Guatemala: Eye Make-Up Preparations Market 2024

Eye Make-Up Preparations Market Size in Guatemala

The Guatemalan eye make-up preparations market reached $X in 2022, picking up by 2.5% 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). Over the period under review, consumption, however, continues to indicate a significant expansion. Eye make-up preparations consumption peaked in 2022 and is likely to continue growth in the near future.

Eye Make-Up Preparations Exports

Exports from Guatemala

In 2022, eye make-up preparations exports from Guatemala dropped to X tons, declining by -5.3% against the year before. Over the period under review, exports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 30%. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, eye make-up preparations exports soared to $X in 2022. In general, exports saw a abrupt slump. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Honduras (X tons), El Salvador (X tons) and Nicaragua (X tons) were the main destinations of eye make-up preparations exports from Guatemala, with a combined 80% share of total exports. Panama lagged somewhat behind, comprising a further 19%.

From 2012 to 2022, the biggest increases were recorded for Panama (with a CAGR of -3.1%), while shipments for the other leaders experienced a decline.

In value terms, Honduras ($X) remains the key foreign market for eye make-up preparations exports from Guatemala, comprising 47% of total exports. The second position in the ranking was taken by El Salvador ($X), with a 20% share of total exports. It was followed by Nicaragua, with a 15% share.

From 2012 to 2022, the average annual growth rate of value to Honduras stood at +1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (-10.8% per year) and Nicaragua (-9.7% per year).

Export Prices by Country

In 2022, the average eye make-up preparations export price amounted to $X per ton, growing by 33% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Honduras ($X per ton), while the average price for exports to Nicaragua ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+7.8%), while the prices for the other major destinations experienced a decline.

Eye Make-Up Preparations Imports

Imports into Guatemala

In 2022, the amount of eye make-up preparations imported into Guatemala declined to X tons, waning by -7.1% against 2021. In general, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -6.5% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of 42% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, eye make-up preparations imports expanded sharply to $X in 2022. The total import value increased at an average annual rate of +4.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 19%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Mexico (X tons) and Colombia (X tons) were the main suppliers of eye make-up preparations imports to Guatemala, with a combined 79% share of total imports. Germany, the United States, Argentina, Brazil and Panama lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +47.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X) constituted the largest supplier of eye make-up preparations to Guatemala, comprising 33% of total imports. The second position in the ranking was taken by Mexico ($X), with a 13% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Colombia amounted to +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-3.9% per year) and China (+37.2% per year).

Import Prices by Country

In 2022, the average eye make-up preparations import price amounted to $X per ton, surging by 22% against the previous year. Overall, the import price, however, continues to indicate a mild downturn. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform