Dominican Republic: Hair Spray Market 2024

Hair Spray Market Size in the Dominican Republic

The Dominican hair spray market expanded modestly to $X in 2022, with an increase of 3.9% against the previous year. In general, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +7.8% against 2019 indices. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Hair Spray Production in the Dominican Republic

In value terms, hair spray production rose to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by 69%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Hair Spray Exports

Exports from the Dominican Republic

In 2022, hair spray exports from the Dominican Republic declined remarkably to X tons, waning by -36.8% on 2021. Overall, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 202%. The exports peaked at X tons in 2021, and then shrank rapidly in the following year.

In value terms, hair spray exports stood at $X in 2022. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 413%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons) was the main destination for hair spray exports from the Dominican Republic, with a 88% share of total exports. It was followed by Paraguay (X kg), with a 2.6% share of total exports. The third position in this ranking was taken by France (X kg), with a 2.3% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +28.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+23.2% per year) and France (+41.4% per year).

In value terms, the United States ($X) remains the key foreign market for hair sprays exports from the Dominican Republic, comprising 93% of total exports. The second position in the ranking was held by Paraguay ($X), with a 1.9% share of total exports. It was followed by the Netherlands, with a 1.1% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +34.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+29.9% per year) and the Netherlands (+13.7% per year).

Export Prices by Country

In 2022, the average hair spray export price amounted to $X per ton, surging by 71% against the previous year. Overall, the export price showed a remarkable increase. The growth pace was the most rapid in 2015 when the average export price increased by 78% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to France ($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 Netherlands (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Hair Spray Imports

Imports into the Dominican Republic

In 2022, supplies from abroad of hair sprays increased by 95% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, recorded a deep downturn. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, hair spray imports skyrocketed to $X in 2022. Overall, imports, however, saw a abrupt shrinkage. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of hair spray to the Dominican Republic, with a 66% share of total imports. Moreover, hair spray imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. Spain (X tons) ranked third in terms of total imports with a 5.9% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +24.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-18.0% per year) and Spain (-0.4% per year).

In value terms, China ($X) constituted the largest supplier of hair sprays to the Dominican Republic, comprising 57% of total imports. The second position in the ranking was taken by the United States ($X), with a 20% share of total imports. It was followed by Spain, with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +22.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-18.0% per year) and Spain (+1.3% per year).

Import Prices by Country

The average hair spray import price stood at $X per ton in 2022, falling by -1.5% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 55% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for China ($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 (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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