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

Market Size for Preparations For Permanent Waving Or Straightening Of Hair in SADC

The SADC market for preparations for permanent waving or straightening of hair was finally on the rise to reach $X in 2021, after three years of decline. In general, consumption, however, recorded a pronounced downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Preparations For Permanent Waving Or Straightening Of Hair in SADC

In value terms, hair waving or straightening preparations production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt setback. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Preparations For Permanent Waving Or Straightening Of Hair

Exports in SADC

In 2021, approx. X tons of preparations for permanent waving or straightening of hair were exported in SADC; rising by 14% on the year before. Overall, exports, however, showed a deep contraction. The volume of export peaked 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 soared to $X in 2021. In general, exports, however, saw a abrupt curtailment. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

South Africa (X tons) represented roughly 99% of total exports in 2021.

South Africa was also the fastest-growing in terms of the preparations for permanent waving or straightening of hair exports, with a CAGR of -7.6% from 2012 to 2021. From 2012 to 2021, the share of South Africa increased by +3 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest hair waving or straightening preparations supplier in SADC.

From 2012 to 2021, the average annual rate of growth in terms of value in South Africa amounted to -8.3%.

Export Prices by Country

In 2021, the export price in SADC amounted to $X per ton, surging by 11% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 16% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2021, the rate of growth in terms of prices for South Africa amounted to -0.8% per year.

Imports of Preparations For Permanent Waving Or Straightening Of Hair

Imports in SADC

Hair waving or straightening preparations imports soared to X tons in 2021, picking up by 28% compared with 2020. Over the period under review, imports, however, recorded a pronounced decrease. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, hair waving or straightening preparations imports surged to $X in 2021. Overall, imports, however, showed a perceptible shrinkage. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Tanzania (X tons) represented the key importer of preparations for permanent waving or straightening of hair, creating 54% of total imports. It was distantly followed by Lesotho (X tons) and Angola (X tons), together creating a 19% share of total imports. The following importers - Zimbabwe (X tons), Malawi (X tons), Mozambique (X tons), Zambia (X tons), Botswana (X tons), Namibia (X tons), Democratic Republic of the Congo (X tons) and Swaziland (X tons) - together made up 23% of total imports.

From 2012 to 2021, average annual rates of growth with regard to hair waving or straightening preparations imports into Tanzania stood at +35.1%. At the same time, Malawi (+42.2%), Lesotho (+32.2%), Zambia (+7.5%) and Mozambique (+4.8%) displayed positive paces of growth. Moreover, Malawi emerged as the fastest-growing importer imported in SADC, with a CAGR of +42.2% from 2012-2021. By contrast, Zimbabwe (-6.6%), Swaziland (-9.2%), Democratic Republic of the Congo (-9.4%), Namibia (-12.0%), Botswana (-16.6%) and Angola (-24.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Tanzania, Lesotho, Malawi, Zambia and Mozambique increased by +51, +12, +3.9, +1.9 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Tanzania ($X) constitutes the largest market for imported preparations for permanent waving or straightening of hair in SADC, comprising 51% of total imports. The second position in the ranking was held by Zimbabwe ($X), with an 8.6% share of total imports. It was followed by Lesotho, with an 8.5% share.

From 2012 to 2021, the average annual growth rate of value in Tanzania stood at +42.6%. The remaining importing countries recorded the following average annual rates of imports growth: Zimbabwe (+0.5% per year) and Lesotho (+16.4% per year).

Import Prices by Country

In 2021, the import price in SADC amounted to $X per ton, stabilizing at the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 29% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Zimbabwe ($X per ton), while Zambia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Zimbabwe (+7.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform