Argentina: Electric Hair Dryer Market 2024

Electric Hair Dryer Market Size in Argentina

In 2021, the Argentinian electric hair dryer market increased by 8.1% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption enjoyed a remarkable increase. Electric hair dryer consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Electric Hair Dryer Exports

Exports from Argentina

In 2021, the amount of electric hair dryers exported from Argentina shrank remarkably to X units, with a decrease of -22% on the previous year. Over the period under review, exports continue to indicate a dramatic contraction. The most prominent rate of growth was recorded in 2020 with an increase of 72% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, electric hair dryer exports declined markedly to $X in 2021. In general, exports recorded a dramatic shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 110%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Uruguay (X units), Paraguay (X units) and Chile (X units) were the main destinations of electric hair dryer exports from Argentina, together comprising 63% of total exports. Mexico, Colombia, Peru, Ecuador and Brazil lagged somewhat behind, together comprising a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ecuador (with a CAGR of -10.8%), while the other leaders experienced a decline.

In value terms, the largest markets for electric hair dryer exported from Argentina were Uruguay ($X), Paraguay ($X) and Ecuador ($X), with a combined 59% share of total exports.

Ecuador, with a CAGR of -4.1%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average electric hair dryer export price amounted to $X per unit, declining by -3% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 22%. As a result, the export price reached the peak level of $X per unit, and then dropped slightly in the following year.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Ecuador ($X per unit), while the average price for exports to Chile ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Hair Dryer Imports

Imports into Argentina

In 2021, purchases abroad of electric hair dryers increased by 16% to X units, rising for the second consecutive year after two years of decline. Overall, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +27.8% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of 47%. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, electric hair dryer imports rose sharply to $X in 2021. In general, imports showed a temperate increase. The most prominent rate of growth was recorded in 2015 with an increase of 47% against the previous year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) was the main supplier of electric hair dryer to Argentina, accounting for a 96% share of total imports. It was followed by Brazil (X units), with a 2.5% share of total imports. Italy (X units) ranked third in terms of total imports with a 0.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+16.8% per year) and Italy (-9.3% per year).

In value terms, China ($X) constituted the largest supplier of electric hair dryers to Argentina, comprising 90% of total imports. The second position in the ranking was taken by Brazil ($X), with a 6.5% share of total imports. It was followed by Italy, with a 2.1% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+13.2% per year) and Italy (-0.9% per year).

Import Prices by Country

In 2021, the average electric hair dryer import price amounted to $X per unit, falling by -8% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 15% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+14.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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