Asia-Pacific: Electric Hair Dryer Market 2024

Electric Hair Dryer Market Size in Asia-Pacific

In 2021, after nine years of growth, there was significant decline in the Asia-Pacific electric hair dryer market, when its value decreased by -17.2% to $X. Over the period under review, consumption, however, enjoyed resilient growth. The level of consumption peaked at $X in 2020, and then plummeted in the following year.

Electric Hair Dryer Production in Asia-Pacific

In value terms, electric hair dryer production reduced modestly to $X in 2021 estimated in export price. Overall, production recorded buoyant growth. The pace of growth appeared the most rapid in 2019 with an increase of 34% against the previous year. The level of production peaked at $X in 2020, and then reduced slightly in the following year.

Electric Hair Dryer Exports

Exports in Asia-Pacific

Electric hair dryer exports surged to X units in 2021, increasing by 18% on 2020 figures. In general, exports showed a measured expansion. The pace of growth was the most pronounced in 2018 with an increase of 185% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in the near future.

In value terms, electric hair dryer exports surged to $X in 2021. Total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +8.0% 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 +100.6% against 2012 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, resulting at X units, which was approx. 91% of total exports in 2021. Malaysia (X units) and Thailand (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to electric hair dryer exports from China stood at +5.1%. At the same time, Malaysia (+5.4%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +5.4% from 2012-2021. By contrast, Thailand (-3.3%) illustrated a downward trend over the same period. While the share of China (+7.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Thailand (-2.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest electric hair dryer supplier in Asia-Pacific, comprising 78% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 9.8% share of total exports.

In China, electric hair dryer exports expanded at an average annual rate of +10.8% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+4.1% per year) and Thailand (-1.7% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per unit, with an increase of 12% against the previous year. In general, the export price saw a perceptible increase. The pace of growth appeared the most rapid in 2016 an increase of 109% against the previous year. The level of export peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Malaysia ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.4%), while the other leaders experienced mixed trends in the export price figures.

Electric Hair Dryer Imports

Imports in Asia-Pacific

In 2021, purchases abroad of electric hair dryers decreased by -50.9% to X units, falling for the second year in a row after six years of growth. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 34% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, electric hair dryer imports stood at $X in 2021. Over the period under review, imports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2017 when imports increased by 43% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

Japan (X units) and India (X units) represented roughly 44% of total imports in 2021. South Korea (X units) ranks next in terms of the total imports with an 11% share, followed by Hong Kong SAR (11%), Taiwan (Chinese) (6.3%), Thailand (5.5%), China (5.1%) and Australia (4.8%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by China (with a CAGR of +152.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported electric hair dryers in Asia-Pacific, comprising 45% of total imports. The second position in the ranking was taken by Japan ($X), with a 21% share of total imports. It was followed by Hong Kong SAR, with a 10% share.

In China, electric hair dryer imports expanded at an average annual rate of +202.4% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+3.2% per year) and Hong Kong SAR (+3.7% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2021, rising by 113% against the previous year. Over the period under review, the import price posted prominent growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was China ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+19.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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