Asia: Smoothing Iron Market 2025

Smoothing Iron Market Size in Asia

The Asian smoothing iron market expanded markedly to $X in 2021, with an increase of 11% against the previous year. The market value increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Smoothing Iron Production in Asia

In value terms, smoothing iron production rose sharply to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 27% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Smoothing Iron Exports

Exports in Asia

In 2021, overseas shipments of electric smoothing irons were finally on the rise to reach X units after two years of decline. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 232% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, smoothing iron exports expanded rapidly to $X in 2021. Overall, exports, however, showed a noticeable shrinkage. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China dominates exports structure, accounting for X units, which was near 95% of total exports in 2021. Indonesia (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the electric smoothing irons exports, with a CAGR of +1.0% from 2012 to 2021. Indonesia (-4.7%) illustrated a downward trend over the same period. While the share of China (+15 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest smoothing iron supplier in Asia, comprising 85% of total exports. The second position in the ranking was held by Indonesia ($X), with an 11% share of total exports.

In China, smoothing iron exports increased at an average annual rate of +2.5% over the period from 2012-2021.

Export Prices by Country

The export price in Asia stood at $X per unit in 2021, rising by 5.4% against the previous year. Overall, the export price, however, showed a mild contraction. The growth pace was the most rapid in 2016 when the export price increased by 89%. Over the period under review, the export prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while China amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.5%).

Smoothing Iron Imports

Imports in Asia

In 2021, supplies from abroad of electric smoothing irons was finally on the rise to reach X units after two years of decline. Overall, imports, however, continue to indicate a deep reduction. The pace of growth was the most pronounced in 2015 when imports increased by 10%. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, smoothing iron imports amounted to $X in 2021. In general, imports, however, continue to indicate a pronounced reduction. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X units) was the largest importer of electric smoothing irons, committing 24% of total imports. Japan (X units) ranks second in terms of the total imports with a 7% share, followed by Vietnam (6.5%), Thailand (6.4%), South Korea (5.8%), Turkey (5.1%) and Singapore (4.9%). Iraq (X units), Kazakhstan (X units), Indonesia (X units), Bangladesh (X units), Hong Kong SAR (X units) and Malaysia (X units) took a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to smoothing iron imports into the United Arab Emirates stood at -1.7%. At the same time, Indonesia (+21.4%), Iraq (+16.5%), Vietnam (+7.1%), South Korea (+6.3%), Bangladesh (+1.8%) and Kazakhstan (+1.0%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in Asia, with a CAGR of +21.4% from 2012-2021. By contrast, Japan (-1.9%), Thailand (-2.0%), Malaysia (-5.0%), Turkey (-5.4%), Hong Kong SAR (-13.9%) and Singapore (-24.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United Arab Emirates, Vietnam, Iraq, South Korea, Indonesia, Japan, Thailand and Kazakhstan increased by +6.8, +4.3, +3.7, +3.7, +2.8, +1.9, +1.7 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest smoothing iron importing markets in Asia were the United Arab Emirates ($X), Japan ($X) and Turkey ($X), together accounting for 40% of total imports. These countries were followed by South Korea, Kazakhstan, Indonesia, Vietnam, Iraq, Hong Kong SAR, Singapore, Malaysia and Bangladesh, which together accounted for a further 35%.

Indonesia, with a CAGR of +24.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per unit in 2021, growing by 6.8% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2013 when the import price increased by 12% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Turkey ($X per unit), while Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+9.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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