in 2021 when the average import price increased by 27% against the previous year. The import price peaked at $20,656 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 the United States ($23,175 per ton), while the price for Mexico ($3,891 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 (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Cosmetics Price in Chile (FOB) - 2022

The average cosmetics export price stood at $10,894 per ton in 2022, with an increase of 59% against the previous year. In general, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cosmetics export price increased by +61.0% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($17,777 per ton), while the average price for exports to Venezuela ($3,759 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 the United States (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Cosmetics Imports in Chile

After three years of growth, overseas purchases of cosmetics decreased by -18.7% to 25K tons in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +9.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +32.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year. As a result, imports attained the peak of 31K tons, and then shrank markedly in the following year.

In value terms, cosmetics imports shrank to $293M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +14.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 73% against the previous year. As a result, imports reached the peak of $311M, and then dropped in the following year.

Import of Cosmetics in Chile (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	29.3	26.9	47.9	48.9	18.6%
United States	32.6	29.2	46.3	42.0	8.8%
China	24.5	22.3	44.2	37.0	14.7%
Spain	14.9	11.9	24.2	27.7	23.0%
Colombia	24.1	18.0	29.9	23.7	-0.6%
Germany	7.2	8.0	16.6	19.0	38.2%
Mexico	8.9	9.5	19.9	18.8	28.3%
Brazil	13.0	12.5	16.3	16.1	7.4%
Argentina	13.3	13.5	17.6	10.5	-7.6%
Poland	5.0	2.8	5.3	6.3	8.0%
Others	24.7	25.1	42.8	42.8	20.1%
Total	197	180	311	293	14.1%

Top Suppliers of Cosmetics to Chile in 2022:

China (6.4K tons)
Mexico (4.8K tons)
France (2.3K tons)
Colombia (2.0K tons)
United States (1.8K tons)
Brazil (1.6K tons)
Spain (1.4K tons)
Germany (1.2K tons)
Argentina (1.1K tons)
Poland (0.4K tons)

Cosmetics Exports in Chile

For the third consecutive year, Chile recorded decline in overseas shipments of cosmetics, which decreased by -82.3% to 631 tons in 2022. Over the period under review, exports recorded a dramatic curtailment. The smallest decline of -11% was in 2020.

In value terms, cosmetics exports shrank sharply to $6.9M in 2022. Overall, exports showed a sharp slump. The smallest decline of -4.4% was in 2020.

Export of Cosmetics in Chile (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Peru	3.7	3.3	2.6	1.9	-19.9%
Bolivia	3.0	2.5	2.2	1.5	-20.6%
Uruguay	0.6	0.7	1.0	0.5	-5.9%
Argentina	6.9	6.9	5.4	0.5	-58.3%
Mexico	1.0	0.9	1.3	0.4	-26.3%
United States	0.6	0.3	0.4	0.4	-12.6%
Paraguay	1.3	1.1	1.0	0.4	-32.5%
Guatemala	0.8	0.8	0.7	0.3	-27.9%
Brazil	9.0	11.2	7.5	0.1	-77.7%
Colombia	2.7	1.1	1.1	0.1	-66.7%
Ecuador	1.3	0.8	0.7	0.1	-57.5%
Others	0.8	0.7	0.4	0.6	-9.1%
Total	31.8	30.4	24.5	6.9	-39.9%

Top Export Markets for Cosmetics from Chile in 2022:

Peru (139.1 tons)
Bolivia (117.9 tons)
Uruguay (86.0 tons)
Argentina (64.8 tons)
Guatemala (54.0 tons)
Paraguay (42.4 tons)
United States (31.9 tons)
Mexico (25.2 tons)
Colombia (17.7 tons)
Brazil (16.8 tons)
Ecuador (6.2 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the cosmetics market in Chile. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20421250 - Lip make-up preparations
Prodcom 20421270 - Eye make-up preparations
Prodcom 20421300 - Manicure or pedicure preparations
Prodcom 20421400 - Powders, whether or not compressed, for cosmetic use (including talcum powder)
Prodcom 20421500 - Beauty, make-up and skin care preparations including suntan (excluding medicaments, lip and eye make-up, manicure and pedicure preparations, powders for cosmetic use and talcum powder)

Country coverage:

Chile

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Chile
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023