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Personal hygiene sector achieves record growth in 2023

May, 23, 2023 Posted by Gabriel Malheiros

Week 202321

The Brazilian personal hygiene, perfumery, and cosmetics industry experienced a remarkable surplus of 30.9% in the first four months of 2023 compared to the same period in 2022, reaching a total of US$ 29.2 million.

This increase can be attributed to the growth in exports, particularly in April, as indicated by data from the Brazilian Association of Personal Hygiene, Perfumery, and Cosmetics (ABIHPEC). Exports amounted to US$ 289.3 million from January to April, marking a significant increase of 17.2%.

See below Brazil’s exports of cosmetics and personal hygiene products (hs code 33) shipped in containers from maritime ports between Jan 2019 and Mar 2023. The data is from DataLiner.

Cosmetics and personal hygiene | Jan 2019 – Mar 2023 | TEU

Source: DataLiner (click here to request a demo)

These outstanding results have propelled the sector to achieve its highest surplus level in the past ten years. The categories that witnessed the most substantial growth in exports were hair products (18.4%), soaps (29.8%), and skin creams/protectors/tanning products (72%). In terms of imports, the sector recorded a total of US$ 260.0 million during the four-month period, reflecting a growth of 15.8%.

Source: Giro News

To read the original news source, please accees: https://www.gironews.com/farma-cosmeticos/alta-em-exportacoes-71834/

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