Republic of Korea: Electric Hair Dryer Market 2025

Electric Hair Dryer Market Size in Republic of Korea

The South Korean electric hair dryer market expanded slightly to $X in 2021, with an increase of 1.8% against the previous year. In general, consumption enjoyed a resilient expansion. Electric hair dryer consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Electric Hair Dryer Production in Republic of Korea

In value terms, electric hair dryer production skyrocketed to $X in 2021 estimated in export price. In general, production posted a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of 164% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Electric Hair Dryer Exports

Exports from Republic of Korea

After two years of decline, shipments abroad of electric hair dryers increased by 3.4% to X units in 2021. Over the period under review, exports enjoyed a prominent expansion. The growth pace was the most rapid in 2016 when exports increased by 120% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, electric hair dryer exports soared to $X in 2021. Overall, exports saw prominent growth. The pace of growth appeared the most rapid in 2016 when exports increased by 96%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Japan (X units) was the main destination for electric hair dryer exports from South Korea, with a 73% share of total exports. Moreover, electric hair dryer exports to Japan exceeded the volume sent to the second major destination, the UK (X units), more than tenfold. The United States (X units) ranked third in terms of total exports with a 5.5% share.

From 2012 to 2021, the average annual growth rate of volume to Japan stood at +10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+42.9% per year) and the United States (-11.7% per year).

In value terms, Japan ($X) remains the key foreign market for electric hair dryers exports from South Korea, comprising 57% of total exports. The second position in the ranking was taken by the United States ($X), with an 11% share of total exports. It was followed by the UK, with an 8.5% share.

From 2012 to 2021, the average annual growth rate of value to Japan amounted to +18.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-3.3% per year) and the UK (+45.2% per year).

Export Prices by Country

The average electric hair dryer export price stood at $X per unit in 2021, picking up by 11% against the previous year. Over the period under review, the export price enjoyed a strong expansion. The pace of growth appeared the most rapid in 2020 an increase of 25% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Australia ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+17.4%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Hair Dryer Imports

Imports into Republic of Korea

In 2021, purchases abroad of electric hair dryers decreased by -17% to X units, falling for the third consecutive year after five years of growth. Overall, imports, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of 51% against the previous year. Over the period under review, imports reached the maximum at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, electric hair dryer imports contracted sharply to $X in 2021. Over the period under review, imports, however, saw a resilient expansion. The pace of growth was the most pronounced in 2017 when imports increased by 64%. Imports peaked at $X in 2020, and then fell significantly in the following year.

Imports by Country

In 2021, China (X units) constituted the largest electric hair dryer supplier to South Korea, accounting for a 72% share of total imports. Moreover, electric hair dryer imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), fivefold.

From 2012 to 2021, the average annual growth rate of volume from China totaled +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+486.4% per year) and the Philippines (+212.8% per year).

In value terms, China ($X), Malaysia ($X) and the Philippines ($X) were the largest electric hair dryer suppliers to South Korea, with a combined 99% share of total imports.

Malaysia, with a CAGR of +600.0%, recorded the highest growth rate of the value of imports, in terms of 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 electric hair dryer import price stood at $X per unit in 2021, waning by -4.4% against the previous year. In general, import price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +7.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electric hair dryer import price increased by +46.9% against 2016 indices. The growth pace was the most rapid in 2013 when the average import price increased by 37%. The import price peaked at $X per unit in 2020, and then shrank slightly in the following year.

Prices varied noticeably country of origin: the country with the highest price was Malaysia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+19.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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