Cosmetics exports from Brazil post record USD 911 M in 2023

The cosmetics sector in Brazil ended 2023 with record-breaking revenue, at some USD 911.2 million derived from exports.

According to the Brazilian Association of the Personal Hygiene, Perfumery, and Cosmetics Industry (ABIHPEC), the international trade flow of personal hygiene, perfumery, and cosmetics products reached the figure of USD 1.74 billion in the consolidated data from January to December 2023. The value represents a 14.5% increase from 2022. Exports surged 17.4% and generated a record USD 911.2 million.

In terms of imports, the year-end result was USD 830.4 million, a 12.1% increase. The trade balance closed with a surplus of USD 80.8 million, growing by 130.2% compared to the previous year.

This marks the fourth consecutive year that the Brazilian personal hygiene, perfumery, and cosmetics industry has presented a trade surplus, standing out as the only segment within the chemical sector to keep this performance.

In 2023, Brazilian exports of HPPC products reached 176 countries. Topping the list is Argentina, with an export value of USD 166.0 million, a 14.4% increase compared to 2022.

The chart below shows Brazilian cosmetics exports (hs 33) shipped in containers every month between January 2019 to November 2023. The data is from DataLiner.

Brazilian Exports of Cosmetics | Jan 2019 – Nov 2023 | TEU

Source: DataLiner (click here to request a demo)

“Despite the positive balance, our exports to Argentina – one of our main trading partners – are below their potential,” emphasizes João Carlos Basilio, executive president of ABIHPEC. “In 2024, we hope to resume our exports to the country with greater predictability, following the redefinition and political stability in Argentina.”

In 2023, Hair Products were the major exports, reaching a value of USD 200.2 million, up 8.9%. This category represents 22% of the total exported from January to December. Soaps and Oral Hygiene products round up the podium, with an increase of 26% (USD 186.6 million) and 6.3% (USD 95.7 million), respectively. Fragrances stood out with significant growth of almost 39% in exports, even though they only occupy the sixth position in the overall ranking.

Source: Brazil Beauty News

Click here to read the original text: https://www.brazilbeautynews.com/industria-brasileira-de-cosmeticos-fecha-2023-com,4953

Sharing is caring!