Market Insights Consumer Beauty & Personal Care Personal Care

Shaving - Ecuador

Ecuador

In Ecuador, the revenue generated in the Shaving market in 2024 amounts to €71.09m.
It is projected that the market will experience an annual growth rate of 2.49% from 2024 to 2029 (CAGR 2024-2029).
When compared globally, in China generates the highest revenue in the Shaving market, with a total of €5,914m in 2024.
Taking into account the total population figures, the per person revenue generated in Ecuador in 2024 is €3.87.
The demand for traditional straight razors is on the rise in Ecuador as men seek a more authentic and nostalgic shaving experience.

Key regions: Canada, Indonesia, United States, United Kingdom, Singapore

Marché

Région

Comparaison de régions

Monnaie

Methodology

Data coverage:

The data encompasses B2C enterprises. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations such as population, GDP per capita, and Human Development Index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, multiple forecasting techniques based on different forecasting methods, such as Autoregressive Integrated Moving Average (ARIMA) and exponential trend smoothing, can provide the most accurate forecasts.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.