Colgate Palmolive’s Volume and Pricing Change (2016-2021)

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This statistic highlights Colgate Palmolive’s Volume and Pricing Change, reported on a quarterly basis from 2016 onwards.
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This statistic highlights Colgate Palmolive’s Volume and Pricing Change, reported on a quarterly basis from 2016 onwards.

Colgate Palmolive’s Volume and Pricing Change

Category Q3 2020 Q2 2021 Q3 2021
Pricing Change 4.5% 2.5% 3.0%
Volume Change 3.0%
2.5% 1.5%
Total 7.5% 5.0% 4.5%

The company’s total pricing and volume change was 4.5% in Q3 2021 and 5.0% in the previous quarter Q2 2021. The total change in pricing and volume has been declined by 3.0% as compared to the previous year, otherwise, the change in the previous year Q3 2020 was 7.5%.

Pricing

In Q3 2021 the prices changed by 3.00%, whereas the pricing change was only 2.5% in the previous quarter. The prices changed by 4.5% in the third quarter of 2020. The change in prices was more in Q3 2020 as compared to Q3 2021. The change in prices decreased by 1.5% on year on year basis. The change in prices percentage increased by 0.5% in Q3 2021 as compared to the previous quarter Q2 2021.

Volume

In Q3 2021 the volume changed by 1.50%, whereas the volume change was 2.5% in the previous quarter. In the third quarter of 2020, the volume changed by 3.00%. The change in prices was more in Q3 2020 as compared to Q3 2021. The volume change decreased by 1.5% on year on year basis. Also, the change in volume percentage decreased by 1.0% in Q3 2021 as compared to the previous quarter Q2 2021.

The Company’s Net sales accounted for:

Oral- 44% , Personal – 20%, Home Care – 18% and Pet Nutrition – 18%

Approximately 70% of the Company’s Net sales are generated from markets outside the U.S., with approximately 45% of the Company’s Net sales coming from emerging markets (which consist of Latin America, Asia (excluding Japan), Africa/Eurasia, and Central Europe). Oral, Home Care Sales, and Personal to Walmart, Inc. and its affiliates represent approximately 12%, 12%, and 11% of the Company’s Net sales in 2021, 2020, and 2019, respectively. No other customer represented more than 10% of Net sales in any period presented.

Prices and volume changes in different regions

The Oral, Personal, and Home Care product segment operations are managed geographically in five reportable operating segments: North America, Latin America, Europe, Asia Pacific, and Africa/Eurasia.

North America- Within the Oral, Personal, and Home Care product segment, North America Net sales decreased 1.5% as volume declines of 5.0% was partially offset by net selling price increases of 3.0% and positive foreign exchange of 0.5%. Organic sales in the North America region decreased by 2.0%. 

Latin America- Latin America Net sales increased by 8.5%, which was driven by volume growth of 2.0% and net selling price increases of 6.5% while foreign exchange was flat. Organic sales in Latin America increased by 8.5%. 

Europe- Europe Net sales increased by 7.0%. The net sales increase was driven by volume growth of 0.5% and positive foreign exchange of 6.5% whereas net selling prices were flat. Organic sales in Europe increased by 0.5%.

 Asia Pacific- Asia Pacific Net sales increased 8.0% driven by volume growth of 4.0% and positive foreign exchange of 4.5%, partially offset by net selling price decreases of 0.5%. Organic sales in the Asia Pacific increased by 3.5%.

Africa- Africa/Eurasia Net sales increased 8.0% driven by volume growth of 3.0% and net selling price increases of 5.0% while foreign exchange was flat. Organic sales in Africa/Eurasia increased by 8.0%.

About Colgate Palmolive Company

Colgate was incorporated in 1923 and was founded in 1806. The Company markets and manufactures a wide variety of products in the U.S. and around the world.

They seek to deliver sustainable, profitable growth and superior shareholder returns, as well as provide Colgate people with an innovative and inclusive work environment. They do this by developing and selling products globally that make people’s and their pets’ lives healthier and more enjoyable and by embracing sustainability and social impact and diversity, equity, and inclusion (“DE&I”) strategies across the organization. Their products are marketed in over 200 countries and territories throughout the world.

According to market share data, they are a leader in Oral Care with global leadership in the toothpaste and manual toothbrush categories. They sell their toothpaste under brands such as Colgate, Darlie, Amex, hello, meridol, Sorriso, and Tom’s of Maine. They also sell their toothbrushes under brands such as Colgate and Darlie Amex and meridol and our mouthwashes under brands such as Colgate, elmex, and meridol. The pharmaceutical products for dentists and other oral health professionals are also included in the Oral care business.

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