Between 2013 and 2023, the per capita expenditure on shave-related products in Honduras demonstrated a declining trend. Starting at $0.17 in 2013, it peaked at $0.18 in 2015 before gradually dropping to $0.15 by 2023.
Year-on-year variations over the last two years remained stable at $0.15, showing no percentage change, while the Compound Annual Growth Rate (CAGR) over the past five years depicts a slight decline, indicating a shift in consumer spending behavior or market saturation.
Looking forward, monitoring potential growth drivers includes demographic changes, increasing disposable incomes, and evolving consumer grooming preferences that could influence market recovery or further contractions.
