Latin America and the Caribbean: Electric Hair Dryer Market 2024

Electric Hair Dryer Market Size in Latin America and the Caribbean

The Latin American electric hair dryer market was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Electric Hair Dryer Production in Latin America and the Caribbean

In value terms, electric hair dryer production dropped modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the production volume increased by 15% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then contracted in the following year.

Electric Hair Dryer Exports

Exports in Latin America and the Caribbean

Electric hair dryer exports contracted rapidly to X units in 2021, reducing by -19% compared with 2020 figures. In general, exports showed a deep contraction. The pace of growth was the most pronounced in 2019 with an increase of 60% against the previous year. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, electric hair dryer exports contracted to $X in 2021. Over the period under review, exports recorded a abrupt shrinkage. The growth pace was the most rapid in 2019 with an increase of 82%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Brazil (X units) and Panama (X units) represented roughly 69% of total exports in 2021. Mexico (X units) ranks next in terms of the total exports with an 11% share, followed by Chile (8%). Peru (X units), Guatemala (X units) and Argentina (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Peru (with a CAGR of +13.6%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest electric hair dryer supplying countries in Latin America and the Caribbean were Brazil ($X), Panama ($X) and Mexico ($X), with a combined 83% share of total exports. These countries were followed by Chile, Guatemala, Peru and Argentina, which together accounted for a further 14%.

Peru, with a CAGR of +18.4%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per unit, picking up by 8.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2017 when the export price increased by 29%. Over the period under review, the export prices hit record highs in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Mexico ($X per unit), while Peru ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+10.3%), while the other leaders experienced more modest paces of growth.

Electric Hair Dryer Imports

Imports in Latin America and the Caribbean

In 2021, overseas purchases of electric hair dryers were finally on the rise to reach X units after two years of decline. The total import volume increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, electric hair dryer imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Brazil (X units) was the largest importer of electric hair dryers, mixing up 42% of total imports. Chile (X units) held a 15% share (based on physical terms) of total imports, which put it in second place, followed by Mexico (14%), Argentina (7.8%), Peru (5.5%) and Colombia (4.9%). Ecuador (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to electric hair dryer imports into Brazil stood at +2.7%. At the same time, Peru (+11.7%), Chile (+11.7%), Ecuador (+9.6%), Mexico (+5.4%), Argentina (+5.1%) and Colombia (+3.0%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +11.7% from 2012-2021. Chile (+7.6 p.p.), Peru (+2.7 p.p.) and Mexico (+2 p.p.) significantly strengthened its position in terms of the total imports, while Brazil saw its share reduced by -3.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported electric hair dryers in Latin America and the Caribbean, comprising 35% of total imports. The second position in the ranking was taken by Chile ($X), with a 17% share of total imports. It was followed by Mexico, with a 13% share.

From 2012 to 2021, the average annual growth rate of value in Brazil amounted to +4.8%. In the other countries, the average annual rates were as follows: Chile (+8.5% per year) and Mexico (+1.1% per year).

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per unit, rising by 6.1% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Argentina ($X per unit), while Peru ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+2.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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