SADC: Hair Spray Market 2024

Hair Spray Market Size in SADC

The SADC hair spray market dropped slightly to $X in 2022, shrinking by -4.8% against the previous year. Over the period under review, consumption recorded a noticeable reduction. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Hair Spray Production in SADC

In value terms, hair spray production shrank to $X in 2022 estimated in export price. Overall, production continues to indicate a pronounced reduction. The pace of growth was the most pronounced in 2021 when the production volume increased by 14% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Hair Spray Exports

Exports in SADC

After two years of growth, overseas shipments of hair sprays decreased by -39.3% to X tons in 2022. In general, exports, however, enjoyed a moderate expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 71%. The volume of export peaked at X tons in 2021, and then contracted dramatically in the following year.

In value terms, hair spray exports contracted notably to $X in 2022. Total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when exports increased by 52%. The level of export peaked at $X in 2021, and then reduced rapidly in the following year.

Exports by Country

South Africa prevails in exports structure, finishing at X tons, which was approx. 89% of total exports in 2022. It was distantly followed by Tanzania (X tons), achieving an 8.6% share of total exports. Zambia (X tons) held a minor share of total exports.

Exports from South Africa increased at an average annual rate of +2.6% from 2012 to 2022. At the same time, Zambia (+13.0%) and Tanzania (+2.1%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing exporter exported in SADC, with a CAGR of +13.0% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest hair spray supplier in SADC, comprising 97% of total exports. The second position in the ranking was taken by Tanzania ($X), with a 2.7% share of total exports.

In South Africa, hair spray exports increased at an average annual rate of +5.4% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Tanzania (+0.4% per year) and Zambia (+1.8% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, growing by 34% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Zambia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+2.7%), while the other leaders experienced a decline in the export price figures.

Hair Spray Imports

Imports in SADC

Hair spray imports shrank significantly to X tons in 2022, waning by -18.4% on the previous year's figure. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 21%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, hair spray imports reduced notably to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 24%. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Africa (X tons) and Namibia (X tons) were the major importers of hair sprays in 2022, accounting for near 28% and 22% of total imports, respectively. It was distantly followed by Botswana (X tons), Democratic Republic of the Congo (X tons) and Swaziland (X tons), together generating a 24% share of total imports. The following importers - Zambia (X tons), Mozambique (X tons), Mauritius (X tons), Comoros (X tons), Madagascar (X tons), Angola (X tons), Lesotho (X tons) and Tanzania (X tons) - together made up 24% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Democratic Republic of the Congo (with a CAGR of +41.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Namibia ($X), South Africa ($X) and Botswana ($X) were the countries with the highest levels of imports in 2022, together accounting for 70% of total imports. Mauritius, Democratic Republic of the Congo, Zambia, Swaziland, Angola, Lesotho, Madagascar, Comoros, Mozambique and Tanzania lagged somewhat behind, together comprising a further 28%.

Democratic Republic of the Congo, with a CAGR of +38.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, waning by -6.6% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 32% against the previous year. The level of import peaked at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mauritius ($X per ton), while Mozambique ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Botswana (+12.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform