Guatemala: Hair Curler Market 2024

Hair Curler Market Size in Guatemala

The Guatemalan hair curler market reduced sharply to $X in 2022, which is down by -31.8% 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 resilient expansion. As a result, consumption attained the peak level of $X, and then dropped remarkably in the following year.

Hair Curler Exports

Exports from Guatemala

In 2022, shipments abroad of hair curlers and curling tongs increased by 237% to X units, rising for the second year in a row after three years of decline. Overall, exports, however, recorded a precipitous decline. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, hair curler exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a precipitous setback. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

El Salvador (X units), Honduras (X units) and Nicaragua (X units) were the main destinations of hair curler exports from Guatemala, with a combined 87% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Nicaragua (with a CAGR of -27.1%), while the other leaders experienced a decline.

In value terms, El Salvador ($X), Honduras ($X) and Nicaragua ($X) were the largest markets for hair curler exported from Guatemala worldwide, together accounting for 87% of total exports.

Nicaragua, with a CAGR of -22.1%, 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 2022, the average hair curler export price amounted to $X per unit, with a decrease of -40% against the previous year. In general, the export price, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2017 an increase of 64% against the previous year. The export price peaked at $X per unit in 2021, and then fell markedly in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Mexico ($X per unit) and El Salvador ($X per unit), while the average price for exports to Costa Rica ($X per unit) and Panama ($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 (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Hair Curler Imports

Imports into Guatemala

Hair curler imports into Guatemala dropped notably to X units in 2022, with a decrease of -24% against 2021. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 184% against the previous year. As a result, imports reached the peak of X units, and then shrank rapidly in the following year.

In value terms, hair curler imports declined remarkably to $X in 2022. Overall, imports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 90% against the previous year. As a result, imports attained the peak of $X, and then fell sharply in the following year.

Imports by Country

In 2022, China (X units) was the main hair curler supplier to Guatemala, accounting for a 92% share of total imports. Moreover, hair curler imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. The third position in this ranking was taken by Brazil (X units), with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-15.7% per year) and Brazil (+531.7% per year).

In value terms, China ($X) constituted the largest supplier of hair curlers and curling tongs to Guatemala, comprising 92% of total imports. The second position in the ranking was taken by the United States ($X), with a 3.5% share of total imports. It was followed by Brazil, with a 2.8% share.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-17.5% per year) and Brazil (+447.2% per year).

Import Prices by Country

In 2022, the average hair curler import price amounted to $X per unit, declining by -13.2% against the previous year. Over the period under review, the import price showed a perceptible contraction. The most prominent rate of growth was recorded in 2019 an increase of 38%. Over the period under review, average import prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Brazil ($X per unit) and Mexico ($X per unit), while the price for El Salvador ($X per unit) and Panama ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform