Guatemala: Tooth Brush Market 2024

Tooth Brush Market Size in Guatemala

In 2022, the Guatemalan tooth brush market decreased by -0.9% to $X, falling for the second consecutive year after four years of growth. Overall, consumption, however, saw resilient growth. Tooth brush consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Tooth Brush Production in Guatemala

In value terms, tooth brush production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.2% over the period 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 2016 with an increase of 29% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Tooth Brush Exports

Exports from Guatemala

In 2022, overseas shipments of tooth brushes increased by 21% to X units, rising for the second consecutive year after four years of decline. Overall, exports, however, showed a pronounced contraction. The pace of growth was the most pronounced in 2016 with an increase of 75%. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, tooth brush exports contracted modestly to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 33% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Mexico (X units), Honduras (X units) and the Dominican Republic (X units) were the main destinations of tooth brush exports from Guatemala, with a combined 65% 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 Honduras (with a CAGR of +8.3%), while the other leaders experienced a decline.

In value terms, the largest markets for tooth brush exported from Guatemala were Mexico ($X), Honduras ($X) and the Dominican Republic ($X), with a combined 65% share of total exports.

Among the main countries of destination, Honduras, with a CAGR of +12.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average tooth brush export price amounted to $X per unit, dropping by -17.6% against the previous year. In general, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the average export price increased by 100%. The export price peaked at $X per unit in 2021, and then contracted markedly in the following year.

Average prices varied noticeably 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 El Salvador ($X per unit) and Costa Rica ($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 (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Tooth Brush Imports

Imports into Guatemala

In 2022, the amount of tooth brushes imported into Guatemala surged to X units, rising by 26% compared with 2021. In general, total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +2.2% 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 +63.4% against 2018 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 32%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, tooth brush imports surged to $X in 2022. Over the period under review, total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +3.7% 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 +94.6% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X units), Mexico (X units) and Vietnam (X units) were the main suppliers of tooth brush imports to Guatemala, with a combined 81% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +26.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Mexico ($X) and Vietnam ($X) were the largest tooth brush suppliers to Guatemala, with a combined 81% share of total imports.

Among the main suppliers, Vietnam, with a CAGR of +27.8%, 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 average tooth brush import price stood at $X per unit in 2022, dropping by -8.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2014 an increase of 16% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2021, and then reduced in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($X per unit) and Mexico ($X per unit), while the price for China ($X per unit) and Colombia ($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 (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform