Kuwait: Market for Preparations For Permanent Waving Or Straightening Of Hair 2024

Market Size for Preparations For Permanent Waving Or Straightening Of Hair in Kuwait

The Kuwaiti market for preparations for permanent waving or straightening of hair fell markedly to $X in 2021, which is down by -29.5% 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 recorded a pronounced curtailment. Hair waving or straightening preparations consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Exports of Preparations For Permanent Waving Or Straightening Of Hair

Exports from Kuwait

In 2021, shipments abroad of preparations for permanent waving or straightening of hair increased by 229% to X tons, rising for the third year in a row after five years of decline. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2019 with an increase of 6,100% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, hair waving or straightening preparations exports surged to $X in 2021. Overall, exports saw a significant increase. The pace of growth was the most pronounced in 2019 with an increase of 2,658%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Saudi Arabia (X tons) was the main destination for hair waving or straightening preparations exports from Kuwait, with a 94% share of total exports. Moreover, hair waving or straightening preparations exports to Saudi Arabia exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Saudi Arabia amounted to +72.1%.

In value terms, Saudi Arabia ($X) remains the key foreign market for preparations for permanent waving or straightening of hair exports from Kuwait, comprising 74% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 23% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Saudi Arabia totaled +72.0%.

Export Prices by Country

The average export price for preparations for permanent waving or straightening of hair stood at $X per ton in 2021, with a decrease of -56.3% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 215% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Saudi Arabia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+21.8%).

Imports of Preparations For Permanent Waving Or Straightening Of Hair

Imports into Kuwait

In 2021, approx. X tons of preparations for permanent waving or straightening of hair were imported into Kuwait; waning by -40.4% on the previous year. Overall, imports showed a abrupt slump. The growth pace was the most rapid in 2018 with an increase of 182% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, hair waving or straightening preparations imports fell markedly to $X in 2021. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 158%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Lebanon (X tons), Egypt (X tons) and the United Arab Emirates (X tons) were the main suppliers of hair waving or straightening preparations imports to Kuwait, together accounting for 74% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of +17.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hair waving or straightening preparations suppliers to Kuwait were Egypt ($X), Lebanon ($X) and the United Arab Emirates ($X), with a combined 56% share of total imports.

Egypt, with a CAGR of +24.6%, recorded the highest rates of growth with regard to the value of imports, among 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 import price for preparations for permanent waving or straightening of hair stood at $X per ton in 2021, picking up by 32% against the previous year. Over the period under review, the import price posted a prominent expansion. The pace of growth appeared the most rapid in 2017 when the average import price increased by 55%. As a result, import price attained the peak level of $X per ton. From 2018 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 Brazil ($X per ton), while the price for Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+34.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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