Latin America and the Caribbean: Market for Electric Shavers, Hair-Removing Appliances And Hair Clippers 2024

Market Size for Electric Shavers, Hair-Removing Appliances And Hair Clippers in Latin America and the Caribbean

The Latin American market for electric shavers, hair-removing appliances and hair clippers declined slightly to $X in 2022, dropping by -1.5% against the previous year. The total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +77.3% against 2012 indices. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Production of Electric Shavers, Hair-Removing Appliances And Hair Clippers in Latin America and the Caribbean

In value terms, production of electric shavers, hair-removing appliances and hair clippers declined slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2014 with an increase of 147% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production of growth remained at a lower figure.

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

Exports in Latin America and the Caribbean

In 2022, after five years of growth, there was significant decline in shipments abroad of electric shavers, hair-removing appliances and hair clippers, when their volume decreased by -9.5% to X units. In general, exports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2020 when exports increased by 118%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of electric shavers, hair-removing appliances and hair clippers surged to $X in 2022. Overall, exports saw a deep slump. The most prominent rate of growth was recorded in 2017 when exports increased by 71%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mexico was the largest exporter of electric shavers, hair-removing appliances and hair clippers in Latin America and the Caribbean, with the volume of exports reaching X units, which was near 71% of total exports in 2022. Chile (X units) held a 17% share (based on physical terms) of total exports, which put it in second place, followed by Brazil (7.3%). Panama (X units) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to electric shavers, hair-removing appliances and hair clippers exports from Mexico stood at -12.9%. At the same time, Brazil (+32.2%) and Chile (+7.3%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +32.2% from 2012-2022. By contrast, Panama (-21.6%) illustrated a downward trend over the same period. Chile (+14 p.p.) and Brazil (+7.1 p.p.) significantly strengthened its position in terms of the total exports, while Panama and Mexico saw its share reduced by -7.1% and -14.5% from 2012 to 2022, respectively.

In value terms, Mexico ($X) remains the largest electric shavers, hair-removing appliances and hair clippers supplier in Latin America and the Caribbean, comprising 66% of total exports. The second position in the ranking was taken by Chile ($X), with a 19% share of total exports. It was followed by Brazil, with an 8.6% share.

In Mexico, exports of electric shavers, hair-removing appliances and hair clippers shrank by an average annual rate of -8.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Chile (+0.9% per year) and Brazil (+37.7% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, surging by 43% against the previous year. Overall, the export price continues to indicate a notable expansion. The pace of growth was the most pronounced in 2014 an increase of 48% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Brazil ($X per unit) and Chile ($X per unit), while Mexico ($X per unit) and Panama ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+5.7%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in Latin America and the Caribbean

In 2022, purchases abroad of electric shavers, hair-removing appliances and hair clippers decreased by -6.5% to X units for the first time since 2013, thus ending a eight-year rising trend. Total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +87.4% against 2013 indices. The pace of growth was the most pronounced in 2021 when imports increased by 30% against the previous year. As a result, imports reached the peak of X units, and then fell in the following year.

In value terms, imports of electric shavers, hair-removing appliances and hair clippers reached $X in 2022. Total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.9% against 2016 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 30% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Brazil (X units) and Mexico (X units) represented roughly 59% of total imports in 2022. Colombia (X units) took a 10% share (based on physical terms) of total imports, which put it in second place, followed by Chile (8.3%), Argentina (7.8%) and Peru (5.2%). Paraguay (X units) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of +21.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electric shavers, hair-removing appliances and hair clippers importing markets in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Chile ($X), with a combined 58% share of total imports. Argentina, Paraguay, Colombia and Peru lagged somewhat behind, together accounting for a further 32%.

In terms of the main importing countries, Peru, with a CAGR of +13.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, surging by 7.6% against the previous year. Overall, the import price, however, continues to indicate a noticeable setback. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Paraguay ($X per unit), while Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+1.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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