Hong Kong SAR, China: Hair Spray Market 2024

Hair Spray Market Size in Hong Kong SAR, China

In 2022, after two years of growth, there was significant decline in the Hong Kong hair spray market, when its value decreased by -13.1% to $X. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Hair Spray Production in Hong Kong SAR, China

In value terms, hair spray production reached $X in 2022 estimated in export price. Overall, production showed a measured expansion. The pace of growth was the most pronounced in 2018 when the production volume increased by 181%. Hair spray production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Hair Spray Exports

Exports from Hong Kong SAR, China

In 2022, overseas shipments of hair sprays decreased by -31.5% to X tons, falling for the second year in a row after four years of growth. Overall, exports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2018 when exports increased by 511% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, hair spray exports dropped notably to $X in 2022. Over the period under review, exports, however, saw a resilient increase. The growth pace was the most rapid in 2018 when exports increased by 604%. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for hair spray exports from Hong Kong SAR, accounting for a 68% share of total exports. Moreover, hair spray exports to China exceeded the volume sent to the second major destination, South Korea (X tons), fourfold. Macao SAR (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at +40.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+1.0% per year) and Macao SAR (+3.2% per year).

In value terms, China ($X) remains the key foreign market for hair sprays exports from Hong Kong SAR, comprising 68% of total exports. The second position in the ranking was taken by South Korea ($X), with an 18% share of total exports. It was followed by Macao SAR, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to +42.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+7.6% per year) and Macao SAR (+5.1% per year).

Export Prices by Country

In 2022, the average hair spray export price amounted to $X per ton, growing by 5.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2018 an increase of 15% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Taiwan (Chinese) ($X per ton) and South Korea ($X per ton), while the average price for exports to Macao SAR ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Hair Spray Imports

Imports into Hong Kong SAR, China

In 2022, the amount of hair sprays imported into Hong Kong SAR contracted significantly to X tons, shrinking by -58.9% compared with the previous year's figure. Overall, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 113% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, hair spray imports declined significantly to $X in 2022. In general, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 when imports increased by 123%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Japan (X tons) and Malta (X tons) were the main suppliers of hair spray imports to Hong Kong SAR, with a combined 84% share of total imports. Italy, Singapore, the United States and Germany lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +30.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Malta ($X) appeared to be the largest hair spray suppliers to Hong Kong SAR, with a combined 84% share of total imports. Italy, Singapore, the United States and Germany lagged somewhat behind, together accounting for a further 13%.

Italy, with a CAGR of +32.5%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hair spray import price stood at $X per ton in 2022, increasing by 9.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 13% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($X per ton) and Italy ($X per ton), while the price for Singapore ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malta (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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