Colombia - Cosmetics - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 27, 2024

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

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Cosmetics Price in Colombia - 2022

Contents:

  1. Cosmetics Price in Colombia (FOB) - 2022
  2. Cosmetics Price in Colombia (CIF) - 2022
  3. Cosmetics Exports in Colombia
  4. Cosmetics Imports in Colombia

Cosmetics Price in Colombia (FOB) - 2022

The average cosmetics export price stood at $8,515 per ton in 2022, increasing by 14% against the previous year. Overall, the export price, however, showed a noticeable decrease. The export price peaked at $10,799 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($15,157 per ton), while the average price for exports to Mexico ($5,387 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 Panama (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Cosmetics Price in Colombia (CIF) - 2022

In 2022, the average cosmetics import price amounted to $13,337 per ton, surging by 19% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The import price peaked at $14,346 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($32,982 per ton), while the price for Mexico ($5,497 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Cosmetics Exports in Colombia

Cosmetics exports from Colombia declined to 22K tons in 2022, which is down by -5% against 2021. The total export volume increased at an average annual rate of +2.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 23%. As a result, the exports reached the peak of 23K tons, and then declined in the following year.

In value terms, cosmetics exports stood at $188M in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year.

Export of Cosmetics in Colombia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Mexico50.843.944.642.4-5.8%
Peru35.021.629.031.9-3.0%
Ecuador33.023.023.230.3-2.8%
United States4.27.514.622.775.5%
Chile16.514.419.515.1-2.9%
Panama6.85.66.37.01.0%
Dominican Republic6.34.96.46.82.6%
Guatemala6.45.25.45.4-5.5%
Costa Rica6.75.04.74.8-10.5%
Bolivia6.74.34.54.3-13.7%
El Salvador4.83.44.23.6-9.1%
Others10.811.010.513.47.5%
Total1881501731880.0%

Top Export Markets for Cosmetics from Colombia in 2022:

  1. Mexico (7.9K tons)
  2. Ecuador (3.1K tons)
  3. Peru (2.6K tons)
  4. United States (2.4K tons)
  5. Chile (2.0K tons)
  6. Dominican Republic (0.8K tons)
  7. Panama (0.5K tons)
  8. Costa Rica (0.5K tons)
  9. Guatemala (0.5K tons)
  10. Bolivia (0.4K tons)
  11. El Salvador (0.3K tons)

Cosmetics Imports in Colombia

In 2022, the amount of cosmetics imported into Colombia rose sharply to 16K tons, increasing by 11% compared with 2021 figures. The total import volume increased at an average annual rate of +5.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cosmetics imports soared to $207M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +12.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.8% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Cosmetics in Colombia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States26.122.124.429.23.8%
Spain15.415.123.328.022.1%
France17.413.819.027.316.2%
China13.814.116.626.524.3%
Brazil17.212.913.417.81.1%
Mexico11.611.113.017.113.8%
Poland8.07.510.712.415.7%
Chile2.81.21.00.1-67.1%
Others33.426.235.348.313.1%
Total14612415720712.3%

Top Suppliers of Cosmetics to Colombia in 2022:

  1. Chile (undefinedK tons)
  2. China (4.1K tons)
  3. Mexico (3.1K tons)
  4. Spain (2.5K tons)
  5. Poland (1.6K tons)
  6. Brazil (1.0K tons)
  7. United States (0.9K tons)
  8. France (0.8K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the cosmetics market in Colombia. 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:

  • Colombia

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Colombia
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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