India: Market for Hair Lotion and Preparation 2024

Market Size for Hair Lotion and Preparation in India

The Indian hair lotion and preparation market rose slightly to $X in 2021, with an increase of 1.6% against the previous year. Overall, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -2.8% against 2019 indices. Hair lotion and preparation consumption peaked at $X in 2019; afterwards, it flattened through to 2021.

Production of Hair Lotion and Preparation in India

In value terms, hair lotion and preparation production amounted to $X in 2021 estimated in export price. Overall, the total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -2.5% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 25% against the previous year. Hair lotion and preparation production peaked at $X in 2019; afterwards, it flattened through to 2021.

Exports of Hair Lotion and Preparation

Exports from India

After two years of decline, overseas shipments of hair lotion and preparation increased by 17% to X tons in 2021. The total export volume increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 24%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, hair lotion and preparation exports expanded rapidly to $X in 2021. Overall, total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -6.2% against 2018 indices. The pace of growth was the most pronounced in 2013 when exports increased by 36% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons), Nepal (X tons) and Indonesia (X tons) were the main destinations of hair lotion and preparation exports from India, together comprising 26% of total exports. These countries were followed by Saudi Arabia, Iraq, Australia, the United States, Yemen, Qatar, Algeria, Malaysia, Turkey and China, which together accounted for a further 35%.

From 2012 to 2021, the biggest increases were recorded for Qatar (with a CAGR of +26.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Nepal ($X) and the United States ($X) appeared to be the largest markets for hair lotion and preparation exported from India worldwide, with a combined 28% share of total exports. Saudi Arabia, Indonesia, Qatar, Australia, Iraq, Malaysia, Yemen, Algeria, Turkey and China lagged somewhat behind, together accounting for a further 26%.

Qatar, with a CAGR of +37.0%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average hair lotion and preparation export price stood at $X per ton in 2021, which is down by -4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2019 when the average export price increased by 9.9%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hair Lotion and Preparation

Imports into India

Hair lotion and preparation imports into India soared to X tons in 2021, increasing by 41% compared with the previous year. In general, imports enjoyed resilient growth. The pace of growth was the most pronounced in 2018 when imports increased by 63%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, hair lotion and preparation imports soared to $X in 2021. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -7.1% against 2019 indices. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest hair lotion and preparation supplier to India, accounting for a 36% share of total imports. Moreover, hair lotion and preparation imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), twofold. Indonesia (X tons) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +17.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+7.7% per year) and Indonesia (+3.1% per year).

In value terms, the United States ($X) constituted the largest supplier of hair lotion and preparation to India, comprising 25% of total imports. The second position in the ranking was held by China ($X), with a 12% share of total imports. It was followed by Spain, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +29.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.3% per year) and Spain (+6.8% per year).

Import Prices by Country

The average hair lotion and preparation import price stood at $X per ton in 2021, surging by 19% against the previous year. In general, the import price, however, recorded a slight descent. Over the period under review, average import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($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 States (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform