The manicure or pedicure preparations market size value per capita in El Salvador exhibited a consistent decline from 2013 to 2023. Starting at $1.44 in 2013, it gradually decreased to $0.93 in 2023. Over the last two years, the market value per capita fell by 7.92% in 2022 and 7.92% in 2023, indicating a gradual but ongoing contraction. The five-year compound annual growth rate (CAGR) from 2018 to 2023 is a significant -8.16%, reflecting consistent market shrinkage.
Future trends could be influenced by:
- Changing consumer preferences for DIY nail products
- Evolving beauty and wellness trends
- Potential economic recovery influencing discretionary spending