Ecuador: Market for Hair Lotion and Preparation 2024

Market Size for Hair Lotion and Preparation in Ecuador

The Ecuadorian hair lotion and preparation market surged 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). In general, the total consumption indicated a perceptible increase from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the near future.

Exports of Hair Lotion and Preparation

Exports from Ecuador

After two years of decline, shipments abroad of hair lotion and preparation increased by X% to X tons in 2022. In general, exports, however, recorded a significant curtailment. 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 skyrocketed to $X in 2022. Overall, exports, however, showed a dramatic setback. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Peru (X tons), Panama (X tons) and Chile (X tons) were the main destinations of hair lotion and preparation exports from Ecuador, with a combined X% share of total exports. Costa Rica, the United States, Venezuela, Colombia and Bolivia 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 Costa Rica (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

In terms of the main countries of destination, the United States, with a CAGR of X%, 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

In 2022, the average hair lotion and preparation export price amounted to $X per ton, which is down by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then contracted in the following year.

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

Imports of Hair Lotion and Preparation

Imports into Ecuador

Hair lotion and preparation imports into Ecuador was estimated at X tons in 2022, surging by X% on 2021. 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, hair lotion and preparation imports skyrocketed to $X in 2022. In general, total imports indicated a notable increase from 2012 to 2022: its value 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 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Colombia (X tons) constituted the largest hair lotion and preparation supplier to Ecuador, accounting for a X% share of total imports. Moreover, hair lotion and preparation imports from Colombia exceeded the figures recorded by the second-largest supplier, Mexico (X tons), threefold. The third position in this ranking was taken by Peru (X tons), with a X% share.

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

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

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

Import Prices by Country

In 2022, the average hair lotion and preparation import price amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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