Cosmetics: High Costs to Enter the Market

Obtaining health records in Panama is a complex task, since it is the only Central American country that requests physical samples of new toiletries and cosmetics.

Tuesday, April 30, 2019

Another factor influencing delays in the issuance of health records is the need for new procedure manuals and more staff, according to local authorities.

You may be interested in "Beauty and Personal Care: Purchases up to September 2018"

Melissa Perez de Patterson, president of the Central American and Caribbean Chamber of Cosmetics and Cleaning Products (Cacecos), explained to Elcapitalfinanciero.com that "... Panama is the country in the Central American region that presents the greatest barriers to trade in terms of registration processes for toiletries and cosmetics, as it is the only country in the region that requests physical samples for the Sanitary Registration of cosmetic and hygiene products."

Perez added that "... it is complex to present the sample of a product that is not yet on the market. These actions result in 'Panamanian citizens do not have access to innovative products in the categories of cosmetics and toiletries that do enter the other countries of the region.

Regarding that the regulations for the issuance of health registrations of medicines and cosmetics is the same, Rosa Buitrago del Rosal, dean of the Faculty of Pharmacy of the University of Panama, believes that cosmetics could be regulated with different regulations to medicines and other therapeutic areas.

Reports from CentralAmericaData state that in the first nine months of 2018 the main importer of beauty and personal care articles in Central America was Guatemala, with $86 million, followed by Costa Rica, with $74 million, Panama, with $61 million, El Salvador, with $60 million, Honduras, with $42 million and Nicaragua, with $36 million.

Do you need more information about your business sector?

Request more information:








this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423


More on this topic

Beauty and Personal Care: Advances in the Region

March 2019

Through a regional association, companies dedicated to the cosmetics and personal care business in Central America work together to help simplify procedures and improve health regulations.

The aim of the association, composed of guilds from several countries in the region and manufacturing and importing companies, is to support government institutions in the creation of standards and rules that facilitate trade and improve conditions of access to markets, both regionally and to the external market.

Beauty and Personal Care: Figures in 2017

June 2018

Last year imports of beauty and personal care products in Central America amounted to $489 million, representing a 2% increase with respect to 2016.

Figures from the information system on the Beauty and Personal Hygiene Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]

The Personal Care Business in Guatemala

October 2017

In 2016, imports of beauty and personal hygiene products totaled $104 million, and the value imported from the United States increased 13%.

Figures from the Information System on the Beauty and Personal Care Market in Guatemala complied by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption="Clic to interact with the chart"]

Personal Care: A $477 Million Business

July 2017

In 2016, Central American countries imported $477 million worth of beauty and personal hygiene articles, and 60% came from Mexico, the United States and Colombia.

Figures from the Information System on the Beauty and Personal Care Market in Central America prepared by the Business Intelligence Unit at CentralAmericaData: [Figure caption = "Click to interact with the graphic"]

 close (x)

Receive more news about Personal care

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Looking for Importers and distributors of furniture

Mexican manufacturer of office furniture seeks importers and distributors interested in dealing their products in Central America.
PM Steele is a 100% Mexican company, with more than 67...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Jun 5)
Brent Crude Oil
42.18
Coffee "C"
100.65
Gold
1,684
Silver
17.570