How much money do you spend weekly, monthly or in a year in beauty products and services? Did you know USA and Venezuela are two of the most expensive countries worldwide for the beauty industry? The fastest growing online store in Latin America, with operations in Mexico, Colombia, Peru, Venezuela, Chile, Argentina, Ecuador and Panama, has released the 2017 Beauty Price Index, comparing the cost of several in-demand beauty products and services across 50 countries.
Linio is a leading e-Commerce platform that created the list ranked by the sum of three categories - Beauty Services, Cosmetic Procedures and Products - with the top-scoring country representing where products and services are most affordable overall. Linio undertook the research to better understand global economic trends in the multi-billion beauty industry.
Clustered at the top of the Index were several Asian and Latin American countries, with Vietnam as the overall most affordable country for beauty products and services. At the other end of the scale were regions with high costs of living, including Northern Europe, Australia, and the USA. Venezuela was found as the most expensive country overall, due to the country’s inflation crisis and the conversion from the Venezuelan bolívar to the US dollar. Ironically, around 10 years ago, Caracas, contained the highest number of beauty parlors per capita in the world.
The results reveal that USA has an overall ranking of 43. The full results for USA can be seen below:
The most affordable countries:
The most expensive countries:
Further results for Beauty Services (As Venezuela frequently occurred as the most expensive country by a substantial amount for all services, the second-most expensive country is also listed below):
- Colombia offers the least expensive Mani-Pedi (US$4.00), whilst Denmark offers the second most expensive ($80.35). Venezuela offers the most expensive at $160.85.
- Egypt offers the least expensive Eyebrow Wax ($1.93), whilst Denmark offers the second most expensive ($23.32). Venezuela offers the most expensive at $30.12.
- Egypt offers the least expensive Brazilian Wax ($5.81), whilst Denmark offers the second most expensive ($86.60). Venezuela offers the most expensive at $159.34.
- Egypt offers the least expensive Women’s Haircut ($5.25), whilst Norway offers the second most expensive ($95.04). Venezuela offers the most expensive at $123.96.
- Egypt offers the least expensive Men’s Haircut ($2.49), whilst Switzerland offers the second most expensive ($43.00). Venezuela offers the most expensive at $53.20.
Further results for Cosmetic Procedures:
- Vietnam offers the least expensive Botox (per unit) ($5.00), whilst Japan and Venezuela offer the most expensive (tied at $17.50).
- The Czech Republic offers the least expensive Rhinoplasty ($776), whilst Switzerland offers the most expensive ($7,845).
- India offers the least expensive Breast Augmentation ($1,650), whilst Switzerland offers the most expensive ($10,434).
Further results for Products (As Venezuela frequently occurred as the most expensive country by a substantial amount for all services, the second-most expensive country is also listed below):
- India offers the least expensive Lipstick ($14.36), whilst Peru offers the second most expensive ($58.78). Venezuela offers the most expensive at $1,110.
- Vietnam offers the least expensive Foundation ($15.42), whilst Russia offers the second most expensive ($57.83). Venezuela offers the most expensive at $12,531.
- South Africa offers the least expensive Anti-Aging Cream ($22.81), whilst Peru offers the second most expensive ($90.60). Venezuela offers the most expensive at $13,609.
- Turkey offers the least expensive Hair Dye ($4.30), whilst Mexico offers the second most expensive ($21.37). Venezuela offers the most expensive at $909.
- Thailand offers the least expensive Mascara ($4.32), whilst Peru offers the second most expensive ($29.08). Venezuela offers the most expensive at $1,629.
- The USA offers the least expensive Perfume ($48.55), whilst Kuwait offers the second most expensive ($113.58). Venezuela offers the most expensive at $13,988.
- The UAE offers the least expensive Eye Shadow ($2.45), whilst Malaysia offers the second most expensive ($30.66). Venezuela offers the most expensive at $989.33.
- The UAE offers the least expensive Nail Polish ($4.63), whilst South Korea offers the second most expensive ($32.46). Venezuela offers the most expensive at $912.51.
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