Costa Rica: Market for Hair Lotion and Preparation 2024

Market Size for Hair Lotion and Preparation in Costa Rica

The Costa Rican hair lotion and preparation market rose significantly to $X in 2022, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market 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. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in the near future.

Exports of Hair Lotion and Preparation

Exports from Costa Rica

In 2022, the amount of hair lotion and preparation exported from Costa Rica dropped notably to X tons, which is down by X% compared with the year before. Overall, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, hair lotion and preparation exports contracted modestly to $X in 2022. In general, exports, however, saw prominent growth. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2021, and then contracted slightly in the following year.

Exports by Country

Guatemala (X tons), Panama (X tons) and El Salvador (X tons) were the main destinations of hair lotion and preparation exports from Costa Rica, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Panama (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hair lotion and preparation exported from Costa Rica were Panama ($X), Guatemala ($X) and El Salvador ($X), together comprising X% of total exports.

In terms of the main countries of destination, Panama, with a CAGR of X%, saw 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

The average hair lotion and preparation export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price showed strong growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: 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 Nicaragua (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hair Lotion and Preparation

Imports into Costa Rica

In 2022, hair lotion and preparation imports into Costa Rica shrank to X tons, waning by X% against the previous year's figure. Over the period under review, total imports indicated a notable increase 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, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then reduced in the following year.

In value terms, hair lotion and preparation imports expanded sharply to $X in 2022. The total import 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 2019 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Mexico (X tons) constituted the largest supplier of hair lotion and preparation to Costa Rica, accounting for a X% share of total imports. Moreover, hair lotion and preparation imports from Mexico exceeded the figures recorded by the second-largest supplier, Colombia (X tons), threefold. Spain (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Mexico amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (X% per year) and Spain (X% per year).

In value terms, Mexico ($X) constituted the largest supplier of hair lotion and preparation to Costa Rica, comprising X% of total imports. The second position in the ranking was taken by Colombia ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Mexico amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (X% per year) and Spain (X% per year).

Import Prices by Country

In 2022, the average hair lotion and preparation import price amounted to $X per ton, jumping by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, 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 the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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