| A Pleasing Year for Brazil's Cosmetics Overseas. Sales Are Up 20%. |
| Written by Geovana Pagel | |
| Thursday, 22 December 2005 | |
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Exports by Brazil's personal hygiene, perfumery and cosmetics industry grew 20% in 2005 and should reach US$ 400 million. The sector's total revenues should reach approximately US$ 6.3 billion, 14.5% more than in 2004, with 1.3 million tons sold. The figures were disclosed Wednesday, December 21, by the Brazilian Association of Toiletries, Perfumes & Cosmetics Industries (Abihpec). According to the president of the Abihpec, João Carlos Basílio da Silva, the forecast was for sector growth to be 20%, considering a scenery of inflation of between 7% and 7.5% and stable exchange rates. "With lower inflation than expected and appreciation of the Brazilian real against the dollar, the cosmetics industry limited itself to 5% price increases in its products, which reduced the revenue forecasts," he said. This year, according to the study by the Abihpec, the level of employment in sector companies has also grown. The increase registered was 6.62% between October 2004 and October 2005. The figures were supplied by 56 companies that, together, represent 72% of the market. New Markets The Brazilian cosmetics industry has expanded its brands abroad, although the countries in South America are still the main destinations. In recent years, new markets, like those of the Arab countries, entered the list of importers. The market in greatest expansion is that of the United Arab Emirates, followed by Lebanon, Jordan and Libya. According to figures supplied by the Abihpec, the organization is after expansion of the scope of buyers of sector products, mainly supporting the participation of Brazilian companies in foreign fairs. An example is the second participation in fair BeautyWorld Middle East, which took place between May 2 and 4 at Dubai Airport Expo, in the United Arab Emirates. At the event, 27 sector companies showed their products in an exclusive pavilion. In 2005 businessmen in the sector also participated in Cosmoprof Bologna, which took place between April 1 and 4, in Italy, in NACDS Market Place, between June 4 and 7, in New Orleans, and in Cosmoprof North America, from July 24 to 26, in Las Vegas. Abihpec estimates that domestic sales should grow 10% in 2006, resulting in revenues of over US$ 6.9 billion and a volume of 1.4 million tons, 7% more than in 2005. Sector companies should invest US$ 100 million a year up to 2010. The money will be turned mainly to expansion of factories that are in operation. Anba - www.anba.com.br Set as favorite Bookmark
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