Mexico - Cosmetics - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCosmetics Price in Mexico - 2023
Contents:
- Cosmetics Price in Mexico (CIF) - 2022
- Cosmetics Price in Mexico (FOB) - 2022
- Cosmetics Imports in Mexico
- Cosmetics Exports in Mexico
Cosmetics Price in Mexico (CIF) - 2022
In 2022, the average cosmetics import price amounted to $16,412 per ton, declining by -20.1% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average import price increased by 35%. Over the period under review, average import prices attained the maximum at $30,521 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
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 ($35,822 per ton), while the price for China ($3,955 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+18.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Cosmetics Price in Mexico (FOB) - 2022
The average cosmetics export price stood at $7,578 per ton in 2022, jumping by 17% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 117%. Over the period under review, the average export prices reached the peak figure at $26,611 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
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 Brazil ($12,125 per ton), while the average price for exports to Guatemala ($3,155 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 Brazil (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.
Cosmetics Imports in Mexico
In 2022, imports of cosmetics into Mexico surged to 42K tons, with an increase of 42% against the previous year. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 58%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, cosmetics imports expanded rapidly to $695M in 2022. The total import value increased at an average annual rate of +4.3% over the period from 2019 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 26%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
Import of Cosmetics in Mexico (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 222 | 171 | 188 | 195 | -4.2% |
France | 85.0 | 64.2 | 107 | 125 | 13.7% |
Colombia | 53.8 | 44.7 | 59.8 | 73.5 | 11.0% |
Spain | 25.2 | 23.1 | 42.8 | 64.0 | 36.4% |
China | 55.6 | 41.5 | 50.8 | 50.0 | -3.5% |
Brazil | 26.6 | 29.0 | 36.8 | 43.5 | 17.8% |
Canada | 17.8 | 13.6 | 14.9 | 24.7 | 11.5% |
Italy | 28.9 | 19.0 | 20.3 | 21.8 | -9.0% |
South Korea | 16.9 | 14.0 | 19.4 | 19.9 | 5.6% |
Poland | 15.6 | 9.6 | 11.3 | 17.4 | 3.7% |
Others | 64.7 | 52.8 | 59.8 | 60.0 | -2.5% |
Total | 612 | 483 | 610 | 695 | 4.3% |
Top Suppliers of Cosmetics to Mexico in 2022:
- China (12.7K tons)
- Colombia (8.7K tons)
- United States (5.6K tons)
- France (4.4K tons)
- Brazil (3.1K tons)
- Spain (1.8K tons)
- Canada (1.2K tons)
- Poland (1.1K tons)
- South Korea (1.1K tons)
- Italy (0.7K tons)
Cosmetics Exports in Mexico
For the fourth consecutive year, Mexico recorded growth in overseas shipments of cosmetics, which increased by 2.8% to 58K tons in 2022. In general, exports continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 201%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, cosmetics exports surged to $437M in 2022. The total export value increased at an average annual rate of +10.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Cosmetics in Mexico (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 221 | 239 | 278 | 340 | 15.4% |
Guatemala | 21.2 | 15.1 | 16.2 | 17.4 | -6.4% |
Colombia | 18.3 | 11.3 | 11.3 | 12.7 | -11.5% |
Chile | 8.9 | 9.0 | 13.0 | 11.4 | 8.6% |
Argentina | 7.6 | 7.2 | 6.1 | 9.7 | 8.5% |
Costa Rica | 7.7 | 7.0 | 6.8 | 9.4 | 6.9% |
Peru | 7.1 | 5.4 | 6.0 | 7.6 | 2.3% |
El Salvador | 3.6 | 5.0 | 4.5 | 4.6 | 8.5% |
Others | 32.8 | 21.9 | 20.4 | 23.8 | -10.1% |
Total | 328 | 321 | 362 | 437 | 10.0% |
Top Export Markets for Cosmetics from Mexico in 2022:
- United States (37.5K tons)
- Guatemala (5.5K tons)
- Colombia (2.7K tons)
- Chile (2.4K tons)
- Argentina (2.1K tons)
- Costa Rica (1.2K tons)
- Peru (1.0K tons)
- El Salvador (0.9K tons)
This report provides an in-depth analysis of the cosmetics market in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20421250 - Lip make-up preparations
- Prodcom 20421270 - Eye make-up preparations
- Prodcom 20421300 - Manicure or pedicure preparations
- Prodcom 20421400 - Powders, whether or not compressed, for cosmetic use (including talcum powder)
- Prodcom 20421500 - Beauty, make-up and skin care preparations including suntan (excluding medicaments, lip and eye make-up, manicure and pedicure preparations, powders for cosmetic use and talcum powder)
Country coverage:
- Mexico
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Mexico
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the cosmetics market in Mexico.
This report provides an in-depth analysis of the eye make-up preparations market in Mexico.
This report provides an in-depth analysis of the lip make-up preparations market in Mexico.
This report provides an in-depth analysis of the market for manicure or pedicure preparations in Mexico.
This report provides an in-depth analysis of the market for talcum and cosmetic powder in Mexico.
This report provides an in-depth analysis of the market for beauty, make-up and skin care preparations in Mexico.
This report provides an in-depth analysis of the global cosmetics market.
This report provides an in-depth analysis of the global eye make-up preparations market.
This report provides an in-depth analysis of the global lip make-up preparations market.
This report provides an in-depth analysis of the global market for manicure or pedicure preparations.
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The pandemic hit the cosmetic market hard due to the closures of retail outlets. The market responds by switching to personal care goods and developing innovative digital services. While China remains the global leader in terms of cosmetics consumption, Hong Kong and Singapore feature the highest cosmetics per capita consumption in the world.
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