Report Update Nov 1, 2024

Republic of Korea - Hairpins, Curling Pins, Curling Grips and Hair-Curlers - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Hairpin Market 2024

Hairpin Market Size in Republic of Korea

For the third consecutive year, the South Korean hairpin market recorded growth in sales value, which increased by 74% to $X in 2021. In general, consumption showed a significant increase. Hairpin consumption peaked in 2021 and is expected to retain growth in the immediate term.

Hairpin Production in Republic of Korea

In value terms, hairpin production fell to $X in 2021 estimated in export price. In general, production, however, continues to indicate a modest expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by 14%. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Hairpin Exports

Exports from Republic of Korea

In 2021, overseas shipments of hairpins, curling pins, curling grips and hair-curlers decreased by -13.6% to X tons, falling for the second consecutive year after three years of growth. Overall, exports saw a pronounced curtailment. The pace of growth appeared the most rapid in 2018 when exports increased by 123%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, hairpin exports expanded significantly to $X in 2021. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 115% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Japan (X tons), China (X tons) and the United States (X tons) were the main destinations of hairpin exports from South Korea, together comprising 52% of total exports. Canada, Indonesia, the United Arab Emirates, Russia, Australia, Brazil, Saudi Arabia, Italy, Thailand and Senegal lagged somewhat behind, together comprising a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Senegal (with a CAGR of +62.8%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the key foreign market for hairpin exports from South Korea, comprising 67% of total exports. The second position in the ranking was taken by China ($X), with a 4.8% share of total exports. It was followed by the United States, with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan amounted to +2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+9.5% per year) and the United States (-6.1% per year).

Export Prices by Country

In 2021, the average hairpin export price amounted to $X per ton, surging by 25% against the previous year. Over the last nine years, it increased at an average annual rate of +3.7%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Hairpin Imports

Imports into Republic of Korea

Hairpin imports into South Korea skyrocketed to X tons in 2021, rising by 42% on the year before. Over the period under review, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2014 with an increase of 397%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, hairpin imports soared to $X in 2021. In general, imports continue to indicate significant growth. The growth pace was the most rapid in 2014 with an increase of 497% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) was the main hairpin supplier to South Korea, with a approx. 98% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +21.5%.

In value terms, China ($X) constituted the largest supplier of hairpin to South Korea.

From 2012 to 2021, the average annual growth rate of value from China amounted to +32.2%.

Import Prices by Country

In 2021, the average hairpin import price amounted to $X per ton, with an increase of 18% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +6.4%. The pace of growth was the most pronounced in 2013 when the average import price increased by 24% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +8.8% per year.

Source: IndexBox Platform

This report provides an in-depth analysis of the hairpin market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 22292915 - Hairpins, curling pins, curling grips, hair-curlers and the like, a nd parts thereof, of plastic (excluding electro-thermic hairdressing apparatus)
Prodcom 25992928 - Hairpins, curling pins, curling grips, hair-curlers and the like, a nd parts thereof, of metal (excluding electro-thermic hairdressing apparatus)
Prodcom 399900Z4 - Hairpins, curling pins, curling grips, hair-curlers and the like, a nd parts thereof (excluding electro-thermic hairdressing apparatus)

Country coverage:

South Korea

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Republic of Korea
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023