Singapore: Market for Hair Lotion and Preparation 2024

Market Size for Hair Lotion and Preparation in Singapore

The Singaporean hair lotion and preparation market contracted to $X in 2021, with a decrease of -14.5% against the previous year. In general, consumption continues to indicate a slight reduction. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Production of Hair Lotion and Preparation in Singapore

In value terms, hair lotion and preparation production stood at $X in 2021 estimated in export price. Over the period under review, production enjoyed strong growth. The growth pace was the most rapid in 2016 when the production volume increased by 195%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Exports of Hair Lotion and Preparation

Exports from Singapore

In 2021, approx. X tons of hair lotion and preparation were exported from Singapore; picking up by 37% compared with the year before. Over the period under review, exports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2016 when exports increased by 40% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, hair lotion and preparation exports surged to $X in 2021. In general, exports posted a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of 56%. The exports peaked in 2021 and are likely to continue growth in the near future.

Exports by Country

China (X tons), Japan (X tons) and South Korea (X tons) were the main destinations of hair lotion and preparation exports from Singapore, with a combined 59% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +49.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hair lotion and preparation exported from Singapore were China ($X), Japan ($X) and South Korea ($X), with a combined 59% share of total exports.

Japan, with a CAGR of +52.8%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average hair lotion and preparation export price stood at $X per ton in 2021, growing by 3.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2018 an increase of 13%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were Vietnam ($X per ton) and Australia ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hair Lotion and Preparation

Imports into Singapore

In 2021, approx. X tons of hair lotion and preparation were imported into Singapore; with an increase of 14% compared with the previous year's figure. In general, imports, however, showed a relatively flat trend pattern. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, hair lotion and preparation imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when imports increased by 20%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the near future.

Imports by Country

Japan (X tons), the United States (X tons) and Thailand (X tons) were the main suppliers of hair lotion and preparation imports to Singapore, together comprising 37% of total imports. These countries were followed by France, Malaysia, South Korea, China, the United Arab Emirates, Italy, Spain, Indonesia, Germany and India, which together accounted for a further 53%.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +21.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hair lotion and preparation suppliers to Singapore were Japan ($X), the United States ($X) and Thailand ($X), with a combined 39% share of total imports. France, Malaysia, South Korea, China, Italy, Spain, Indonesia, Germany, India and the United Arab Emirates lagged somewhat behind, together accounting for a further 50%.

South Korea, with a CAGR of +17.2%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average hair lotion and preparation import price amounted to $X per ton, surging by 3.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. The growth pace was the most rapid in 2018 when the average import price increased by 8.3% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform