Asia-Pacific: Market for Preparations For Permanent Waving Or Straightening Of Hair 2024

Market Size for Preparations For Permanent Waving Or Straightening Of Hair in Asia-Pacific

In 2021, the Asia-Pacific market for preparations for permanent waving or straightening of hair was finally on the rise to reach $X after four years of decline. Over the period under review, consumption, however, showed a slight decrease. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Production of Preparations For Permanent Waving Or Straightening Of Hair in Asia-Pacific

In value terms, hair waving or straightening preparations production expanded significantly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a noticeable downturn. The pace of growth appeared the most rapid in 2016 when the production volume increased by 23%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Exports of Preparations For Permanent Waving Or Straightening Of Hair

Exports in Asia-Pacific

In 2021, approx. X tons of preparations for permanent waving or straightening of hair were exported in Asia-Pacific; picking up by 31% on 2020 figures. Over the period under review, exports saw a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, hair waving or straightening preparations exports surged to $X in 2021. Overall, exports, however, saw a mild setback. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

China represented the largest exporting country with an export of about X tons, which reached 37% of total exports. Thailand (X tons) took the second position in the ranking, followed by Japan (X tons) and South Korea (X tons). All these countries together took approx. 51% share of total exports. The following exporters - Hong Kong SAR (X tons), Malaysia (X tons) and Singapore (X tons) - together made up 9.3% 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 Singapore (with a CAGR of +37.8%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and Thailand ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 71% of total exports. South Korea, Hong Kong SAR, Singapore and Malaysia lagged somewhat behind, together accounting for a further 26%.

Among the main exporting countries, Singapore, with a CAGR of +40.7%, saw the highest growth rate of the value of exports, 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-Pacific stood at $X per ton in 2021, approximately reflecting the previous year. In general, the export price showed a mild slump. The growth pace was the most rapid in 2018 an increase of 8.5% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 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 Hong Kong SAR ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+5.3%), while the other leaders experienced more modest paces of growth.

Imports of Preparations For Permanent Waving Or Straightening Of Hair

Imports in Asia-Pacific

In 2021, after two years of decline, there was significant growth in purchases abroad of preparations for permanent waving or straightening of hair, when their volume increased by 17% to X tons. The total import volume increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when imports increased by 17% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, hair waving or straightening preparations imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Thailand (X tons), Indonesia (X tons), India (X tons), South Korea (X tons), Macao SAR (X tons), Pakistan (X tons), China (X tons), Taiwan (Chinese) (X tons), Vietnam (X tons), Japan (X tons), Papua New Guinea (X tons) and Australia (X tons) represented the main importer of preparations for permanent waving or straightening of hair in Asia-Pacific, comprising 87% of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by India (with a CAGR of +24.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and India ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 32% share of total imports. Thailand, Japan, Vietnam, Indonesia, Australia, Taiwan (Chinese), Macao SAR, Papua New Guinea and Pakistan lagged somewhat behind, together accounting for a further 54%.

In terms of the main importing countries, Macao SAR, with a CAGR of +18.4%, recorded the highest rates of growth with regard to 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, therefore, remained relatively stable against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 11% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+11.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :