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 2022, with an increase of X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Smoothing Iron Production in Latin America and the Caribbean

In value terms, smoothing iron production declined modestly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a pronounced setback. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

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Smoothing Iron Exports

Exports in Latin America and the Caribbean

Smoothing iron exports stood at X units in 2022, with an increase of X% on the previous year. In general, exports, however, continue to indicate a sharp decrease. The pace of growth was the most pronounced in 2020 with an increase of X%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, smoothing iron exports expanded markedly to $X in 2022. Over the period under review, exports, however, saw a abrupt decrease. The growth pace was the most rapid in 2020 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Chile represented the main exporter of electric smoothing irons in Latin America and the Caribbean, with the volume of exports amounting to X units, which was near X% of total exports in 2022. Panama (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Brazil (X%), Colombia (X%), Mexico (X%) and Guatemala (X%). Peru (X units) took a minor share of total exports.

Exports from Chile decreased at an average annual rate of X% from 2012 to 2022. At the same time, Colombia (X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Guatemala (X%), Peru (X%), Panama (X%), Mexico (X%) and Brazil (X%) illustrated a downward trend over the same period. Chile (X p.p.), Colombia (X p.p.), Panama (X p.p.) and Guatemala (X p.p.) significantly strengthened its position in terms of the total exports, while Mexico and Brazil saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Chile amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Panama (X% per year) and Mexico (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, leveling off at the previous year. Export price indicated buoyant growth from 2012 to 2022: its price 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, smoothing iron export price decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 Guatemala ($X per unit), while Panama ($X per unit) was amongst the lowest.

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

Smoothing Iron Imports

Imports in Latin America and the Caribbean

In 2022, imports of electric smoothing irons in Latin America and the Caribbean amounted to X units, picking up by X% on the previous year. Overall, imports, however, recorded a slight setback. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, smoothing iron imports expanded rapidly to $X in 2022. In general, imports, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Mexico (X units) and Brazil (X units) represented roughly X% of total imports in 2022. Colombia (X units) took the next position in the ranking, followed by Chile (X units) and Ecuador (X units). All these countries together held approx. X% share of total imports. The following importers - Peru (X units) and Bolivia (X units) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Brazil (with a CAGR of X%), 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 Colombia ($X), with a combined X% share of total imports.

Brazil, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 ($X per unit), while Bolivia ($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 (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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