Eastern Asia: Market for Hair Lotion and Preparation 2024

Market Size for Hair Lotion and Preparation in Eastern Asia

After three years of growth, the East Asian hair lotion and preparation market decreased by -3.8% to $X in 2021. The market value increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020, and then declined in the following year.

Production of Hair Lotion and Preparation in Eastern Asia

In value terms, hair lotion and preparation production dropped modestly to $X in 2021 estimated in export price. The total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +10.8% against 2016 indices. The pace of growth was the most pronounced in 2016 with an increase of 31%. The level of production peaked at $X in 2020, and then dropped in the following year.

Exports of Hair Lotion and Preparation

Exports in Eastern Asia

In 2021, approx. X tons of hair lotion and preparation were exported in Eastern Asia; picking up by 25% against 2020 figures. Total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +8.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +104.9% against 2012 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, hair lotion and preparation exports soared to $X in 2021. Over the period under review, exports posted a strong expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 20% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

Exports by Country

In 2021, China (X tons) represented the largest exporter of hair lotion and preparation, generating 46% of total exports. Japan (X tons) took a 28% share (based on physical terms) of total exports, which put it in second place, followed by South Korea (17%) and Hong Kong SAR (7.1%). Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by South Korea (with a CAGR of +14.6%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and China ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 91% of total exports.

South Korea, with a CAGR of +19.2%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, waning by -6.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2016 an increase of 12% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2020, and then reduced in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while China ($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 (+4.0%), while the other leaders experienced more modest paces of growth.

Imports of Hair Lotion and Preparation

Imports in Eastern Asia

In 2021, supplies from abroad of hair lotion and preparation increased by 11% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.3% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, hair lotion and preparation imports skyrocketed to $X in 2021. Total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +79.6% against 2014 indices. The growth pace was the most rapid in 2018 when imports increased by 18%. The level of import peaked in 2021 and is likely to see steady growth in the immediate term.

Imports by Country

In 2021, Japan (X tons), South Korea (X tons) and China (X tons) was the major importer of hair lotion and preparation in Eastern Asia, making up 79% of total import. Taiwan (Chinese) (X tons) held an 11% share (based on physical terms) of total imports, which put it in second place, followed by Hong Kong SAR (8.5%). Macao SAR (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by China (with a CAGR of +15.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hair lotion and preparation importing markets in Eastern Asia were China ($X), Japan ($X) and South Korea ($X), together accounting for 81% of total imports.

China, with a CAGR of +29.9%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, rising by 4.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2019 when the import price increased by 13% against the previous year. Over the period under review, import prices attained the maximum in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+12.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform