Canada: Market for Preparations For Permanent Waving Or Straightening Of Hair 2024

Market Size for Preparations For Permanent Waving Or Straightening Of Hair in Canada

The Canadian market for preparations for permanent waving or straightening of hair was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, consumption, however, saw a perceptible curtailment. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Production of Preparations For Permanent Waving Or Straightening Of Hair in Canada

In value terms, hair waving or straightening preparations production surged to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2017 with an increase of 21% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Preparations For Permanent Waving Or Straightening Of Hair

Exports from Canada

In 2021, overseas shipments of preparations for permanent waving or straightening of hair increased by 3.1% to X tons, rising for the second consecutive year after six years of decline. Overall, exports, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2020 with an increase of 16%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, hair waving or straightening preparations exports soared to $X in 2021. In general, exports, however, saw a abrupt contraction. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for hair waving or straightening preparations exports from Canada, accounting for a approx. 98% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to -18.4%.

In value terms, the United States ($X) also remains the key foreign market for preparations for permanent waving or straightening of hair exports from Canada.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at -13.8%.

Export Prices by Country

The average export price for preparations for permanent waving or straightening of hair stood at $X per ton in 2021, growing by 25% against the previous year. Overall, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of 34% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in the near future.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +5.7% per year.

Imports of Preparations For Permanent Waving Or Straightening Of Hair

Imports into Canada

In 2021, hair waving or straightening preparations imports into Canada shrank to X tons, falling by -13.8% on the previous year. Over the period under review, imports showed a abrupt setback. The pace of growth was the most pronounced in 2020 when imports increased by 13% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, hair waving or straightening preparations imports amounted to $X in 2021. Overall, imports recorded a abrupt downturn. The growth pace was the most rapid in 2018 when imports increased by 18%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest hair waving or straightening preparations supplier to Canada, accounting for a 76% share of total imports. Moreover, hair waving or straightening preparations imports from the United States exceeded the figures recorded by the second-largest supplier, South Korea (X tons), eightfold. Germany (X tons) ranked third in terms of total imports with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to -11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+10.3% per year) and Germany (+18.7% per year).

In value terms, the United States ($X) constituted the largest supplier of preparations for permanent waving or straightening of hair to Canada, comprising 76% of total imports. The second position in the ranking was taken by South Korea ($X), with a 9.2% share of total imports. It was followed by Germany, with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at -7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+14.6% per year) and Germany (+23.3% per year).

Import Prices by Country

In 2021, the average import price for preparations for permanent waving or straightening of hair amounted to $X per ton, rising by 17% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.8%. The most prominent rate of growth was recorded in 2018 an increase of 18% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Italy ($X per ton) and the United States ($X per ton), while the price for South Korea ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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