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

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

After four years of decline, the Chinese market for preparations for permanent waving or straightening of hair increased by 3.6% to $X in 2021. Overall, consumption recorded a perceptible setback. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

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

In value terms, hair waving or straightening preparations production rose significantly to $X in 2021 estimated in export price. In general, production, however, saw a noticeable shrinkage. The pace of growth was the most pronounced in 2016 with an increase of 41% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Exports of Preparations For Permanent Waving Or Straightening Of Hair

Exports from China

In 2021, the amount of preparations for permanent waving or straightening of hair exported from China soared to X tons, with an increase of 43% against the previous year's figure. Overall, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 46%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, hair waving or straightening preparations exports soared to $X in 2021. The total export value increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Indonesia (X tons), India (X tons) and Thailand (X tons) were the main destinations of hair waving or straightening preparations exports from China, with a combined 71% share of total exports. Vietnam, Japan, South Korea, the Philippines, Taiwan (Chinese), Malaysia, Hong Kong SAR and the United Arab Emirates lagged somewhat behind, together comprising a further 25%.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +24.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hair waving or straightening preparations exported from China were India ($X), Indonesia ($X) and Thailand ($X), together accounting for 73% of total exports.

India, with a CAGR of +15.4%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for preparations for permanent waving or straightening of hair amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the export price saw a deep contraction. The most prominent rate of growth was recorded in 2015 an increase of 6.8%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to the United Arab Emirates ($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 the United Arab Emirates (+8.6%), while the prices for the other major destinations experienced a decline.

Imports of Preparations For Permanent Waving Or Straightening Of Hair

Imports into China

In 2021, approx. X tons of preparations for permanent waving or straightening of hair were imported into China; picking up by 15% on the previous year. In general, imports, however, saw a noticeable descent. The pace of growth was the most pronounced in 2013 with an increase of 57%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, hair waving or straightening preparations imports skyrocketed to $X in 2021. Overall, imports continue to indicate measured growth. The growth pace was the most rapid in 2019 when imports increased by 81% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Japan (X tons) constituted the largest hair waving or straightening preparations supplier to China, accounting for a 59% share of total imports. Moreover, hair waving or straightening preparations imports from Japan exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fourfold. The third position in this ranking was held by Thailand (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Japan stood at +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-1.8% per year) and Thailand (-15.5% per year).

In value terms, Japan ($X) constituted the largest supplier of preparations for permanent waving or straightening of hair to China, comprising 69% of total imports. The second position in the ranking was held by Germany ($X), with a 14% share of total imports. It was followed by Thailand, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan amounted to +14.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.6% per year) and Thailand (-14.2% 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, surging by 7.3% against the previous year. In general, import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, hair waving or straightening preparations import price increased by +73.9% against 2018 indices. The pace of growth was the most pronounced in 2019 an increase of 29%. The import price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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