Eastern Asia: Market for Preparations For Permanent Waving Or Straightening Of Hair 2024

Market Size for Preparations For Permanent Waving Or Straightening Of Hair in Eastern Asia

In 2021, after four years of decline, there was growth in the East Asian market for preparations for permanent waving or straightening of hair, when its value increased by 3.3% to $X. Over the period under review, consumption, however, saw a noticeable contraction. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Preparations For Permanent Waving Or Straightening Of Hair in Eastern Asia

In value terms, hair waving or straightening preparations production amounted to $X in 2021 estimated in export price. In general, production, however, saw a perceptible descent. The growth pace was the most rapid in 2016 with an increase of 31% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Exports of Preparations For Permanent Waving Or Straightening Of Hair

Exports in Eastern Asia

In 2021, the amount of preparations for permanent waving or straightening of hair exported in Eastern Asia surged to X tons, increasing by 33% against 2020 figures. Total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +9.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +117.6% 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 waving or straightening preparations exports surged to $X in 2021. Total exports indicated a remarkable increase 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. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the major exporter of preparations for permanent waving or straightening of hair in Eastern Asia, with the volume of exports finishing at X tons, which was approx. 52% of total exports in 2021. Japan (X tons) took a 25% share (based on physical terms) of total exports, which put it in second place, followed by South Korea (18%) and Hong Kong SAR (5.3%).

From 2012 to 2021, average annual rates of growth with regard to hair waving or straightening preparations exports from China stood at +10.5%. At the same time, South Korea (+20.7%), Japan (+4.3%) and Hong Kong SAR (+4.1%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +20.7% from 2012-2021. From 2012 to 2021, the share of South Korea and China increased by +11 and +5.8 percentage points, respectively.

In value terms, Japan ($X), China ($X) and South Korea ($X) were the countries with the highest levels of exports in 2021, with a combined 89% share of total exports.

South Korea, with a CAGR of +21.9%, recorded the highest rates of growth with regard to 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

The export price in Eastern Asia stood at $X per ton in 2021, approximately mirroring the previous year. Over the period under review, the export price showed a pronounced descent. The pace of growth was the most pronounced in 2018 an increase of 4.2% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Hong Kong SAR ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+5.3%), while the other leaders experienced mixed trends in the export price figures.

Imports of Preparations For Permanent Waving Or Straightening Of Hair

Imports in Eastern Asia

In 2021, approx. X tons of preparations for permanent waving or straightening of hair were imported in Eastern Asia; increasing by 20% against the previous year's figure. In general, imports, however, saw a relatively flat trend pattern. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, hair waving or straightening preparations imports soared to $X in 2021. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by 26% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

The countries with the highest levels of hair waving or straightening preparations imports in 2021 were South Korea (X tons), Macao SAR (X tons), China (X tons), Taiwan (Chinese) (X tons) and Japan (X tons), together reaching 95% of total import. Hong Kong SAR (X tons) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Macao SAR (with a CAGR of +20.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hair waving or straightening preparations importing markets in Eastern Asia were China ($X), South Korea ($X) and Japan ($X), together comprising 69% of total imports. These countries were followed by Taiwan (Chinese), Macao SAR and Hong Kong SAR, which together accounted for a further 31%.

Among the main importing countries, Macao SAR, with a CAGR of +18.4%, recorded 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

The import price in Eastern Asia stood at $X per ton in 2021, leveling off at the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 12%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while Macao SAR ($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 (+6.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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