Dominican Republic: Market for Shampoos, Hair Lacquers And Other Preparations 2024

Market Size for Shampoos, Hair Lacquers And Other Preparations in the Dominican Republic

The Dominican market for shampoos, hair lacquers and other preparations rose rapidly to $X in 2022, surging by 6.2% against the previous year. The market value increased at an average annual rate of +5.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in years to come.

Production of Shampoos, Hair Lacquers And Other Preparations in the Dominican Republic

In value terms, production of shampoos, hair lacquers and other preparations dropped to $X in 2022 estimated in export price. Overall, the total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.3% against 2019 indices. The growth pace was the most rapid in 2015 when the production volume increased by 28% against the previous year. Over the period under review, production of attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Shampoos, Hair Lacquers And Other Preparations

Exports from the Dominican Republic

In 2022, approx. X tons of shampoos, hair lacquers and other preparations were exported from the Dominican Republic; reducing by -6.6% on the previous year. In general, exports, however, continue to indicate a tangible expansion. The most prominent rate of growth was recorded in 2017 with an increase of 40% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, exports of shampoos, hair lacquers and other preparations declined to $X in 2022. Overall, total exports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -4.9% against 2020 indices. The pace of growth was the most pronounced in 2015 with an increase of 24% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), Haiti (X tons) and Cuba (X tons) were the main destinations of exports of shampoos, hair lacquers and other preparations from the Dominican Republic, together comprising 89% of total exports. The Netherlands and Paraguay lagged somewhat behind, together accounting for a further 4.5%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +39.2%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) remains the key foreign market for shampoos, hair lacquers and other preparations exports from the Dominican Republic, comprising 69% of total exports. The second position in the ranking was taken by Haiti ($X), with an 11% share of total exports. It was followed by the Netherlands, with a 4.9% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (+3.2% per year) and the Netherlands (+45.1% per year).

Export Prices by Country

The average export price for shampoos, hair lacquers and other preparations stood at $X per ton in 2022, surging by 6.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2019 when the average export price increased by 30%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a 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 the Netherlands ($X per ton), while the average price for exports to Haiti ($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 Haiti (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Shampoos, Hair Lacquers And Other Preparations

Imports into the Dominican Republic

Imports of shampoos, hair lacquers and other preparations into the Dominican Republic skyrocketed to X tons in 2022, rising by 51% compared with the year before. The total import volume increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of shampoos, hair lacquers and other preparations skyrocketed to $X in 2022. Overall, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.1% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), Mexico (X tons) and Italy (X tons) were the main suppliers of imports of shampoos, hair lacquers and other preparations to the Dominican Republic, with a combined 63% share of total imports. Colombia, China, Spain and Brazil lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +23.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Mexico ($X) and Italy ($X) were the largest shampoo, hair lacquer and other preparations suppliers to the Dominican Republic, together comprising 62% of total imports. Colombia, Spain, China and Brazil lagged somewhat behind, together comprising a further 29%.

In terms of the main suppliers, Brazil, with a CAGR of +19.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for shampoos, hair lacquers and other preparations amounted to $X per ton, declining by -15.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2021 an increase of 42% against the previous year. As a result, import price attained the peak level of $X per ton, and then contracted remarkably in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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