Latin America and the Caribbean: Smoothing Iron Market 2024

Smoothing Iron Market Size in Latin America and the Caribbean

The Latin American smoothing iron market stood at $X in 2021, picking up by 3.6% against the previous year. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Smoothing Iron Production in Latin America and the Caribbean

In value terms, smoothing iron production amounted to $X in 2021 estimated in export price. Over the period under review, production recorded a noticeable decline. The pace of growth was the most pronounced in 2014 with an increase of 79% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Smoothing Iron Exports

Exports in Latin America and the Caribbean

In 2021, the amount of electric smoothing irons exported in Latin America and the Caribbean contracted to X units, declining by -11.9% compared with the previous year. In general, exports saw a sharp contraction. The pace of growth was the most pronounced in 2020 with an increase of 27% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, smoothing iron exports shrank remarkably to $X in 2021. Overall, exports continue to indicate a sharp contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 40%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Mexico (X units), Chile (X units), Brazil (X units), Panama (X units) and Colombia (X units) was the major exporter of electric smoothing irons in Latin America and the Caribbean, mixing up 88% of total export. The following exporters - Peru (X units) and Guatemala (X units) - together made up 7.3% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Colombia (with a CAGR of +10.7%), while the other leaders experienced a decline in the exports figures.

In value terms, Chile ($X) remains the largest smoothing iron supplier in Latin America and the Caribbean, comprising 48% of total exports. The second position in the ranking was taken by Brazil ($X), with a 14% share of total exports. It was followed by Panama, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Chile stood at -9.6%. In the other countries, the average annual rates were as follows: Brazil (-25.8% per year) and Panama (-33.1% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2021, shrinking by -24.3% against the previous year. Over the last nine years, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2014 when the export price increased by 31%. The level of export peaked at $X per unit in 2020, and then declined sharply in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Chile ($X per unit), while Mexico ($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 (+8.0%), while the other leaders experienced more modest paces of growth.

Smoothing Iron Imports

Imports in Latin America and the Caribbean

In 2021, overseas purchases of electric smoothing irons increased by 5.2% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, showed a perceptible downturn. The growth pace was the most rapid in 2014 with an increase of 24% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, smoothing iron imports rose remarkably to $X in 2021. Overall, imports, however, showed a noticeable setback. The growth pace was the most rapid in 2017 when imports increased by 18% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Brazil (X units) and Mexico (X units) represented the largest importers of electric smoothing irons in Latin America and the Caribbean, together committing 65% of total imports. It was distantly followed by Chile (X units), Colombia (X units) and Peru (X units), together making up a 22% share of total imports. The following importers - Ecuador (X units) and Argentina (X units) - each reached a 4% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Brazil (with a CAGR of +18.9%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest smoothing iron importing markets in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Chile ($X), together comprising 67% of total imports.

In terms of the main importing countries, Brazil, with a CAGR of +13.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per unit, surging by 5.5% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Argentina ($X per unit), while Colombia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+4.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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