Panama: 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 Panama

In 2022, the Panamanian market for hair brushes and shaving and toilet brushes for personal use was finally on the rise to reach $X after four years of decline. Overall, consumption enjoyed tangible growth. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

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

Exports from Panama

In 2022, hair, shaving and toilet brush exports from Panama surged to X units, growing by 180% against 2021. Overall, exports, however, faced a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of 321%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, hair, shaving and toilet brush exports soared to $X in 2022. Over the period under review, exports, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2016 when exports increased by 368% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Guatemala (X units) was the main destination for hair, shaving and toilet brush exports from Panama, accounting for a 30% share of total exports. Moreover, hair, shaving and toilet brush exports to Guatemala exceeded the volume sent to the second major destination, Colombia (X units), threefold. Cuba (X units) ranked third in terms of total exports with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Guatemala totaled +8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-14.5% per year) and Cuba (-6.0% per year).

In value terms, Guatemala ($X), Colombia ($X) and Costa Rica ($X) constituted the largest markets for hair, shaving and toilet brush exported from Panama worldwide, with a combined 38% share of total exports. Venezuela, the United States, Cuba, Aruba, Uruguay, Honduras, Chile, Jamaica, Ecuador and Guyana lagged somewhat behind, together accounting for a further 25%.

The United States, with a CAGR of +26.5%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for hair brushes and shaving and toilet brushes for personal use amounted to $X per unit, which is down by -17.2% against the previous year. In general, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.9% 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 export price decreased by -32.6% against 2018 indices. The growth pace was the most rapid in 2015 an increase of 62% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Venezuela ($X per unit), while the average price for exports to Jamaica ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Panama

In 2022, purchases abroad of hair brushes and shaving and toilet brushes for personal use was finally on the rise to reach X units after four years of decline. In general, imports, however, saw a perceptible decrease. The pace of growth appeared the most rapid in 2017 with an increase of 172% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, hair, shaving and toilet brush imports soared to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 183%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), the United States (X units) and Free Zones (X units) were the main suppliers of hair, shaving and toilet brush imports to Panama, with a combined 92% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Free Zones (with a CAGR of +37.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X), the United States ($X) and Free Zones ($X) appeared to be the largest hair, shaving and toilet brush suppliers to Panama, with a combined 92% share of total imports.

Among the main suppliers, Free Zones, with a CAGR of +43.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average import price for hair brushes and shaving and toilet brushes for personal use amounted to $X per unit, which is down by -27.7% against the previous year. In general, the import price, however, continues to indicate a moderate increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 29%. As a result, import price reached the peak level of $X per unit, and then declined significantly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per unit) and Thailand ($X per unit), while the price for Free Zones ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform