Italy: Hairpin Market 2024

Hairpin Market Size in Italy

The Italian hairpin market skyrocketed to $X in 2021, growing by 122% against the previous year. Overall, consumption posted a moderate expansion. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Hairpin Production in Italy

In value terms, hairpin production surged to $X in 2021 estimated in export price. In general, production recorded a prominent expansion. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Hairpin Exports

Exports from Italy

In 2021, overseas shipments of hairpins, curling pins, curling grips and hair-curlers were finally on the rise to reach X tons after three years of decline. Overall, exports, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2015 when exports increased by 145%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, hairpin exports skyrocketed to $X in 2021. Over the period under review, exports posted a remarkable increase. The pace of growth appeared the most rapid in 2015 with an increase of 106%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons), Switzerland (X tons) and France (X tons) were the main destinations of hairpin exports from Italy, with a combined 45% share of total exports. Greece, the United States, Spain, Sweden, Kuwait, the Netherlands, Saudi Arabia, Germany and Romania lagged somewhat behind, together comprising a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of +47.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hairpin exported from Italy were Switzerland ($X), France ($X) and the United States ($X), with a combined 46% share of total exports. These countries were followed by the United Arab Emirates, Spain, Germany, Greece, the Netherlands, Romania, Sweden, Kuwait and Saudi Arabia, which together accounted for a further 20%.

In terms of the main countries of destination, Sweden, with a CAGR of +32.1%, recorded the highest growth rate of 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

The average hairpin export price stood at $X per ton in 2021, picking up by 34% against the previous year. In general, the export price posted a resilient expansion. The pace of growth appeared the most rapid in 2014 when the average export price increased by 57%. Over the period under review, the average export prices reached the maximum in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Switzerland ($X per ton), while the average price for exports to Saudi Arabia ($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 Algeria (+24.6%), while the prices for the other major destinations experienced more modest paces of growth.

Hairpin Imports

Imports into Italy

In 2021, overseas purchases of hairpins, curling pins, curling grips and hair-curlers decreased by -20% to X tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2019 with an increase of 40%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, hairpin imports reached $X in 2021. Overall, imports continue to indicate a slight reduction. The pace of growth appeared the most rapid in 2015 when imports increased by 62% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of hairpin to Italy, with a 65% share of total imports. Moreover, hairpin imports from China exceeded the figures recorded by the second-largest supplier, France (X tons), fourfold. The third position in this ranking was held by Spain (X tons), with a 6.8% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+30.1% per year) and Spain (+7.6% per year).

In value terms, China ($X) constituted the largest supplier of hairpin to Italy, comprising 61% of total imports. The second position in the ranking was taken by South Korea ($X), with an 8.5% share of total imports. It was followed by France, with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+5.3% per year) and France (+15.5% per year).

Import Prices by Country

The average hairpin import price stood at $X per ton in 2021, surging by 42% against the previous year. Over the period under review, the import price recorded temperate growth. The growth pace was the most rapid in 2016 when the average import price increased by 47%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was South Korea ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform