Report Update Nov 1, 2024

Bangladesh - Hairpins, Curling Pins, Curling Grips and Hair-Curlers - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Hairpin Market 2024

Hairpin Market Size in Bangladesh

In 2021, the Bangladeshi hairpin market increased by 57% to $X, rising for the second consecutive year after four years of decline. Overall, consumption, however, faced a dramatic curtailment. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Hairpin Exports

Exports from Bangladesh

In 2021, overseas shipments of hairpins, curling pins, curling grips and hair-curlers increased by 80% to X tons, rising for the second consecutive year after two years of decline. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2015 with an increase of 206% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, hairpin exports skyrocketed to $X in 2021. In general, exports saw a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 149% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Kuwait (X tons), the United States (X tons) and Ecuador (X tons) were the main destinations of hairpin exports from Bangladesh, with a combined 54% share of total exports. El Salvador, Nicaragua, Australia, the United Arab Emirates and Saudi Arabia lagged somewhat behind, together comprising a further 30%.

From 2012 to 2021, the biggest increases were in Nicaragua (with a CAGR of +241.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Kuwait ($X) remains the key foreign market for hairpin exports from Bangladesh, comprising 46% of total exports. The second position in the ranking was held by the United States ($X), with a 15% share of total exports. It was followed by Ecuador, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Kuwait amounted to +82.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+67.8% per year) and Ecuador (+74.8% per year).

Export Prices by Country

In 2021, the average hairpin export price amounted to $X per ton, with an increase of 13% against the previous year. Over the period under review, the export price, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2018 an increase of 106%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Kuwait ($X per ton), while the average price for exports to El Salvador ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (-6.7%), while the prices for the other major destinations experienced a decline.

Hairpin Imports

Imports into Bangladesh

In 2021, overseas purchases of hairpins, curling pins, curling grips and hair-curlers increased by 72% to X tons, rising for the second year in a row after four years of decline. Overall, imports, however, continue to indicate a sharp curtailment. The pace of growth appeared the most rapid in 2015 with an increase of 123%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, hairpin imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a sharp shrinkage. The pace of growth was the most pronounced in 2015 with an increase of 142%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

India (X tons), Thailand (X tons) and China (X tons) were the main suppliers of hairpin imports to Bangladesh, with a combined 99% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +19.0%), while imports for the other leaders experienced a decline.

In value terms, the largest hairpin suppliers to Bangladesh were India ($X), China ($X) and Thailand ($X), together accounting for 88% of total imports.

Thailand, with a CAGR of +5.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average hairpin import price amounted to $X per ton, waning by -15.4% against the previous year. In general, the import price saw a noticeable decline. The most prominent rate of growth was recorded in 2016 an increase of 90%. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Hong Kong SAR ($X per ton), while the price for Thailand ($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 (+7.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hairpins, curling pins, curling grips and hair-curlers in the world?

The United States constituted the country with the largest volume of hairpin consumption, accounting for 30% of total volume. Moreover, hairpin consumption in the United States exceeded the figures recorded by the second-largest consumer, Russia, fourfold. The third position in this ranking was occupied by Thailand, with a 4.2% share.

What are the largest producers of hairpins, curling pins, curling grips and hair-curlers in the world?

China remains the largest hairpin producing country worldwide, accounting for 94% of total volume. It was followed by Hong Kong SAR, with a 2.8% share of total production.

What are the leading suppliers of hairpins, curling pins, curling grips and hair-curlers to Bangladesh?

In value terms, India constituted the largest supplier of hairpin to Bangladesh.

What are the leading importers of hairpins, curling pins, curling grips and hair-curlers from Bangladesh?

In value terms, the United States remains the key foreign market for hairpin exports from Bangladesh, comprising 93% of total exports. The second position in the ranking was occupied by Ecuador, with a 4.1% share of total exports.

What is the average export price for hairpins, curling pins, curling grips and hair-curlers in Bangladesh?

The average hairpin export price stood at $32,721 per ton in 2021, falling by -17.9% against the previous year.

What is the average import price for hairpins, curling pins, curling grips and hair-curlers in Bangladesh?

The average hairpin import price stood at $1,523 per ton in 2021, with a decrease of -12.9% against the previous year.

This report provides an in-depth analysis of the hairpin market in Bangladesh. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 22292915 - Hairpins, curling pins, curling grips, hair-curlers and the like, a nd parts thereof, of plastic (excluding electro-thermic hairdressing apparatus)
Prodcom 25992928 - Hairpins, curling pins, curling grips, hair-curlers and the like, a nd parts thereof, of metal (excluding electro-thermic hairdressing apparatus)
Prodcom 399900Z4 - Hairpins, curling pins, curling grips, hair-curlers and the like, a nd parts thereof (excluding electro-thermic hairdressing apparatus)

Country coverage:

Bangladesh

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bangladesh
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023