Egypt: Hair Spray Market 2024

Hair Spray Market Size in Egypt

The Egyptian hair spray market amounted to $X in 2022, increasing by 2.4% against the previous year. Overall, consumption recorded a noticeable reduction. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Hair Spray Production in Egypt

In value terms, hair spray production expanded notably to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt decline. The growth pace was the most rapid in 2020 with an increase of 23% against the previous year. Hair spray production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Hair Spray Exports

Exports from Egypt

After two years of growth, shipments abroad of hair sprays decreased by -24.4% to X tons in 2022. Overall, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of 92,399%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, hair spray exports reduced sharply to $X in 2022. In general, exports faced a deep downturn. The pace of growth was the most pronounced in 2018 with an increase of 91,302%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Kenya (X tons) was the main destination for hair spray exports from Egypt, with a 65% share of total exports. Moreover, hair spray exports to Kenya exceeded the volume sent to the second major destination, Libya (X tons), threefold. The third position in this ranking was held by Sudan (X tons), with a 5.1% share.

From 2012 to 2022, the average annual growth rate of volume to Kenya stood at +630.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Libya (-8.0% per year) and Sudan (+11.6% per year).

In value terms, Kenya ($X) remains the key foreign market for hair sprays exports from Egypt, comprising 75% of total exports. The second position in the ranking was held by Libya ($X), with a 6% share of total exports. It was followed by Sudan, with a 5.9% share.

From 2012 to 2022, the average annual growth rate of value to Kenya totaled +825.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Libya (-11.7% per year) and Sudan (+22.6% per year).

Export Prices by Country

The average hair spray export price stood at $X per ton in 2022, growing by 12% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 104% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat 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 Uganda ($X per ton), while the average price for exports to Libya ($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 Bahrain (+83.8%), while the prices for the other major destinations experienced more modest paces of growth.

Hair Spray Imports

Imports into Egypt

In 2022, hair spray imports into Egypt contracted rapidly to X tons, reducing by -72.5% compared with the previous year. In general, imports showed a abrupt downturn. The pace of growth was the most pronounced in 2017 with an increase of 98% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, hair spray imports fell remarkably to $X in 2022. Overall, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of 100% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the UK (X tons) was the main supplier of hair spray to Egypt, accounting for a 92% share of total imports. Moreover, hair spray imports from the UK exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold. The third position in this ranking was held by Saudi Arabia (X kg), with a 1% share.

From 2012 to 2022, the average annual growth rate of volume from the UK amounted to +29.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+1.9% per year) and Saudi Arabia (-34.3% per year).

In value terms, the UK ($X) constituted the largest supplier of hair sprays to Egypt, comprising 79% of total imports. The second position in the ranking was held by Italy ($X), with a 17% share of total imports. It was followed by Saudi Arabia, with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK amounted to +29.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+9.4% per year) and Saudi Arabia (-36.0% per year).

Import Prices by Country

In 2022, the average hair spray import price amounted to $X per ton, declining by -16.8% against the previous year. In general, the import price recorded a pronounced contraction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 37% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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