Brazil Hopeful Crisis Will Boost Cosmetics Exports

Brazilian cosmetics The Brazilian Association of Toiletries, Perfumes & Cosmetics Industries (Abihpec) estimates that sector revenues in 2008 should reach 21.2 billion Brazilian reais (US$ 8.9 billion), growth of 8.6% over the previous year. According to the organization, another positive factor is a trade balance surplus of US$ 200 million.

The figures were disclosed by the Abihpec, which estimates that  sector exports should end the year at US$ 650 million, against US$ 450 million in imports. A press statement disclosed by the organization shows that the personal hygiene, perfumery and cosmetics product sector is the only one in the chemical complex (which includes cleaning product, pharmaceutical, paint and fertilizer industries, among others) to present a surplus.

According to the president at Abihpec, João Carlos Basí­lio, sector exports still have space for growth. The president of the organization also stated that this is a fragile moment for the economies of North America and Europe, which could help increase the competitiveness of Brazilian companies on the international market.

Despite the crisis, the sector has not yet noticed negative consequences, as the companies do not depend on easy credit for consumers to buy personal hygiene, perfumery and cosmetics products. "Crisis and opportunity are two sides of the same coin," said Basí­lio, in an Abihpec press statement.

One of the markets that the sector is going to continue betting on in 2009 is the Arab market. The organization should participate once more in the Beautyworld Middle East fair, in the cosmetics sector, to take place in Dubai, in the United Arab Emirates, in June.

According to figures disclosed on the Abihpec site, the total value of sales of beauty products in the Middle East in 2007 reached US$ 2.1 billion. In the United Arab Emirates alone, the beauty and spa market should exceed US$ 600 million in 2009.

Anba

Tags:

  • Show Comments (1)

  • ch.c.

    Whoaaaaa !
    Do brazilians spend ONLY US$ 4.- per month (using wholesale prices measures…not retail) for Toiletries, Perfumes & Cosmetics ?????
    That include soaps, liquids soaps, shampoo, deodorants. creams etc etc ! Isnt it ??????

    You cant say Noooooo ! You have the numbers !

    Whoaaaaaaa !

    Instead of trying to export more, wash and clean yourselves MORE….FIRST ! Same for your food exports…with your 25 % of the population…UNDER NOURRISHED !!!!

    😮 😮 😮 😥

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Favela Rising, the movie on Rio's shantytown

Favela Rising: a Brazilian Story of Hope Inspires the World

My close friend and co-filmmaker Matt Mochary called me on the phone from a ...

Brazil’s Bank Workers Union Goes on National Strike

Latin American stocks sank deep into the red, as investors continued to take profits, ...

A Legacy of Rio Olympics: 4,000 Families Evicted

The official website for the Rio de Janeiro 2016 Olympic Games proclaims on its ...

Brazil Led Agrofuel Revolution Is Anything But Revolutionary

Agrofuel development has arrived on the global stage. Just this year, the number of ...

In Brazil 90 Million Have No Sewage Collection

The Inter-American Development Bank (IDB) and Brazil’s Ministry of Cities signed a loan contract worth ...

Brazil Is Mapping Country’s Fishing Sector

A Brazilian government survey will map the fishing sector to help plan the country’s ...

It’s Northeast’s Time in Brazil, Says Lula

Brazilian President Luiz Inácio Lula da Silva, speaking on his fortnightly radio program, Breakfast ...

Lower Interests Expectation Takes Brazil Market to Record High

Brazilian and Latin American shares rose, as investors await the unveiling of Argentina’s acceptance ...

Brazilian and Arabs Don’t Want US Observers in their Summit

The Secretary General of the League of Arab States, Amr Mussa, said on his ...