Asia-Pacific: Market for Hair Lotion and Preparation 2024

Market Size for Hair Lotion and Preparation in Asia-Pacific

After nine years of growth, the Asia-Pacific hair lotion and preparation market decreased by -2.1% to $X in 2021. The market value increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020, and then fell in the following year.

Production of Hair Lotion and Preparation in Asia-Pacific

In value terms, hair lotion and preparation production fell slightly to $X in 2021 estimated in export price. The total production indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +53.7% against 2013 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 17% against the previous year. The level of production peaked at $X in 2020, and then shrank slightly in the following year.

Exports of Hair Lotion and Preparation

Exports in Asia-Pacific

Hair lotion and preparation exports surged to X tons in 2021, growing by 17% against the year before. The total export volume increased at an average annual rate of +3.3% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, hair lotion and preparation exports expanded rapidly to $X in 2021. Total exports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +57.2% against 2014 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 14%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

Thailand (X tons) and China (X tons) represented roughly 47% of total exports in 2021. It was distantly followed by Japan (X tons), India (X tons) and South Korea (X tons), together making up a 33% share of total exports. The following exporters - Australia (X tons), Singapore (X tons), Hong Kong SAR (X tons), Indonesia (X tons) and Vietnam (X tons) - together made up 16% 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) were the countries with the highest levels of exports in 2021, with a combined 58% 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

In 2021, the export price in Asia-Pacific amounted to $X per ton, declining by -3.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2019 when the export price increased by 7.2%. The level of export peaked at $X per ton in 2020, and then fell modestly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+6.9%), while the other leaders experienced more modest paces of growth.

Imports of Hair Lotion and Preparation

Imports in Asia-Pacific

In 2021, overseas purchases of hair lotion and preparation were finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +3.3% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 with an increase of 10% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, hair lotion and preparation imports surged to $X in 2021. Total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +62.0% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Japan (X tons), South Korea (X tons), China (X tons), Australia (X tons), Taiwan (Chinese) (X tons), Indonesia (X tons), Vietnam (X tons), Hong Kong SAR (X tons), the Philippines (X tons), Singapore (X tons), Thailand (X tons) and Malaysia (X tons) represented roughly 85% of total imports in 2021.

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, the largest hair lotion and preparation importing markets in Asia-Pacific were China ($X), Japan ($X) and Australia ($X), with a combined 54% share of total imports.

In terms of the main importing countries, China, with a CAGR of +29.9%, 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

The import price in Asia-Pacific stood at $X per ton in 2021, with an increase of 7.1% against the previous year. Over the last nine years, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2018 when the import price increased by 10% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while the Philippines ($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