Lithuania: Hair Curler Market 2024

Hair Curler Market Size in Lithuania

In 2022, the Lithuanian hair curler market increased by 27% to $X, rising for the third consecutive year after two years of decline. In general, consumption continues to indicate a significant expansion. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Hair Curler Exports

Exports from Lithuania

In 2022, overseas shipments of hair curlers and curling tongs increased by 9.9% to X units, rising for the third consecutive year after two years of decline. In general, exports, however, continue to indicate a mild slump. The pace of growth appeared the most rapid in 2016 when exports increased by 181%. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, hair curler exports fell slightly to $X in 2022. Overall, exports enjoyed a tangible expansion. The growth pace was the most rapid in 2016 when exports increased by 109%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X units), Latvia (X units) and Turkey (X units) were the main destinations of hair curler exports from Lithuania, together comprising 43% of total exports. Switzerland, Poland, Estonia, Serbia and France lagged somewhat behind, together comprising a further 41%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +134.6%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Latvia ($X) and Turkey ($X) constituted the largest markets for hair curler exported from Lithuania worldwide, together comprising 48% of total exports. Poland, Estonia, Serbia, France and Switzerland lagged somewhat behind, together comprising a further 34%.

In terms of the main countries of destination, Poland, with a CAGR of +146.3%, saw the highest rates of growth with regard to 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 hair curler export price stood at $X per unit in 2022, reducing by -10.4% against the previous year. In general, the export price, however, saw prominent growth. The pace of growth appeared the most rapid in 2019 an increase of 63% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Hair Curler Imports

Imports into Lithuania

In 2022, overseas purchases of hair curlers and curling tongs increased by 38% to X units, rising for the third year in a row after two years of decline. Overall, imports enjoyed a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, hair curler imports rose notably to $X in 2022. Over the period under review, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +8.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +36.2% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 43% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), France (X units) and Latvia (X units) were the main suppliers of hair curler imports to Lithuania, together comprising 59% of total imports. Germany, Spain, Poland, Italy, Estonia, Sweden, Hungary and Denmark lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +95.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hair curler suppliers to Lithuania were China ($X), France ($X) and Latvia ($X), together comprising 59% of total imports. Germany, Spain, Poland, Italy, Estonia, Sweden, Hungary and Denmark lagged somewhat behind, together accounting for a further 38%.

In terms of the main suppliers, Spain, with a CAGR of +91.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hair curler import price stood at $X per unit in 2022, reducing by -19.7% against the previous year. In general, the import price recorded a noticeable setback. The pace of growth appeared the most rapid in 2019 an increase of 38% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Denmark ($X per unit) and Hungary ($X per unit), while the price for Spain ($X per unit) and Estonia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (-1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform