Guatemala: Razor Market 2024

Razor Market Size in Guatemala

In 2022, the Guatemalan razor market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. Razor consumption peaked in 2022 and is expected to retain growth in the immediate term.

Razor Exports

Exports from Guatemala

Razor exports from Guatemala stood at X units in 2022, approximately reflecting 2021. Over the period under review, exports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2019 with an increase of X%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, razor exports reached $X in 2022. Overall, exports saw a remarkable increase. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Honduras (X units) was the main destination for razor exports from Guatemala, accounting for a X% share of total exports. Moreover, razor exports to Honduras exceeded the volume sent to the second major destination, El Salvador (X units), threefold. The third position in this ranking was held by Panama (X units), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Honduras totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (X% per year) and Panama (X% per year).

In value terms, Honduras ($X) remains the key foreign market for razors exports from Guatemala, comprising X% of total exports. The second position in the ranking was taken by El Salvador ($X), with a X% share of total exports. It was followed by Panama, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Honduras stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (X% per year) and Panama (X% per year).

Export Prices by Country

In 2022, the average razor export price amounted to $X per unit, growing by X% against the previous year. Over the period under review, the export price recorded a strong expansion. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Dominican Republic ($X per unit), while the average price for exports to Belize ($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 the Dominican Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Razor Imports

Imports into Guatemala

In 2022, imports of razors into Guatemala soared to X units, increasing by X% against the previous year. In general, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, razor imports declined to $X in 2022. Overall, imports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, Mexico (X units) constituted the largest supplier of razor to Guatemala, accounting for a X% share of total imports. Moreover, razor imports from Mexico exceeded the figures recorded by the second-largest supplier, Greece (X units), fivefold. The third position in this ranking was taken by France (X units), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Mexico totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (X% per year) and France (X% per year).

In value terms, Mexico ($X) constituted the largest supplier of razors to Guatemala, comprising X% of total imports. The second position in the ranking was held by Greece ($X), with a X% share of total imports. It was followed by France, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Mexico amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (X% per year) and France (X% per year).

Import Prices by Country

The average razor import price stood at $X per unit in 2022, declining by X% against the previous year. In general, the import price continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. The import price peaked at $X per unit in 2021, and then dropped notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Greece ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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