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

Market Size for Preparations For Permanent Waving Or Straightening Of Hair in the Middle East

In 2021, after four years of growth, there was significant decline in the Middle Eastern market for preparations for permanent waving or straightening of hair, when its value decreased by -24.3% to $X. Over the period under review, consumption, however, saw a resilient increase. As a result, consumption attained the peak level of $X, and then declined remarkably in the following year.

Production of Preparations For Permanent Waving Or Straightening Of Hair in the Middle East

In value terms, hair waving or straightening preparations production dropped to $X in 2021 estimated in export price. The total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +98.2% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of 46% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then contracted modestly in the following year.

Exports of Preparations For Permanent Waving Or Straightening Of Hair

Exports in the Middle East

Hair waving or straightening preparations exports soared to X tons in 2021, picking up by 179% compared with 2020. Overall, exports, however, continue to indicate a drastic downturn. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, hair waving or straightening preparations exports surged to $X in 2021. Over the period under review, exports, however, showed a slight setback. The most prominent rate of growth was recorded in 2017 when exports increased by 126% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Lebanon was the major exporting country with an export of about X tons, which accounted for 83% of total exports. The United Arab Emirates (X tons) took the second position in the ranking, followed by Turkey (X tons). All these countries together held approx. 15% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to hair waving or straightening preparations exports from Lebanon stood at -6.2%. At the same time, Turkey (+29.3%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +29.3% from 2012-2021. By contrast, the United Arab Emirates (-11.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Lebanon and Turkey increased by +6.3 and +4.4 percentage points, respectively.

In value terms, Lebanon ($X) remains the largest hair waving or straightening preparations supplier in the Middle East, comprising 79% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Lebanon was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (-8.6% per year) and Turkey (+28.2% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, which is down by -23.2% against the previous year. Export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 an increase of 43%. The level of export peaked at $X per ton in 2020, and then contracted dramatically in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Turkey ($X per ton), while Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lebanon (+6.5%), while the other leaders experienced mixed trends in the export price figures.

Imports of Preparations For Permanent Waving Or Straightening Of Hair

Imports in the Middle East

In 2021, approx. X tons of preparations for permanent waving or straightening of hair were imported in the Middle East; picking up by 11% on 2020. Overall, imports, however, showed a drastic downturn. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, hair waving or straightening preparations imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 25% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Saudi Arabia (X tons) and the United Arab Emirates (X tons) represented the largest importers of preparations for permanent waving or straightening of hair in the Middle East, together amounting to approx. 63% of total imports. Iraq (X tons) took the next position in the ranking, followed by Jordan (X tons). All these countries together held approx. 23% share of total imports. Oman (X tons), Yemen (X tons) and Kuwait (X tons) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Jordan (with a CAGR of +7.3%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest hair waving or straightening preparations importing markets in the Middle East were Saudi Arabia ($X), the United Arab Emirates ($X) and Iraq ($X), together comprising 81% of total imports. Jordan, Oman, Kuwait and Yemen lagged somewhat behind, together accounting for a further 13%.

Among the main importing countries, Jordan, with a CAGR of +8.5%, recorded the highest growth rate of 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

In 2021, the import price in the Middle East amounted to $X per ton, surging by 5.2% against the previous year. Import price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, hair waving or straightening preparations import price decreased by +0.4% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the import price increased by 31% against the previous year. Over the period under review, import prices reached the maximum in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Saudi Arabia ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iraq (+15.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :