Latin America and the Caribbean: Market for Hair Brushes And Shaving And Toilet Brushes For Personal Use 2024

Market Size for Hair Brushes And Shaving And Toilet Brushes For Personal Use in Latin America and the Caribbean

The Latin American market for hair brushes and shaving and toilet brushes for personal use contracted remarkably to $X in 2022, declining by -23.8% against the previous year. Overall, consumption showed a slight slump. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Hair Brushes And Shaving And Toilet Brushes For Personal Use in Latin America and the Caribbean

In value terms, hair, shaving and toilet brush production rose slightly to $X in 2022 estimated in export price. Over the period under review, production showed a noticeable curtailment. The growth pace was the most rapid in 2013 with an increase of 722%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Exports of Hair Brushes And Shaving And Toilet Brushes For Personal Use

Exports in Latin America and the Caribbean

In 2022, shipments abroad of hair brushes and shaving and toilet brushes for personal use increased by 8.7% to X units, rising for the fifth year in a row after three years of decline. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 601%. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, hair, shaving and toilet brush exports reduced notably to $X in 2022. In general, exports posted a resilient increase. The most prominent rate of growth was recorded in 2018 when exports increased by 102%. The level of export peaked at $X in 2021, and then dropped remarkably in the following year.

Exports by Country

Mexico prevails in exports structure, amounting to X units, which was near 91% of total exports in 2022. It was distantly followed by Brazil (X units), mixing up a 5% share of total exports. The Dominican Republic (X units) followed a long way behind the leaders.

Mexico experienced a relatively flat trend pattern with regard to volume of exports of hair brushes and shaving and toilet brushes for personal use. At the same time, the Dominican Republic (+94.1%) and Brazil (+23.5%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +94.1% from 2012-2022. From 2012 to 2022, the share of Brazil and the Dominican Republic increased by +4.4 and +3 percentage points, respectively.

In value terms, the largest hair, shaving and toilet brush supplying countries in Latin America and the Caribbean were the Dominican Republic ($X), Mexico ($X) and Brazil ($X), together comprising 97% of total exports.

Among the main exporting countries, the Dominican Republic, with a CAGR of +122.1%, saw 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 trends in the exports figures.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, with a decrease of -38.6% against the previous year. Over the period under review, the export price, however, recorded strong growth. The pace of growth was the most pronounced in 2016 an increase of 736%. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($X per unit), while Mexico ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+14.4%), while the other leaders experienced a decline in the export price figures.

Imports of Hair Brushes And Shaving And Toilet Brushes For Personal Use

Imports in Latin America and the Caribbean

In 2022, purchases abroad of hair brushes and shaving and toilet brushes for personal use increased by 8.7% to X units, rising for the second year in a row after eight years of decline. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 84% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, hair, shaving and toilet brush imports expanded significantly to $X in 2022. The total import value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 28% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, Mexico (X units) was the key importer of hair brushes and shaving and toilet brushes for personal use, committing 56% of total imports. Colombia (X units) ranks second in terms of the total imports with a 13% share, followed by Brazil (9.9%) and Argentina (7.3%). Peru (X units), Chile (X units) and the Dominican Republic (X units) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to hair, shaving and toilet brush imports into Mexico stood at -2.8%. At the same time, the Dominican Republic (+19.7%), Colombia (+7.5%), Argentina (+7.4%) and Brazil (+3.6%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +19.7% from 2012-2022. Peru experienced a relatively flat trend pattern. By contrast, Chile (-1.2%) illustrated a downward trend over the same period. While the share of Colombia (+6.9 p.p.), Argentina (+3.9 p.p.), Brazil (+3.3 p.p.) and the Dominican Republic (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Mexico (-14.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest hair, shaving and toilet brush importing markets in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Argentina ($X), together accounting for 60% of total imports. Chile, Colombia, the Dominican Republic and Peru lagged somewhat behind, together comprising a further 22%.

In terms of the main importing countries, the Dominican Republic, with a CAGR of +13.9%, recorded the highest growth rate of 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

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, reducing by -3.3% against the previous year. Import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hair, shaving and toilet brush import price decreased by -39.4% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 32% against the previous year. The level of import peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Chile ($X per unit), while Mexico ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+5.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :