China: Hair Spray Market 2024

Hair Spray Market Size in China

The Chinese hair spray market dropped slightly to $X in 2022, with a decrease of -1.9% against the previous year. In general, consumption saw a noticeable contraction. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Hair Spray Production in China

In value terms, hair spray production declined slightly to $X in 2022 estimated in export price. Overall, production showed a pronounced decrease. The most prominent rate of growth was recorded in 2015 when the production volume increased by 8.8% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Hair Spray Exports

Exports from China

In 2022, overseas shipments of hair sprays increased by 38% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, total exports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.9% against 2020 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 55%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, hair spray exports surged to $X in 2022. Overall, exports showed a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 38% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for hair spray exports from China, accounting for a 55% share of total exports. Moreover, hair spray exports to the United States exceeded the volume sent to the second major destination, Japan (X tons), sevenfold. The third position in this ranking was taken by Nigeria (X tons), with a 4.4% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-3.4% per year) and Nigeria (+0.3% per year).

In value terms, the United States ($X) remains the key foreign market for hair sprays exports from China, comprising 64% of total exports. The second position in the ranking was held by Japan ($X), with a 5.6% share of total exports. It was followed by South Korea, with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +19.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-4.6% per year) and South Korea (+20.4% per year).

Export Prices by Country

In 2022, the average hair spray export price amounted to $X per ton, declining by -5.6% against the previous year. In general, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hair spray export price increased by +65.6% against 2017 indices. The pace of growth was the most pronounced in 2021 an increase of 26%. As a result, the export price reached the peak level of $X per ton, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Hair Spray Imports

Imports into China

In 2022, approx. X tons of hair sprays were imported into China; falling by -25.3% on the previous year. Overall, imports, however, posted resilient growth. The pace of growth appeared the most rapid in 2018 when imports increased by 93% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then fell markedly in the following year.

In value terms, hair spray imports fell markedly to $X in 2022. In general, imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2018 when imports increased by 119%. Imports peaked at $X in 2021, and then fell sharply in the following year.

Imports by Country

Japan (X tons), the United States (X tons) and Germany (X tons) were the main suppliers of hair spray imports to China, together comprising 61% of total imports. Hungary, France, Mexico, Vietnam, South Korea, Spain and Australia lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +224.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of hair sprays to China, comprising 42% of total imports. The second position in the ranking was held by the United States ($X), with a 17% share of total imports. It was followed by South Korea, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan stood at +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+34.8% per year) and South Korea (+42.0% per year).

Import Prices by Country

The average hair spray import price stood at $X per ton in 2022, growing by 7.2% against the previous year. In general, the import price showed notable growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 65%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+48.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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