Latin America and the Caribbean: Electric Hand-Dryer Market 2022

Electric Hand-Dryer Market Size in Latin America and the Caribbean

In 2021, the Latin American electric hand-dryer market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Electric Hand-Dryer Production in Latin America and the Caribbean

In value terms, electric hand-dryer production reached $X in 2021 estimated in export price. In general, production recorded a slight descent. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Electric Hand-Dryer Exports

Exports in Latin America and the Caribbean

For the fourth year in a row, LatAmerica and the Caribbean recorded decline in shipments abroad of electric hand-drying apparatus, which decreased by -X% to X units in 2021. Over the period under review, exports faced a precipitous curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, electric hand-dryer exports shrank notably to $X in 2021. In general, exports showed a sharp downturn. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Mexico (X units), Guatemala (X units) and Chile (X units) represented roughly X% of total exports in 2021. Panama (X units) ranks next in terms of the total exports with a X% share, followed by Costa Rica (X%). Argentina (X units) and Colombia (X units) took a little share of total exports.

From 2012 to 2021, the biggest increases were in Chile (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Guatemala ($X), Mexico ($X) and Chile ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined X% share of total exports.

In terms of the main exporting countries, Chile, with a CAGR of +X%, 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 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, jumping by X% against the previous year. In general, the export price saw a resilient expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Guatemala ($X per unit), while Chile ($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 (+X%), while the other leaders experienced more modest paces of growth.

Electric Hand-Dryer Imports

Imports in Latin America and the Caribbean

In 2021, imports of electric hand-drying apparatus in Latin America and the Caribbean expanded significantly to X units, picking up by X% on the year before. Total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -X% against 2019 indices. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, electric hand-dryer imports shrank to $X in 2021. Over the period under review, imports, however, continue to indicate a mild slump. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Chile (X units) represented the main importer of electric hand-drying apparatus, generating X% of total imports. It was distantly followed by Peru (X units), Brazil (X units), Ecuador (X units) and Colombia (X units), together committing a X% share of total imports. Uruguay (X units), Bolivia (X units), Guatemala (X units), Costa Rica (X units), Mexico (X units), Paraguay (X units), Argentina (X units) and the Dominican Republic (X units) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to electric hand-dryer imports into Chile stood at +X%. At the same time, Bolivia (+X%), Paraguay (+X%), Peru (+X%), Uruguay (+X%), Argentina (+X%), Costa Rica (+X%), Guatemala (+X%), the Dominican Republic (+X%) and Brazil (+X%) displayed positive paces of growth. Moreover, Bolivia emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +X% from 2012-2021. By contrast, Ecuador (-X%), Colombia (-X%) and Mexico (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Chile, Peru, Bolivia, Uruguay and Paraguay increased by +X, +X, +X, +X and +X percentage points, respectively. Brazil (-X p.p.), Ecuador (-X p.p.), Colombia (-X p.p.) and Mexico (-X p.p.) saw their shares reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) constitutes the largest market for imported electric hand-drying apparatus in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports. It was followed by Peru, with an X% share.

From 2012 to 2021, the average annual growth rate of value in Chile totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (+X% per year) and Peru (+X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2021, reducing by -X% against the previous year. Over the period under review, the import price recorded a deep downturn. The most prominent rate of growth was recorded in 2015 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 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 Mexico ($X per unit), while Bolivia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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