Key Market Indicators
Sales of deodorant are expected to reach nearly $51 million by 2026, up from $46 million in 2020. This growth is based on a year-on-year average of 1.5%. The United Kingdom, Germany, and France were the top three countries in this ranking. Nicaraguan deodorant export is projected to grow 4.6% annually, reaching 186,100 kilograms in 2026 from 140,730 kilograms in 2021. Since 1999, Nicaragua's deodorant exports have grown 67.1% year on year. In 2021, Peru was the top exporter, followed by Germany, Italy, and Poland. Nicaraguan imports of deodorant are expected to increase 1.8% annually, reaching 2.96 million kilograms in 2026 from 2.65 million kilograms in 2021. Since 1998, Nicaraguan demand has risen 7.4% year on year. In 2021, Argentina was the top importer, followed by the United Kingdom, Germany, and the United States.
