Eastern Asia: Market for Shampoos, Hair Lacquers And Other Preparations 2024

Market Size for Shampoos, Hair Lacquers And Other Preparations in Eastern Asia

The East Asian market for shampoos, hair lacquers and other preparations rose slightly to $X in 2022, picking up by 1.7% against the previous year. The market value increased at an average annual rate of +2.9% 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 peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Shampoos, Hair Lacquers And Other Preparations in Eastern Asia

In value terms, production of shampoos, hair lacquers and other preparations reached $X in 2022 estimated in export price. The total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.7% 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 -13.7% against 2018 indices. The pace of growth appeared the most rapid in 2016 with an increase of 35%. Over the period under review, production of hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Shampoos, Hair Lacquers And Other Preparations

Exports in Eastern Asia

Exports of shampoos, hair lacquers and other preparations rose markedly to X tons in 2022, surging by 9.5% compared with the year before. Total exports indicated a strong increase from 2012 to 2022: its volume 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, exports increased by +62.1% against 2016 indices. The growth pace was the most rapid in 2019 with an increase of 35%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of shampoos, hair lacquers and other preparations declined slightly to $X in 2022. In general, exports saw a strong increase. The pace of growth appeared the most rapid in 2018 when exports increased by 19% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2021, and then reduced in the following year.

Exports by Country

China represented the main exporting country with an export of about X tons, which finished at 52% of total exports. Japan (X tons) held a 23% share (based on physical terms) of total exports, which put it in second place, followed by South Korea (15%) and Hong Kong SAR (8%). Taiwan (Chinese) (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +3.6% from 2012 to 2022. At the same time, South Korea (+14.2%), Japan (+12.7%) and Taiwan (Chinese) (+1.2%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +14.2% from 2012-2022. Hong Kong SAR experienced a relatively flat trend pattern. Japan (+11 p.p.) and South Korea (+8.3 p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR and China saw its share reduced by -5.6% and -12.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X), China ($X) and South Korea ($X) constituted the countries with the highest levels of exports in 2022, together accounting for 89% of total exports.

Among the main exporting countries, South Korea, with a CAGR of +16.5%, recorded the highest rates of growth with regard to the value of exports, 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 2022, shrinking by -12.8% against the previous year. Export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the export price increased by 31% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: 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 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+4.2%), while the other leaders experienced more modest paces of growth.

Imports of Shampoos, Hair Lacquers And Other Preparations

Imports in Eastern Asia

In 2022, imports of shampoos, hair lacquers and other preparations in Eastern Asia declined to X tons, which is down by -6.6% against the previous year. The total import volume increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of 12% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of shampoos, hair lacquers and other preparations reduced to $X in 2022. Total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 +72.1% against 2014 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 21%. The level of import peaked at $X in 2021, and then contracted in the following year.

Imports by Country

China (X tons) and Japan (X tons) represented the major importers of shampoos, hair lacquers and other preparations in 2022, amounting to near 33% and 27% of total imports, respectively. It was distantly followed by Taiwan (Chinese) (X tons), Hong Kong SAR (X tons) and South Korea (X tons), together constituting a 37% share of total imports. Macao SAR (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by China (with a CAGR of +16.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported shampoos, hair lacquers and other preparations in Eastern Asia, comprising 46% of total imports. The second position in the ranking was held by Japan ($X), with a 21% share of total imports. It was followed by South Korea, with a 12% share.

In China, imports of shampoos, hair lacquers and other preparations increased at an average annual rate of +24.8% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-4.5% per year) and South Korea (+4.4% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, with a decrease of -2% against the previous year. Import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for shampoos, hair lacquers and other preparations increased by +47.3% against 2015 indices. The most prominent rate of growth was recorded in 2020 when the import price increased by 13% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2021, and then shrank slightly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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