Nicaragua: Personal Care Business Growing

In 2016 imports of makeup and skin care products grew by 7% compared to 2015, while imports of shampoo and hair preparations grew by 10% in the same period.

Monday, March 27, 2017

Hand in hand with the growth in Nicaraguan's purchasing power comes an increase in demand for luxury products and services such as haircuts and other specialized treatments in beauty salons or purchase of skin care products.

See also "Central America: Figures for Beauty and Personal Care Market"

Laprensa.com.ni reports that "...While in 2005 the country spent US $6.76 billion on imports of makeup and skin care products, last year the figure reached US $23 million, according to the Central Bank of Nicaragua (BCN). "

"... Meanwhile the Digital Cartography and Buildings Census at the BCN shows that there are 3,901 salons in 79 municipalities, of the 90 which are recorded in that document (excluding the two regions on the Caribbean Coast). Duvivier Castillo, president of the Association of Beauty Followers (Ascub) believes that growth in beauty centers is widespread in all departments of the country, because of growing demand. 'Ten years ago there were 2,500 stylists in Managua and now there are 5,000, they have grown a hundredfold'."


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

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