During the first half of 2016 the Central American countries as a whole imported $329 million worth of beauty and personal hygiene products.
Data from the report on Imports of Beauty and Personal Care items in Central America,presented by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graphics"]
The year's end balance for the cosmetics industry reveals a noteworthy total amount of exports, with overseas sales up to October projected to be above $200 million.
From a statement issued by Agexport:
Guatemalan cosmetics and hygiene products have been in the hands of Dominicans and Central Americans since the 2016, they form a major part of the customers who demand these world-class items.The cosmetics sector highlights the total amount of its exports, projecting overseas sales above US $200 million up to October, and this year one of the most challenging and important aspects for the sector is to overcome challenges such as smuggling and counterfeiting.
The application of Article 27 of the Emergent Conservation of Employment Act has put on tenterhooks the feasibility of permanence in the country of 125 companies operating in the free zone.
An article on Prensalibre.com reports that "... the Emergent Conservation of Employment Act , in force since March 31, 2016, specifies that 43 activities can not be produced or marketed and developed from free zones, including pharmaceuticals, cosmetics, plastics and machinery, among other things. "
The deadline for ruling on applications for simplified registrations is now 5 working days from the moment the application is submitted, and validity of the registry of cosmetics and low risk foods has been extended to five years.
The simplified registration process for cosmetics and food is as follows:
The meeting in Guatemala will focus on various manufacturing segments, cosmetics, plastics, wood and food and beverages.
The 8th. edition of MANUFEXPORT Retail Supply will be held from on Septemberg 7th-8th 2016 in Santo Domingo del Cerro, Antigua Guatemala.
From a statement issued by Agexport:
The export manufacturing industry is a highly dynamic and innovative sector and every year implements new strategies and business models to potentiate its exports, which represent 30% of Guatemala's total exports and which generate about 200 thousand jobs. One of the goals set for this year, 2016, is to surpass by 6% the $3.585 million already exported, according to the Bank of Guatemala, from January to November 2015.
A study highlights basic grains, corn products, bread, broth, snacks, frozen seafood, shampoo, cosmetic powders and plastics for home use.
The study on market trends in manufacturing, agri-food and drinks in Mexico conducted in southeastern Mexico by the Promotion Agency for Exports and Investments in El Salvador (PROESA) indicates that one of the most important challenges for Salvadoran exporters to successfully enter the Mexican market is to increase their level of knowledge about the national supply in Mexico.
Small and medium Chilean companies trying to enter the Central American market this year, through lines of copper-based creams sun blocks, physical rehabilitation equipment, electro-stimulation systems and radiological shielding.
When the concepts "natural, organic and integral" were not as established as they are today, the Costa Rican brand Bioland set a firm course in that direction, and thirty years later, remains a leader in this market.
An article in Elfinancierocr.com makes clear from the first paragraph what is the essence of Bioland: the nonnegotiable philosophy of its founders for "... all-natural, healthy and environmentally friendly products."
Projections are that the nutraceutical and nutricosmetics industry will grow at rates of between 10% and 12% in the next five years.
From a statement issued by the Foreign Trade Promotion Office of Costa Rica (Procomer):
The global market for nutraceuticals continues to grow and forecasts also indicate that one of the key elements which will drive the market, according to sources such as Datamonitor, Mintel, TechNavio, Transparency, Global Industry Analysts and Research & Markets, is the increase in the population advanced in age, which results in increased demand for anti-aging and types of nutricosmetics which combat hair loss.
Of the $3,300 million worth of in skin creams, lotions and bleaching products for men sold worldwide in 2013, 64% was purchased by Asians.
Adding up to a total expense of $2.1 billion, Asian men outpace those in the U.S., who spent $286.4 million and Western European men who spent $682.9 million on personal care products in 2013. China, including Hong Kong, is the largest Asian market for men's skin care products with the equivalent of $974.8 million, an amount that could increase to $1.2 billion in 2014.
The market for personal care and cosmetics in Mexico ended 2013 with sales of $10,843,000, which placed it in tenth position in the world below markets such as France, Russia and Italy, according to Euromonitor International.
The trade show MANUFEXPORT to be held on October 1st - 2nd will bring together companies in the region and international buyers.
From a statement by the Guatemalan Exporters Association:
"AGEXPORT and the Chamber of Industry have jointly organized MANUFEXPORT 2014, Special Edition where 100 buyers from the U.S., Central America, Mexico, the Caribbean and Colombia will discover the range of food and beverages (perishable and non-perishable) plastics, personal care and cosmetics, cleaning products, paper converters and processors, and for the first time the categories of home furnishings, clothing, accessories and footwear for sale at stands."
The cosmetics industry in Latin America is one of the fastest growing in the world, with annual revenues reaching $80 billion.
This information was released by the Council of Associations in the Latin American Cosmetics Industry (Casic) during the nineteenth meeting of its board in Panama, which aims to encourage the cosmetic industry throughout Latin America.
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