Mexico: Personal Anti-Perspirants Market 2022

Personal Anti-Perspirants Market Size in Mexico

In 2021, the Mexican personal anti-perspirants market decreased by -X% to $X, falling for the third year in a row after three years of growth. In general, consumption recorded a deep reduction. Personal anti-perspirants consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Personal Anti-Perspirants Production in Mexico

In value terms, personal anti-perspirants production expanded markedly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Personal Anti-Perspirants Exports

Exports from Mexico

In 2021, approx. X tons of personal deodorants and anti-perspirants were exported from Mexico; rising by X% on the year before. Overall, total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2018 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, personal anti-perspirants exports surged to $X in 2021. The total export value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for personal anti-perspirants exports from Mexico, with a X% share of total exports. Moreover, personal anti-perspirants exports to the United States exceeded the volume sent to the second major destination, Guatemala (X tons), sevenfold. Chile (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+X% per year) and Chile (+X% per year).

In value terms, the United States ($X) remains the key foreign market for personal anti-perspirants exports from Mexico, comprising X% of total exports. The second position in the ranking was taken by Chile ($X), with an X% share of total exports. It was followed by Colombia, with a X% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+X% per year) and Colombia (-X% per year).

Export Prices by Country

The average personal anti-perspirants export price stood at $X per ton in 2021, shrinking by -X% against the previous year. In general, the export price continues to indicate a mild decrease. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Honduras ($X per ton), while the average price for exports to Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Personal Anti-Perspirants Imports

Imports into Mexico

In 2021, purchases abroad of personal deodorants and anti-perspirants decreased by -X% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 when imports increased by X%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, personal anti-perspirants imports declined remarkably to $X in 2021. In general, imports showed a noticeable downturn. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) constituted the largest personal anti-perspirants supplier to Mexico, accounting for a X% share of total imports. Moreover, personal anti-perspirants imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was taken by Brazil (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Brazil (-X% per year).

In value terms, the United States ($X) constituted the largest supplier of personal anti-perspirants to Mexico, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Canada, with a X% share.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Canada (+X% per year).

Import Prices by Country

The average personal anti-perspirants import price stood at $X per ton in 2021, growing by X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. As a result, import price reached 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 2021, the country with the highest price was Canada ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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