Costa Rica: Hair Spray Market 2024

Hair Spray Market Size in Costa Rica

The Costa Rican hair spray market declined to $X in 2022, which is down by -10.5% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Hair spray consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Hair Spray Production in Costa Rica

In value terms, hair spray production contracted to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the production volume increased by 30% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Hair Spray Exports

Exports from Costa Rica

In 2022, the amount of hair sprays exported from Costa Rica skyrocketed to X tons, growing by 21% compared with the year before. Overall, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2017 when exports increased by 636% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, hair spray exports dropped slightly to $X in 2022. In general, exports saw temperate growth. The most prominent rate of growth was recorded in 2017 with an increase of 483% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Panama (X tons) was the main destination for hair spray exports from Costa Rica, with a 93% share of total exports. Moreover, hair spray exports to Panama exceeded the volume sent to the second major destination, Slovakia (X tons), more than tenfold. The third position in this ranking was taken by Nicaragua (X kg), with a 1.5% share.

From 2012 to 2022, the average annual growth rate of volume to Panama totaled +6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (0.0% per year) and Nicaragua (-3.5% per year).

In value terms, Panama ($X) remains the key foreign market for hair sprays exports from Costa Rica, comprising 86% of total exports. The second position in the ranking was held by Slovakia ($X), with an 11% share of total exports. It was followed by Guatemala, with a 0.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Panama amounted to +2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (0.0% per year) and Guatemala (-20.9% per year).

Export Prices by Country

In 2022, the average hair spray export price amounted to $X per ton, waning by -21.5% against the previous year. Over the period under review, the export price saw a perceptible slump. The most prominent rate of growth was recorded in 2018 when the average export price increased by 21%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Nicaragua ($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 Guatemala (+0.6%), while the prices for the other major destinations experienced a decline.

Hair Spray Imports

Imports into Costa Rica

After two years of decline, supplies from abroad of hair sprays increased by 12% to X tons in 2022. In general, imports, however, continue to indicate a deep downturn. The pace of growth was the most pronounced in 2017 when imports increased by 22% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, hair spray imports reduced to $X in 2022. Overall, imports, however, showed a perceptible shrinkage. The growth pace was the most rapid in 2017 with an increase of 20% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The United States (X tons), China (X tons) and Spain (X tons) were the main suppliers of hair spray imports to Costa Rica, together comprising 79% of total imports. Germany, Mexico, Hungary, Italy, El Salvador and Colombia lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +15.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of hair sprays to Costa Rica, comprising 34% of total imports. The second position in the ranking was taken by Spain ($X), with a 16% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+1.4% per year) and China (+8.2% per year).

Import Prices by Country

The average hair spray import price stood at $X per ton in 2022, which is down by -13.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2014 when the average import price increased by 15% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then shrank in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hungary ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+21.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform