Myanmar: Market for Hair Lotion and Preparation 2024

Market Size for Hair Lotion and Preparation in Myanmar

The Myanmar's hair lotion and preparation market rose significantly to $X in 2021, picking up by 14% 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). Overall, the total consumption indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -12.3% against 2019 indices. Hair lotion and preparation consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Exports of Hair Lotion and Preparation

Exports from Myanmar

In 2021, overseas shipments of hair lotion and preparation decreased by -11.4% to X kg, falling for the third year in a row after two years of growth. In general, exports continue to indicate a deep slump. The pace of growth was the most pronounced in 2015 when exports increased by 84% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, hair lotion and preparation exports fell slightly to $X in 2021. Overall, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2015 with an increase of 226% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Malaysia (X kg) was the main destination for hair lotion and preparation exports from Myanmar, with a 91% share of total exports. Moreover, hair lotion and preparation exports to Malaysia exceeded the volume sent to the second major destination, Singapore (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Malaysia totaled -8.5%.

In value terms, the largest markets for hair lotion and preparation exported from Myanmar were Malaysia ($X) and Singapore ($X).

Singapore, with a CAGR of +16.5%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average hair lotion and preparation export price stood at $X per ton in 2021, picking up by 8% against the previous year. Over the period under review, export price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.3% 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 lotion and preparation export price increased by +34.5% against 2016 indices. The pace of growth was the most pronounced in 2015 an increase of 77% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Malaysia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+14.7%).

Imports of Hair Lotion and Preparation

Imports into Myanmar

In 2021, the amount of hair lotion and preparation imported into Myanmar reached X tons, rising by 11% against 2020. Over the period under review, total imports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -12.9% against 2019 indices. The pace of growth was the most pronounced in 2016 with an increase of 36%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, hair lotion and preparation imports skyrocketed to $X in 2021. Overall, total imports indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -12.0% against 2019 indices. The pace of growth was the most pronounced in 2018 when imports increased by 32% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Vietnam (X tons), China (X tons) and Thailand (X tons) were the main suppliers of hair lotion and preparation imports to Myanmar, with a combined 93% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +31.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constituted the largest supplier of hair lotion and preparation to Myanmar, comprising 65% of total imports. The second position in the ranking was taken by Thailand ($X), with a 16% share of total imports. It was followed by China, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value from Vietnam amounted to +38.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-5.7% per year) and China (+3.5% per year).

Import Prices by Country

The average hair lotion and preparation import price stood at $X per ton in 2021, increasing by 4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. The growth pace was the most rapid in 2018 an increase of 29% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform