capital flows to latin america, 1998-2003(a) · venezuela 11.1 12.9 11.6 13.1 13.7 15.1 0.61 526.17...

Table 1.7

Capital Flows to Latin America, 1998-2003(a)

(in billions of US dollars)

1998 1999 2000 2001 2002 2003

Net private capital flows 72.2 50.7 48.6 22.8 10.3 26.5

Net private direct investment 60.1 64.1 64.7 66.9 40.4 45.6

Net private portfolio investment 22.3 11.9 4.7 -2.2 1 7.6

Other net private capital flows -9.8 -26.3 -20.8 -41.9 -31.1 -26.7

Net official flows 16 1.5 -3.5 21.1 15.8 14.6

Change in reserves 8.4 7.9 -2.5 1.2 -3.3 -16.5

Source: IMFNote: (a) includes all countries in the region other than Cuba

Problems in obtaining external financing on the market during the first semester are reflected

in recent trends in international reserves. In 2002, the region’s reserve assets began to fall and

that decline is expected to accelerate in 2003. During the early months of 2002, significant

reductions in the reserves of Argentina, Brazil, and Venezuela were too large to be outweighed

by the increases posted in Chile, Colombia, Mexico and other countries around the region.

Latin America’s inflows of FDI fell abruptly in 2002 and will not recover significantly in 2003.

Inflows are projected to be only around $46 billion in 2003, far below the yearly average of

nearly US$ 73 billion received during the mid 1990s. The slump in FDI is partially accounted

for by the sharp reduction in purchases of existing assets. Some of the hardest-hit countries are

Argentina, Brazil and Mexico, which posted record levels of inflows in 1999 and 2000, thanks

mainly to large-scale corporate acquisitions in those countries.

1.5 International Trade and Trade Agreements

The weakening of international markets for Latin American exports, coupled with the effects

of the Argentine crisis, has had a significant impact on the performance of the external sector.

Table 1.8 shows long-term trends and projections for 2003. Latin America’s exports shrank by

2.8 percent in 2001 after steady growth in earlier years and an export boom in 2000. The

consequences of the recession are even more apparent in the case of imports where the

contraction will continue through 2002 (mainly due to conditions in Argentina). However,

both the value and volume of exports and imports are expected to recover in 2003 with rates of

growth in excess of long-term trends.

Table 1.8

Regional Trends in International Trade, 1984-2003(a)

(annual percentage change)

1984-1993 1994-2003 2000 2001 2002 2003

Value in U.S. dollars

Exports 4.8 8.4 19.4 -2.8 2.0 9.4

Imports 9.8 6.9 14.5 -1.1 -3.6 9.0

Volume

Exports 7.1 7.9 11.3 3.3 2.2 8.2

Imports 7.8 6.4 12.6 1.2 -4.2 8.0

Unit value in U.S. dollars

Exports 0.4 0.6 7.8 -6.0 -0.1 1.1

Imports 3.6 0.5 1.7 -2.3 0.4 0.9

Terms of trade -3.1 - 5.9 -3.7 -0.5 0.2

Source: IMFNote: (a) includes all countries in the region except Cuba

One of the major reasons for the poor performance of the external sector has been shifts in the

relative prices of traded goods. The unit value of these trade flows fell abruptly in 2001 and

Section One � Overview of Economic Prospects in Latin America Consumer Latin America 2003

14 © Euromonitor International 2002

Table 3.214

LATIN AMERICA: SALES OF FOOTWEAR 1996-2001

Million pairs/as stated

Per capita Total value Per capitavolume 2001 2001 (US$ value 2001

1996 1997 1998 1999 2000 2001 (Pairs) million) (US$)

Argentina 91.0 92.0 95.0 98.0 78.4 80.4 2.16 2,471.24 66.33

Brazil 291.0 341.0 469.1 493.0 485.8 506.0 3.00 6,085.64 36.03

Chile 37.5 40.4 42.1 35.5 35.2 36.1 2.36 341.53 22.31

Colombia 36.1 37.1 33.9 48.8 47.5 49.2 1.25 429.02 10.86

Mexico 214.9 227.9 211.7 200.0 209.2 222.3 2.21 5,000.05 49.81

Venezuela 11.1 12.9 11.6 13.1 13.7 15.1 0.61 526.17 21.36

Source: Euromonitor from industry sources/national statistics

Domestic Electrical Appliances

Table 3.215

LATIN AMERICA: SALES OF REFRIGERATORS 1996-2001

‘000 units/as stated

Per capitavolume 2001 Total value Per capita

(Per ‘000 2001 (US$ value 20011996 1997 1998 1999 2000 2001 inhabitants) million) (US$)

Argentina 162.0 175.0 182.0 146.5 135.4 131.1 3.52 22.55 0.61

Brazil 323.4 294.6 258.6 242.6 259.1 255.7 1.51 62.67 0.37

Chile 94.2 96.3 85.3 83.4 80.4 78.7 5.14 29.99 1.96

Colombia 360.1 374.0 386.9 395.9 404.6 422.2 10.69 64.24 1.63

Mexico 456.6 583.0 642.2 684.3 710.0 730.7 7.28 399.24 3.98

Venezuela 398.2 422.4 447.4 461.8 456.7 465.4 18.90 82.79 3.36


Table 3.216

LATIN AMERICA: SALES OF FRIDGE-FREEZERS 1996-2001

‘000 units/as stated

Per capitavolume 2001 Total value Per capita

(Per ‘000 2001 (US$ value 20011996 1997 1998 1999 2000 2001 inhabitants) million) (US$)

Argentina 285.0 312.0 315.0 289.1 264.5 253.5 6.80 203.31 5.46

Brazil 3,718.6 3,425.4 2,949.4 2,764.4 2,980.0 3,103.9 18.37 1,100.64 6.52

Chile 90.38 5.90

Colombia 8.04 0.20

Mexico 312.4 445.2 531.0 572.5 639.0 698.6 6.96 723.82 7.21

Venezuela 5.16 0.21


Section Three � Consumer Markets Consumer Latin America 2003


Cosmetics and toiletries

Table 6.112

CHILE: VALUE SALES OF COSMETICS AND TOILETRIES 1997-2001

CH$ billion

Totalvalue 2001 Per capita

(US$ value 20011997 1998 1999 2000 2001 million) (US$)

Cosmetics and toiletries 383.0 422.4 445.1 477.8 496.0 825.80 53.95

Fragrances 44.8 51.2 56.5 62.4 66.2 110.27 7.20

Colour cosmetics 41.3 44.8 45.4 49.2 50.6 84.28 5.51

Facial make-up 9.3 10.6 10.8 11.8 12.6 20.95 1.37

Eye make-up 11.2 11.4 11.5 12.4 13.6 22.62 1.48

Lip products 13.4 15.2 15.6 17.1 16.9 28.07 1.83

Nail products 7.5 7.7 7.5 7.8 7.6 12.64 0.83

Skin care 47.6 54.5 57.8 61.1 65.4 108.87 7.11

Facial care 31.6 36.2 38.0 41.3 46.6 77.65 5.07

Body care 12.7 14.5 15.9 15.8 15.0 25.03 1.64

Hand care 3.3 3.8 3.9 3.9 3.7 6.19 0.40

Depilatories 0.5 0.9 1.1 1.2 1.4 2.34 0.15

Sun care 5.0 5.3 5.4 5.9 6.6 10.98 0.72

Sun protection 4.2 4.4 4.6 5.0 5.6 9.39 0.61

Aftersun 0.5 0.5 0.5 0.6 0.6 0.94 0.06

Self-tanning 0.3 0.3 0.3 0.4 0.4 0.65 0.04

Hair care 95.3 105.8 113.1 126.3 126.4 210.40 13.75

Shampoos 51.2 55.8 60.0 67.8 65.8 109.60 7.16

2-in-1 products 3.9 4.0 3.5 3.0 2.6 4.35 0.28

Conditioners 11.7 12.6 12.9 13.7 13.2 21.96 1.43

Styling agents/hairsprays 8.4 8.9 8.2 8.0 7.7 12.87 0.84

Perms and relaxants 0.6 0.6 0.6 0.6 0.6 0.93 0.06

Colourants 18.4 22.6 26.7 31.7 34.8 57.99 3.79

Salon hair care 1.1 1.2 1.3 1.5 1.6 2.70 0.18

Bath and shower products 34.6 36.4 37.5 39.3 40.7 67.72 4.42

Bath additives 0.8 0.8 0.8 0.8 0.8 1.40 0.09

Body wash/shower gel 4.7 4.8 4.7 4.5 4.2 7.07 0.46

Bar soap 19.8 21.1 21.5 22.6 23.6 39.25 2.56

Liquid soap 3.6 3.8 4.5 5.1 5.5 9.17 0.60

Talcum powder 5.6 5.9 6.0 6.3 6.5 10.83 0.71

Deodorants 42.2 45.4 48.5 49.6 52.7 87.73 5.73

Oral hygiene 42.9 48.6 49.3 51.8 55.5 92.48 6.04

Toothpaste 28.4 32.2 33.5 35.0 36.4 60.56 3.96

Toothbrushes 11.7 13.1 12.4 13.1 15.3 25.52 1.67

Mouthwashes/dental rinses 2.1 2.4 2.5 2.7 2.8 4.72 0.31

Denture care 0.4 0.4 0.5 0.5 0.5 0.86 0.06

Dental floss 0.3 0.4 0.4 0.5 0.5 0.82 0.05

Men’s shaving products 21.2 21.1 21.4 21.9 21.4 35.68 2.33

Men’s pre-shave 2.3 2.5 2.4 2.6 2.7 4.53 0.30

Men’s razors and blades 18.9 18.5 18.9 19.2 18.5 30.78 2.01

Men’s post-shave 0.1 0.1 0.1 0.2 0.2 0.37 0.02

Baby care 7.6 8.5 8.9 9.1 9.0 15.05 0.98


Section Six � Chile Consumer Latin America 2003


Table 9.49

VENEZUELA AVERAGE SIZE OF HOUSEHOLD 1996-2001

Persons 1996 1997 1998 1999 2000 2001

Average 4.8 4.7 4.7 4.7 4.6 4.6

Source: OCEI/Euromonitor

Table 9.50

VENEZUELA: HOUSEHOLDS BY NUMBER OF ROOMS 1995-2000

000 1995 1996 1997 1998 1999 2000

1 room 876.3 950.4 1,021.9 1,080.0 1,139.4 1,193.6

2 room 1,453.4 1,540.3 1,621.2 1,681.6 1,729.2 1,776.9

3 room 1,532.9 1,561.4 1,587.8 1,599.6 1,599.9 1,609.1

4 room 409.2 411.4 419.3 418.5 414.6 408.1

5+ room 127.4 127.6 125.1 126.6 127.6 128.9

Total 4,399.2 4,591.1 4,775.2 4,906.3 5,010.6 5,116.6


Table 9.51

VENEZUELA AMOUNT OF LIVING SPACE PER CAPITA 1995-2000

Meters Sq. per Capita 1995 1996 1997 1998 1999 2000

Living space 39,951.9 39,125.5 38,333.7 37,574.7 36,846.9 36,495.1


Advertising and Media

Table 9.52

VENEZUELA: TELEVISION HOUSEHOLDS 1996-2001

000 1996 1997 1998 1999 2000 2001

Total 3,942.3 4,139.4 4,316.4 4,468.9 4,626.6 4,833.3


Retail Distribution

Table 9.53

VENEZUELA: TRENDS IN TOTAL RETAIL SALES 1996-2001

Million Bolivars 1996 1997 1998 1999 2000 2001

Total 11,643,266 17,563,949 20,887,876 22,002,441 26,163,534 28,113,492


Table 9.54

VENEZUELA: TRENDS IN FOOD RETAIL SALES 1996-2001

Million Bolivars 1996 1997 1998 1999 2000 2001

Food 7,550,816 10,660,861 13,921,884 15,282,620 17,591,647 19,706,926


� Retail Distribution

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