India: Hair Spray Market 2024

Hair Spray Market Size in India

The Indian hair spray market dropped modestly to $X in 2022, remaining constant against the previous year. Over the period under review, consumption showed a noticeable setback. The most prominent rate of growth was recorded in 2019 when the market value increased by 4.5%. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Hair Spray Production in India

In value terms, hair spray production amounted to $X in 2022 estimated in export price. Overall, production showed a noticeable setback. The pace of growth was the most pronounced in 2019 when the production volume increased by 8.5% against the previous year. Hair spray production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Hair Spray Exports

Exports from India

In 2022, approx. X tons of hair sprays were exported from India; shrinking by -56.4% on 2021 figures. In general, exports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 when exports increased by 169% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, hair spray exports dropped dramatically to $X in 2022. Over the period under review, exports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2017 with an increase of 160% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for hair spray exports from India, accounting for a 47% share of total exports. Moreover, hair spray exports to the United Arab Emirates exceeded the volume sent to the second major destination, the United States (X tons), threefold. Nepal (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates amounted to +46.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+26.4% per year) and Nepal (-9.0% per year).

In value terms, the United Arab Emirates ($X), Nepal ($X) and the United States ($X) appeared to be the largest markets for hair spray exported from India worldwide, together comprising 58% of total exports. Bangladesh, South Africa, Guyana, Australia and Turkey lagged somewhat behind, together accounting for a further 20%.

In terms of the main countries of destination, South Africa, with a CAGR of +87.4%, saw 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

In 2022, the average hair spray export price amounted to $X per ton, which is down by -23.7% against the previous year. In general, the export price saw a noticeable setback. The most prominent rate of growth was recorded in 2020 an increase of 48%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then contracted rapidly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to the United Arab Emirates ($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 Turkey (+49.5%), while the prices for the other major destinations experienced more modest paces of growth.

Hair Spray Imports

Imports into India

Hair spray imports into India surged to X tons in 2022, rising by 94% compared with 2021 figures. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 254%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, hair spray imports soared to $X in 2022. Over the period under review, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest hair spray supplier to India, accounting for a 47% share of total imports. Moreover, hair spray imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was held by France (X tons), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands totaled +54.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.4% per year) and France (+17.2% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of hair sprays to India, comprising 56% of total imports. The second position in the ranking was held by Germany ($X), with a 20% share of total imports. It was followed by France, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands amounted to +80.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+16.4% per year) and France (+20.6% per year).

Import Prices by Country

In 2022, the average hair spray import price amounted to $X per ton, jumping by 77% against the previous year. Overall, the import price enjoyed a moderate expansion. The growth pace was the most rapid in 2015 an increase of 111% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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 the United States ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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