Iran: Hair Spray Market 2024

Hair Spray Market Size in Iran

The Iranian hair spray market reduced dramatically to $X in 2022, shrinking by -18.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a abrupt curtailment. Hair spray consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Hair Spray Exports

Exports from Iran

In 2022, the amount of hair sprays exported from Iran declined to X tons, which is down by -13.2% against the previous year's figure. Over the period under review, exports, however, saw a significant expansion. The growth pace was the most rapid in 2014 when exports increased by 303% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, hair spray exports contracted notably to $X in 2022. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 304%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Kazakhstan (X tons) was the main destination for hair spray exports from Iran, with a 73% share of total exports. Moreover, hair spray exports to Kazakhstan exceeded the volume sent to the second major destination, Azerbaijan (X kg), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kazakhstan totaled +24.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (+51.4% per year) and Switzerland (0.0% per year).

In value terms, Kazakhstan ($X) emerged as the key foreign market for hair sprays exports from Iran, comprising 82% of total exports. The second position in the ranking was taken by Azerbaijan ($X), with a 10% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Kazakhstan amounted to +30.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (+34.1% per year) and Switzerland (0.0% per year).

Export Prices by Country

The average hair spray export price stood at $X per ton in 2022, which is down by -11.3% against the previous year. Overall, the export price, however, continues to indicate a notable expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 98%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Azerbaijan ($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 Afghanistan (+8.5%), while the prices for the other major destinations experienced mixed trend patterns.

Hair Spray Imports

Imports into Iran

In 2022, the amount of hair sprays imported into Iran dropped significantly to X tons, waning by -20.7% against the previous year. Over the period under review, imports saw a abrupt contraction. The pace of growth appeared the most rapid in 2018 when imports increased by 220%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, hair spray imports declined sharply to $X in 2022. In general, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 180% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of hair spray to Iran, with a 50% share of total imports. Moreover, hair spray imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Sri Lanka (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey amounted to +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-11.1% per year) and Sri Lanka (-4.9% per year).

In value terms, Turkey ($X) constituted the largest supplier of hair sprays to Iran, comprising 59% of total imports. The second position in the ranking was taken by Sri Lanka ($X), with an 18% share of total imports. It was followed by Germany, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey totaled +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (-1.0% per year) and Germany (-17.9% per year).

Import Prices by Country

The average hair spray import price stood at $X per ton in 2022, picking up by 3.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The pace of growth appeared the most rapid in 2016 when the average import price increased by 25%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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 Sri Lanka ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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