Kuwait: Market for Hair Lotion and Preparation 2024

Market Size for Hair Lotion and Preparation in Kuwait

In 2021, the Kuwaiti hair lotion and preparation market increased by 9.2% to $X, rising for the fifth year in a row after two years of decline. Over the period under review, consumption posted a buoyant expansion. Hair lotion and preparation consumption peaked in 2021 and is likely to see steady growth in years to come.

Exports of Hair Lotion and Preparation

Exports from Kuwait

In 2021, hair lotion and preparation exports from Kuwait reached X tons, rising by 4.2% compared with the previous year's figure. Over the period under review, exports recorded a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of 603% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, hair lotion and preparation exports rose remarkably to $X in 2021. In general, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2020 when exports increased by 383%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Iraq (X tons), the United Arab Emirates (X tons) and Saudi Arabia (X tons) were the main destinations of hair lotion and preparation exports from Kuwait, together comprising 85% of total exports.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +79.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hair lotion and preparation exported from Kuwait were the United Arab Emirates ($X), Saudi Arabia ($X) and Qatar ($X), together comprising 76% of total exports.

The United Arab Emirates, with a CAGR of +77.3%, recorded the highest growth rate of the value of exports, in terms of 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

In 2021, the average hair lotion and preparation export price amounted to $X per ton, increasing by 2.6% against the previous year. Over the period under review, the export price showed a strong increase. The growth pace was the most rapid in 2014 an increase of 48% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Iraq ($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 (+17.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Hair Lotion and Preparation

Imports into Kuwait

For the sixth year in a row, Kuwait recorded growth in overseas purchases of hair lotion and preparation, which increased by 16% to X tons in 2021. In general, imports posted a moderate expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 63% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, hair lotion and preparation imports expanded notably to $X in 2021. Overall, imports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2018 when imports increased by 79%. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the near future.

Imports by Country

The United Arab Emirates (X tons), Italy (X tons) and Egypt (X tons) were the main suppliers of hair lotion and preparation imports to Kuwait, with a combined 50% share of total imports. Germany, India, Spain, the United States, Lebanon, France, Saudi Arabia, the UK and the Philippines lagged somewhat behind, together comprising a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +29.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the United Arab Emirates ($X) and Spain ($X) were the largest hair lotion and preparation suppliers to Kuwait, with a combined 45% share of total imports. These countries were followed by Germany, the United States, Egypt, France, India, the UK, Saudi Arabia, the Philippines and Lebanon, which together accounted for a further 42%.

The United States, with a CAGR of +36.9%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 lotion and preparation import price stood at $X per ton in 2021, with a decrease of -7.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.2%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 43% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Lebanon ($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 (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform