Follow us twitter facebook
Edition: Brazil
Click here to subscribe toour free weekly newsletter click here
Industry buzz

Cosmetic sales fall by 6.7% in Brazil from January to September 2015

A survey carried out by the Brazilian Association of the Cosmetic, Toiletry and Fragrance Industry (ABIHPEC) shows that sales fell by 6.7% in real terms between January and September 2015 compared with the same period last year.

The slump, which represents the industry’s first fall in 23 years, is the result of factors such as the political and economic instability that is affecting Brazil, the government decision at the beginning of this year to start levying the Manufactured Products Tax (IPI) on cosmetic distributors, the decline in consumer purchasing power and the water crisis, which has had an impact on sales of personal care products.

The employment rate remained stable in the first five months of the year. However, the fall in revenues caused by the higher tax burden with the IPI move and the increases foreseen in the Tax on Circulation of Goods and Services in 2016 have led to a fall in direct employment from June this year, resulting in a decline of 4.1% in September over the same period of 2014.

ABIHPEC pointed out that there were rises in direct employment in 2011 (8.3%), 2012 (1.6%), 2013 (2.6%) and 2014 (2.2%).

© 2015 - Brazil Beauty News - www.brazilbeautynews.com

latest news
Focus
Qualipac and Verescence winners of the Luxe Pack in Green Awards Monaco 2018

Qualipac and Verescence winners of the Luxe Pack in Green Awards Monaco 2018

On the occasion of the 31st edition of Luxe Pack Monaco, the Luxe Pack in Green awards jury deliberated to designate the 2018 winners. Every year the most environmentally friendly packaging solutions and corporate social responsibility initiatives receive recognition. Qualipac wins the award in the Packaging Solutions category (...)

read more
Experts’ views
Is Brazil the new Korea for hair?

Emmanuelle Bassmann
Is Brazil the new Korea for hair?

International Beauty Fair, South America’s largest trade beauty show, took place on September 08-11, 2018 in Sao Paolo, Brazil. Here is a short overview on the main trends that emerged during the event. Brazil has always been renowned for being innovative in the beauty sector. Historically, the beauty industry in Brazil accelerates (...)

read more

Features