Kuwait: Hair Spray Market 2024

Hair Spray Market Size in Kuwait

The Kuwaiti hair spray market was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, consumption enjoyed a perceptible expansion. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Hair Spray Exports

Exports from Kuwait

In 2022, after two years of growth, there was significant decline in overseas shipments of hair sprays, when their volume decreased by -30.4% to X tons. Overall, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 480%. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted remarkably in the following year.

In value terms, hair spray exports shrank rapidly to $X in 2022. Over the period under review, exports, however, showed significant growth. The growth pace was the most rapid in 2020 when exports increased by 554% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then reduced dramatically in the following year.

Exports by Country

The United Arab Emirates (X tons) was the main destination for hair spray exports from Kuwait, accounting for a 63% share of total exports. Moreover, hair spray exports to the United Arab Emirates exceeded the volume sent to the second major destination, Saudi Arabia (X kg), threefold.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates amounted to +21.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+24.7% per year) and Iraq (+19.3% per year).

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Iraq ($X) constituted the largest markets for hair spray exported from Kuwait worldwide, together accounting for 100% of total exports.

Saudi Arabia, with a CAGR of +27.3%, recorded the highest rates of growth with regard to 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

In 2022, the average hair spray export price amounted to $X per ton, remaining stable against the previous year. In general, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hair spray export price increased by +18.8% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 47% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Iraq ($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 Iraq (+2.2%), while the prices for the other major destinations experienced mixed trend patterns.

Hair Spray Imports

Imports into Kuwait

In 2022, overseas purchases of hair sprays increased by 15% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports enjoyed slight growth. The pace of growth was the most pronounced in 2019 when imports increased by 115% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, hair spray imports expanded notably to $X in 2022. Overall, imports recorded moderate growth. The pace of growth was the most pronounced in 2018 with an increase of 138% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Egypt (X tons), Syrian Arab Republic (X tons) and Italy (X tons) were the main suppliers of hair spray imports to Kuwait, with a combined 65% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Syrian Arab Republic (with a CAGR of +21.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X) constituted the largest supplier of hair sprays to Kuwait, comprising 46% of total imports. The second position in the ranking was held by Italy ($X), with a 9.9% share of total imports. It was followed by Germany, with a 6.2% share.

From 2012 to 2022, the average annual growth rate of value from Egypt stood at +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+6.2% per year) and Germany (+2.5% per year).

Import Prices by Country

The average hair spray import price stood at $X per ton in 2022, reducing by -8.1% against the previous year. Overall, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hair spray import price decreased by -33.5% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 44% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 UK ($X per ton), while the price for Indonesia ($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 UK (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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