Latin America and the Caribbean: Market for Hair Lotion and Preparation 2024

Market Size for Hair Lotion and Preparation in Latin America and the Caribbean

After two years of decline, the Latin American hair lotion and preparation market increased by X% to $X in 2022. Overall, consumption, however, continues to indicate a abrupt downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Hair Lotion and Preparation in Latin America and the Caribbean

In value terms, hair lotion and preparation production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Hair Lotion and Preparation

Exports in Latin America and the Caribbean

In 2022, after two years of growth, there was decline in overseas shipments of hair lotion and preparation, when their volume decreased by X% to X tons. Overall, exports continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, hair lotion and preparation exports rose significantly to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Mexico (X tons) represented the largest exporter of hair lotion and preparation, mixing up X% of total exports. Brazil (X tons) held the second position in the ranking, followed by Colombia (X tons). All these countries together took near X% share of total exports. Argentina (X tons) and the Dominican Republic (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to hair lotion and preparation exports from Mexico stood at X%. At the same time, the Dominican Republic (X%) and Colombia (X%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Brazil (X%) and Argentina (X%) illustrated a downward trend over the same period. While the share of Colombia (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest hair lotion and preparation supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Brazil ($X), with a X% share of total exports. It was followed by Colombia, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Mexico was relatively modest. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Colombia (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, increasing by X% against the previous year. Export price indicated a pronounced increase from 2012 to 2022: its price 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, hair lotion and preparation export price decreased by X% against 2018 indices. The growth pace was the most rapid in 2016 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Argentina ($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 other leaders experienced more modest paces of growth.

Imports of Hair Lotion and Preparation

Imports in Latin America and the Caribbean

Hair lotion and preparation imports shrank slightly to X tons in 2022, approximately equating the previous year's figure. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, hair lotion and preparation imports expanded notably to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of hair lotion and preparation imports in 2022 were Chile (X tons), Mexico (X tons), Peru (X tons), Colombia (X tons), Argentina (X tons), Guatemala (X tons), Ecuador (X tons), El Salvador (X tons), Honduras (X tons), Paraguay (X tons), Costa Rica (X tons) and Venezuela (X tons), together recording X% of total import. Panama (X tons) took a little share of total imports.

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

In value terms, Mexico ($X), Chile ($X) and Peru ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Colombia, Ecuador, Argentina, Guatemala, El Salvador, Paraguay, Costa Rica, Honduras, Panama and Venezuela lagged somewhat behind, together comprising a further X%.

El Salvador, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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