Chile

Overview

• The  Chile economy has remained stronger than many other leading economies in the region. FocusEconomics predicts that GDP will grow by 3.0% in 2018 and 3.1% in 2019

• Chile’s population is concentrated within the 25-54 year age group, which represents approximately 43% of the total population

• Chile’s capital city accounts for approximately 40% of the total population

• Chile ranks 55^th out of 190 countries in the 2018 doing business report¹

Source: Doing Business Report (2018)

Chile – Cosmetics Market

Overview

• The Chilean cosmetics market surpassed US$2.5 billion in sales in 2016 and grew at approx. 10% in 2017 to reach approx. US$2.8 billion in sales
• In 2017, Chilean men and women spent an average of US$168 on beauty products, 30% more than the US$128 spent by the average Latin American consumer
• Beauty and personal care sales of $2.85 bn in 2016 will reach $3.3 bn in 2021, representing a CAGR of 3%

Source: Euromonitor International 2017