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

Market Size for Preparations For Permanent Waving Or Straightening Of Hair in the Dominican Republic

The Dominican market for preparations for permanent waving or straightening of hair stood at $X in 2021, with an increase of 5.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a abrupt slump. Hair waving or straightening preparations consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Exports of Preparations For Permanent Waving Or Straightening Of Hair

Exports from the Dominican Republic

In 2021, exports of preparations for permanent waving or straightening of hair from the Dominican Republic soared to X tons, jumping by 281% against 2020 figures. In general, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2014 when exports increased by 296% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, hair waving or straightening preparations exports soared to $X in 2021. Overall, exports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2014 when exports increased by 418%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Colombia (X tons), the United States (X tons) and Haiti (X tons) were the main destinations of hair waving or straightening preparations exports from the Dominican Republic, with a combined 90% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Colombia (with a CAGR of +57.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hair waving or straightening preparations exported from the Dominican Republic were the United States ($X), Colombia ($X) and Haiti ($X), with a combined 85% share of total exports.

Colombia, with a CAGR of +42.1%, recorded 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

The average export price for preparations for permanent waving or straightening of hair stood at $X per ton in 2021, dropping by -18.7% against the previous year. Overall, the export price continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2014 when the average export price increased by 31%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Haiti ($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 States (+2.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Preparations For Permanent Waving Or Straightening Of Hair

Imports into the Dominican Republic

Hair waving or straightening preparations imports into the Dominican Republic soared to X tons in 2021, with an increase of 42% on the previous year. Over the period under review, imports, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2019 with an increase of 103% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, hair waving or straightening preparations imports rose markedly to $X in 2021. In general, imports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of 79%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest hair waving or straightening preparations supplier to the Dominican Republic, with a 80% share of total imports. Moreover, hair waving or straightening preparations imports from the United States exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold. South Africa (X tons) ranked third in terms of total imports with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled -10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+101.9% per year) and South Africa (-7.9% per year).

In value terms, the United States ($X) constituted the largest supplier of preparations for permanent waving or straightening of hair to the Dominican Republic, comprising 88% of total imports. The second position in the ranking was taken by South Africa ($X), with a 4% share of total imports. It was followed by Spain, with a 2.3% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled -8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (-8.7% per year) and Spain (+21.0% 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, with a decrease of -24.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2016 when the average import price increased by 27% against the previous year. The import price peaked at $X per ton in 2020, and then declined dramatically in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+5.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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