Spa+Clinic Team Australia ranks in the top 5 of 50 countries charging the highest prices for products and services in the multi-billion dollar beauty industry, according to a newly released survey by Latin America’s leading e-commerce platform Linio.com.
Linio.com’s 2017 Beauty Price Index compares the cost of cosmetic products and services in 50 countries to find the price of beauty around the world.
The list was 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 (Vietnam in Number 1 spot).
Developing nations offer the most affordable beauty services, but show markups on popular cosmetic products.
The best deals on top makeup brands are in Canada, South Africa, US and Italy.
Cosmetic surgery is most affordable in Latin America, South Asia and the Czech Republic.
Vietnam, India and South Africa are amongst the cheapest countries overall across the categories.
Clustered at the top of the Index (ie. most affordable) 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 Australia (we rank Number 45 out of 50), Northern Europe and the US.
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.
“At Linio, we place a high value on transparency with our customers, and we hope that our index helps people more confidently interpret variations in costs associated with beauty around the world,” says Linio CEO Andreas Mjelde.
“Increasingly, the average citizen is a global one, and with a better understanding of global markets comes empowerment to travel, shop, and live smarter.”
FAST FACTS FROM THE 2017 BEAUTY PRICE INDEX
- Colombia offers the least expensive Mani-Pedi (US$4), while 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), while 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), while 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), while 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), while Switzerland offers the second most expensive ($43.00). Venezuela offers the most expensive at $53.20.
- Vietnam offers the least expensive Botox (per unit: $5), while Japan and Venezuela offer the most expensive (tied at $17.50).
- The Czech Republic offers the least expensive Rhinoplasty ($776), while Switzerland offers the most expensive ($7,845).
- India offers the least expensive Breast Augmentation ($1,650), while Switzerland offers the most expensive ($10,434).
- India offers the least expensive Lipstick ($14.36), while Peru offers the second most expensive ($58.78). Venezuela offers the most expensive at $1,110.
- Vietnam offers the least expensive Foundation ($15.42), while Russia offers the second most expensive ($57.83). Venezuela offers the most expensive at $12,531.
- South Africa offers the least expensive Anti-Ageing Cream ($22.81), while 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), while Mexico offers the second most expensive ($21.37). Venezuela offers the most expensive at $909.
- Thailand offers the least expensive Mascara ($4.32), while Peru offers the second most expensive ($29.08). Venezuela offers the most expensive at $1,629.
- The US offers the least expensive Perfume ($48.55), while 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), while 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), while South Korea offers the second most expensive ($32.46). Venezuela offers the most expensive at $912.51.
The full results of the ranking can be found on Linio.com’s results page.
