Asia: Market for Hair Lotion and Preparation 2024

Market Size for Hair Lotion and Preparation in Asia

The Asian hair lotion and preparation market amounted to $X in 2021, growing by 2.9% against the previous year. The market value increased at an average annual rate of +4.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Hair Lotion and Preparation in Asia

In value terms, hair lotion and preparation production stood at $X in 2021 estimated in export price. The total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -3.5% against 2019 indices. The pace of growth appeared the most rapid in 2016 with an increase of 16% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Hair Lotion and Preparation

Exports in Asia

In 2021, after two years of decline, there was significant growth in shipments abroad of hair lotion and preparation, when their volume increased by 17% to X tons. The total export volume increased at an average annual rate of +3.3% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, hair lotion and preparation exports reached $X in 2021. Total exports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +49.8% against 2016 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 22%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

In 2021, Thailand (X tons), China (X tons), Turkey (X tons), Japan (X tons), India (X tons), South Korea (X tons) and the United Arab Emirates (X tons) represented the major exporter of hair lotion and preparation in Asia, mixing up 81% of total export. The following exporters - Singapore (X tons) and Hong Kong SAR (X tons) - each accounted for a 5.4% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by South Korea (with a CAGR of +14.6%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Thailand ($X) and South Korea ($X) constituted the countries with the highest levels of exports in 2021, with a combined 51% share of total exports.

South Korea, with a CAGR of +19.2%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, shrinking by -4.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2018 when the export price increased by 6.1%. Over the period under review, the export prices reached the peak figure at $X per ton in 2020, and then shrank modestly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+4.0%), while the other leaders experienced more modest paces of growth.

Imports of Hair Lotion and Preparation

Imports in Asia

In 2021, imports of hair lotion and preparation in Asia soared to X tons, growing by 19% compared with 2020. The total import volume increased at an average annual rate of +3.9% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, hair lotion and preparation imports soared to $X in 2021. The total import value increased at an average annual rate of +4.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of hair lotion and preparation imports in 2021 were Japan (X tons), South Korea (X tons), the United Arab Emirates (X tons), China (X tons), Iraq (X tons), Saudi Arabia (X tons), Turkey (X tons), Taiwan (Chinese) (X tons), Indonesia (X tons), Kazakhstan (X tons), Kuwait (X tons) and Vietnam (X tons), together amounting to 68% of total import. Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +15.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and the United Arab Emirates ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 40% share of total imports.

China, with a CAGR of +29.9%, 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 ton in 2021, rising by 2.4% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 6.1% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: 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 2021, the most notable rate of growth in terms of prices was attained by China (+12.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform