Colombia: Market for Hair Lotion and Preparation 2024

Market Size for Hair Lotion and Preparation in Colombia

In 2022, the Colombian hair lotion and preparation market increased by X% to $X, rising for the second consecutive year after five years of decline. Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Hair Lotion and Preparation in Colombia

In value terms, hair lotion and preparation production fell to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Exports of Hair Lotion and Preparation

Exports from Colombia

In 2022, the amount of hair lotion and preparation exported from Colombia shrank to X tons, dropping by X% compared with the previous year. In general, total exports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked at X tons in 2021, and then contracted in the following year.

In value terms, hair lotion and preparation exports totaled $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Peru (X tons), Ecuador (X tons) and Mexico (X tons) were the main destinations of hair lotion and preparation exports from Colombia, with a combined X% share of total exports. The United States, Venezuela, Brazil, Guatemala, El Salvador, Costa Rica, Nicaragua, Germany, Panama and Chile lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Ecuador ($X), Peru ($X) and the United States ($X) were the largest markets for hair lotion and preparation exported from Colombia worldwide, with a combined X% share of total exports. Mexico, Brazil, Panama, Guatemala, Venezuela, Costa Rica, Germany, El Salvador, Chile and Nicaragua lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Germany, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average hair lotion and preparation export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price, however, recorded a noticeable reduction. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Nicaragua ($X 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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hair Lotion and Preparation

Imports into Colombia

In 2022, the amount of hair lotion and preparation imported into Colombia stood at X tons, picking up by X% against the previous year's figure. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable 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, hair lotion and preparation imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

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

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

Among the main suppliers, China, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2022, growing by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 Germany ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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