Between 2013 and 2023, the hair lacquers market size per capita in Guatemala decreased from $0.12 to $0.066, showing a steady decline. The notable year-on-year variation within the 2022-2023 period was a decrease of 5.71%. Over the last five years, the compound annual growth rate (CAGR) indicates an average annual decrease of approximately 4.32%, highlighting a persistent downtrend.

Future trends to watch for include:

Potential market stabilization as consumers shift towards multifaceted hair styling products.
Emergence of eco-friendly and organic hair styling solutions.
Increased innovation and personalization in hair care products targeting niche markets.