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Trade balance of the Brazilian perfumery and cosmetics industry improves

The first signs of the economy recovery are still considered with caution by the Brazilian Association of the Personal Hygiene, Perfumery and Cosmetics Industry (ABIHPEC). In the first two months of the year, although the industry has achieved a trade surplus of US$ 9.6 million.

After two consecutive years of decline, the Brazilian hygiene, perfumery and cosmetics sector resumed growth in 2017. According to ABIHPEC, the whole market grew by 2.77% (once taxes and inflation have been deducted).

However, all over the course of 2017, the sector recorded a deficit in the balance due to an excessively high taxation of products reducing its competitiveness on foreign markets. According to ABIHPEC, the small recovery in the first two months of 2018 is not a cause for celebration, as competition on foreign markets remains extremely harsh. The surplus recorded in the last two months does not necessarily mean the recovery of the industry, but the beginning of a long way ahead for the resumption of the segment’s full potential.

In January and February, the Brazilian industry exported US$ 109.9 million, a growth of 16.5% over the same period of the previous year. Imports reached US$ 100.3 million, down 0.8% on the same basis of comparison.

In February, exports (US $ 3.9 million) were greater than imports and reached US$ 8.8 million. The last sectorial surplus ((US$ 3.9 million) had been recorded in May 2017.

The highlights of the period were shaving preparations and razor blades, that have recorded continuous export growth, and deodorants, that have registered continuous drop in importation.

Source: ABIHPEC

© 2018 - Brazil Beauty News - www.brazilbeautynews.com

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