Bangladesh: Hairpin Market 2025

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

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