Guatemala: Market for Electric Shavers, Hair-Removing Appliances And Hair Clippers 2024

Market Size for Electric Shavers, Hair-Removing Appliances And Hair Clippers in Guatemala

The Guatemalan market for electric shavers, hair-removing appliances and hair clippers dropped to $X in 2022, shrinking by -13% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a strong increase. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Exports of Electric Shavers, Hair-Removing Appliances And Hair Clippers

Exports from Guatemala

After two years of growth, overseas shipments of electric shavers, hair-removing appliances and hair clippers decreased by -15.5% to X units in 2022. In general, exports recorded a abrupt decline. The pace of growth was the most pronounced in 2020 with an increase of 39%. Over the period under review, the exports of reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of electric shavers, hair-removing appliances and hair clippers declined notably to $X in 2022. Over the period under review, exports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 22% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Honduras (X units), El Salvador (X units) and Nicaragua (X units) were the main destinations of exports of electric shavers, hair-removing appliances and hair clippers from Guatemala, with a combined 87% share of total exports. Panama, the United States and Mexico lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +56.1%), while the other leaders experienced a decline.

In value terms, the largest markets for electric shavers, hair-removing appliances and hair clippers exported from Guatemala were Honduras ($X), El Salvador ($X) and Nicaragua ($X), with a combined 86% share of total exports. Panama, the United States and Mexico lagged somewhat behind, together comprising a further 13%.

The United States, with a CAGR of +56.5%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for electric shavers, hair-removing appliances and hair clippers stood at $X per unit in 2022, falling by -5.5% against the previous year. Overall, the export price showed a mild downturn. The pace of growth was the most pronounced in 2019 when the average export price increased by 20%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Mexico ($X per unit) and the United States ($X per unit), while the average price for exports to Nicaragua ($X per unit) and Panama ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electric Shavers, Hair-Removing Appliances And Hair Clippers

Imports into Guatemala

Imports of electric shavers, hair-removing appliances and hair clippers into Guatemala reduced modestly to X units in 2022, waning by -4.1% compared with the previous year's figure. Overall, imports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 46% against the previous year. As a result, imports reached the peak of X units, and then dropped modestly in the following year.

In value terms, imports of electric shavers, hair-removing appliances and hair clippers reduced to $X in 2022. Over the period under review, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 49%. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

The United States (X units), China (X units) and Mexico (X units) were the main suppliers of imports of electric shavers, hair-removing appliances and hair clippers to Guatemala, together accounting for 98% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +12.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest electric shavers, hair-removing appliances and hair clippers suppliers to Guatemala were the United States ($X), China ($X) and Mexico ($X), together comprising 98% of total imports.

In terms of the main suppliers, the United States, with a CAGR of +10.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for electric shavers, hair-removing appliances and hair clippers stood at $X per unit in 2022, declining by -11.1% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 11% against the previous year. The import price peaked at $X per unit in 2021, and then fell in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($X per unit) and Mexico ($X per unit), while the price for Hong Kong SAR ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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