GCC: Market for Hair Lotion and Preparation 2024

Market Size for Hair Lotion and Preparation in GCC

The GCC hair lotion and preparation market surged to $X in 2021, with an increase of 32% against the previous year. The market value increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Hair Lotion and Preparation in GCC

In value terms, hair lotion and preparation production surged to $X in 2021 estimated in export price. In general, production enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by 4,038% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Hair Lotion and Preparation

Exports in GCC

After two years of decline, shipments abroad of hair lotion and preparation increased by 59% to X tons in 2021. The total export volume increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, hair lotion and preparation exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +4.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates was the key exporter of hair lotion and preparation in GCC, with the volume of exports recording X tons, which was near 76% of total exports in 2021. Oman (X tons) ranks second in terms of the total exports with a 15% share, followed by Saudi Arabia (7.7%).

Exports from the United Arab Emirates increased at an average annual rate of +2.9% from 2012 to 2021. At the same time, Oman (+60.7%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +60.7% from 2012-2021. By contrast, Saudi Arabia (-1.6%) illustrated a downward trend over the same period. Oman (+15 p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia and the United Arab Emirates saw its share reduced by -5% and -7.6% from 2012 to 2021, respectively.

In value terms, the United Arab Emirates ($X) remains the largest hair lotion and preparation supplier in GCC, comprising 89% of total exports. The second position in the ranking was held by Oman ($X), with a 5.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates stood at +4.5%. In the other countries, the average annual rates were as follows: Oman (+45.0% per year) and Saudi Arabia (-0.7% per year).

Export Prices by Country

In 2021, the export price in GCC amounted to $X per ton, dropping by -17.8% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 43% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2020, and then shrank dramatically in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.6%), while the other leaders experienced mixed trends in the export price figures.

Imports of Hair Lotion and Preparation

Imports in GCC

In 2021, approx. X tons of hair lotion and preparation were imported in GCC; jumping by 46% against the year before. The total import volume increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, hair lotion and preparation imports surged to $X in 2021. The total import value increased at an average annual rate of +4.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United Arab Emirates represented the major importing country with an import of around X tons, which recorded 44% of total imports. Saudi Arabia (X tons) ranks second in terms of the total imports with a 29% share, followed by Kuwait (14%) and Oman (6.7%). The following importers - Qatar (X tons) and Bahrain (X tons) - each accounted for a 5.7% 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 Oman (with a CAGR of +6.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Kuwait ($X) were the countries with the highest levels of imports in 2021, together comprising 86% of total imports.

In terms of the main importing countries, the United Arab Emirates, with a CAGR of +8.8%, 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

In 2021, the import price in GCC amounted to $X per ton, with a decrease of -4.9% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 19%. Over the period under review, import prices attained the maximum at $X per ton in 2020, and then contracted slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Qatar ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+4.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform