Asia: Hair Spray Market 2024

Hair Spray Market Size in Asia

The Asian hair spray market reduced modestly to $X in 2022, falling by -3.7% against the previous year. Over the period under review, consumption continues to indicate a pronounced downturn. The growth pace was the most rapid in 2021 when the market value increased by 6.3% against the previous year. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Hair Spray Production in Asia

In value terms, hair spray production contracted slightly to $X in 2022 estimated in export price. Overall, production recorded a pronounced shrinkage. The growth pace was the most rapid in 2015 when the production volume increased by 4.8%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Hair Spray Exports

Exports in Asia

In 2022, overseas shipments of hair sprays increased by 45% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +4.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, hair spray exports soared to $X in 2022. Total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +97.6% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the main exporter of hair sprays in Asia, with the volume of exports finishing at X tons, which was approx. 51% of total exports in 2022. Turkey (X tons) held the second position in the ranking, distantly followed by Japan (X tons). All these countries together held approx. 40% share of total exports. The following exporters - the United Arab Emirates (X tons) and Hong Kong SAR (X tons) - each accounted for a 3.7% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +14.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest hair spray supplier in Asia, comprising 53% of total exports. The second position in the ranking was held by Turkey ($X), with a 22% share of total exports. It was followed by Japan, with a 14% share.

From 2012 to 2022, the average annual growth rate of value in China totaled +7.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+10.9% per year) and Japan (+4.7% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, waning by -8.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2020 an increase of 18% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.9%), while the other leaders experienced more modest paces of growth.

Hair Spray Imports

Imports in Asia

Hair spray imports reduced to X tons in 2022, waning by -12.4% on the previous year. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 28%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, hair spray imports reduced to $X in 2022. The total import value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 when imports increased by 17% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons), distantly followed by China (X tons), Iraq (X tons), Turkey (X tons), South Korea (X tons) and Kazakhstan (X tons) were the main importers of hair sprays, together comprising 52% of total imports. The following importers - Singapore (X tons), Hong Kong SAR (X tons), Malaysia (X tons), Israel (X tons), Taiwan (Chinese) (X tons), Uzbekistan (X tons) and Thailand (X tons) - together made up 23% of total imports.

From 2012 to 2022, average annual rates of growth with regard to hair spray imports into the United Arab Emirates stood at +7.4%. At the same time, South Korea (+15.0%), China (+7.7%), Iraq (+7.3%), Thailand (+6.5%), Singapore (+5.2%), Turkey (+3.0%) and Malaysia (+1.7%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Asia, with a CAGR of +15.0% from 2012-2022. Taiwan (Chinese) and Israel experienced a relatively flat trend pattern. By contrast, Kazakhstan (-5.5%), Hong Kong SAR (-8.0%) and Uzbekistan (-10.0%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+11 p.p.), China (+4.4 p.p.), South Korea (+4.1 p.p.), Iraq (+3.5 p.p.), Uzbekistan (+2.7 p.p.), Turkey (+1.9 p.p.) and Singapore (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kazakhstan (-3 p.p.) and Hong Kong SAR (-4.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest hair spray importing markets in Asia were China ($X), the United Arab Emirates ($X) and South Korea ($X), with a combined 45% share of total imports.

In terms of the main importing countries, China, with a CAGR of +11.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, growing by 3.5% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The pace of growth was the most pronounced in 2020 when the import price increased by 14%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+3.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :