Latin America and the Caribbean: Market for Manicure Or Pedicure Sets And Instruments 2024

Market Size for Manicure Or Pedicure Sets And Instruments in Latin America and the Caribbean

The Latin American manicure or pedicure sets market declined slightly to $X in 2022, with a decrease of -4.6% against the previous year. The total consumption indicated a moderate increase from 2012 to 2022: its value 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. Based on 2022 figures, consumption increased by +42.6% against 2020 indices. As a result, consumption attained the peak level of $X, and then fell slightly in the following year.

Production of Manicure Or Pedicure Sets And Instruments in Latin America and the Caribbean

In value terms, manicure or pedicure sets production contracted slightly to $X in 2022 estimated in export price. The total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +4.5% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 75% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Manicure Or Pedicure Sets And Instruments

Exports in Latin America and the Caribbean

For the third consecutive year, LatAmerica and the Caribbean recorded decline in overseas shipments of manicure or pedicure sets and instruments, which decreased by -32.9% to X units in 2022. In general, exports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2013 with an increase of 75% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, manicure or pedicure sets exports dropped to $X in 2022. Overall, exports showed a drastic downturn. The growth pace was the most rapid in 2013 with an increase of 66% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Mexico (X units) was the key exporter of manicure or pedicure sets and instruments, making up 57% of total exports. It was distantly followed by Brazil (X units), Guatemala (X units) and Panama (X units), together making up a 32% share of total exports. The following exporters - Chile (X units) and the Dominican Republic (X units) - together made up 7.6% of total exports.

Exports from Mexico decreased at an average annual rate of -7.6% from 2012 to 2022. At the same time, Chile (+9.3%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +9.3% from 2012-2022. Brazil experienced a relatively flat trend pattern. By contrast, the Dominican Republic (-4.7%), Guatemala (-9.7%) and Panama (-29.3%) illustrated a downward trend over the same period. Mexico (+22 p.p.), Brazil (+14 p.p.), Chile (+3.7 p.p.), the Dominican Republic (+1.8 p.p.) and Guatemala (+1.7 p.p.) significantly strengthened its position in terms of the total exports, while Panama saw its share reduced by -43.4% from 2012 to 2022, respectively.

In value terms, Brazil ($X), Mexico ($X) and Panama ($X) were the countries with the highest levels of exports in 2022, together comprising 80% of total exports. Chile, the Dominican Republic and Guatemala lagged somewhat behind, together comprising a further 18%.

Among the main exporting countries, Chile, with a CAGR of +11.7%, saw the highest growth rate of 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, jumping by 35% against the previous year. In general, the export price showed a remarkable increase. The pace of growth was the most pronounced in 2017 when the export price increased by 86% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2018; however, from 2019 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 Panama ($X per unit), while Guatemala ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+21.6%), while the other leaders experienced more modest paces of growth.

Imports of Manicure Or Pedicure Sets And Instruments

Imports in Latin America and the Caribbean

Manicure or pedicure sets imports contracted to X units in 2022, waning by -5.3% against 2021. Total imports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +2.5% 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 +65.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 75% against the previous year. As a result, imports reached the peak of X units, and then contracted in the following year.

In value terms, manicure or pedicure sets imports contracted to $X in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 29%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

The purchases of the twelve major importers of manicure or pedicure sets and instruments, namely Mexico, Chile, Brazil, Colombia, Argentina, Peru, Guatemala, Ecuador, the Dominican Republic, El Salvador, Honduras and Panama, represented more than two-thirds of total import.

From 2012 to 2022, the biggest increases were recorded for the Dominican Republic (with a CAGR of +23.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest manicure or pedicure sets importing markets in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Chile ($X), together comprising 48% of total imports. Argentina, Colombia, Peru, Guatemala, the Dominican Republic, Ecuador, Panama, El Salvador and Honduras lagged somewhat behind, together comprising a further 40%.

Among the main importing countries, the Dominican Republic, with a CAGR of +8.5%, 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 more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, approximately equating the previous year. Overall, the import price saw a perceptible curtailment. The pace of growth appeared the most rapid in 2015 an increase of 9.6%. Over the period under review, import prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a 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 Panama ($X per unit), while El Salvador ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+1.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :