Slovakia: Hairpin Market 2024

Hairpin Market Size in Slovakia

The Slovak hairpin market skyrocketed to $X in 2021, picking up by 26% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a remarkable increase. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Hairpin Exports

Exports from Slovakia

In 2021, shipments abroad of hairpins, curling pins, curling grips and hair-curlers was finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 423%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, hairpin exports soared to $X in 2021. Overall, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2013 when exports increased by 161%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Czech Republic (X tons), Poland (X tons) and Austria (X tons) were the main destinations of hairpin exports from Slovakia, together comprising 73% of total exports. Russia, Romania, Hungary and Croatia lagged somewhat behind, together comprising a further 23%.

From 2012 to 2021, the biggest increases were in Romania (with a CAGR of +376.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Russia ($X) and the Czech Republic ($X) were the largest markets for hairpin exported from Slovakia worldwide, with a combined 69% share of total exports. These countries were followed by Austria, Hungary, Romania and Croatia, which together accounted for a further 27%.

Romania, with a CAGR of +263.7%, recorded the highest rates of growth with regard to the value of exports, among 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 hairpin export price stood at $X per ton in 2021, which is down by -14.6% against the previous year. In general, the export price, however, recorded a strong increase. The pace of growth was the most pronounced in 2020 when the average export price increased by 51%. As a result, the export price reached the peak level of $X per ton, and then contracted in the following year.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per ton), while the average price for exports to the Czech Republic ($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 Georgia (+70.4%), while the prices for the other major destinations experienced more modest paces of growth.

Hairpin Imports

Imports into Slovakia

After two years of decline, purchases abroad of hairpins, curling pins, curling grips and hair-curlers increased by 28% to X tons in 2021. Overall, imports, however, showed a perceptible downturn. The growth pace was the most rapid in 2013 when imports increased by 36%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, hairpin imports skyrocketed to $X in 2021. In general, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +40.6% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), China (X tons) and the Czech Republic (X tons) were the main suppliers of hairpin imports to Slovakia, together accounting for 76% of total imports. These countries were followed by Hungary, Italy, the Netherlands, Poland and Spain, which together accounted for a further 19%.

From 2012 to 2021, the biggest increases were in the Netherlands (with a CAGR of +128.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and the Czech Republic ($X) appeared to be the largest hairpin suppliers to Slovakia, with a combined 68% share of total imports. Italy, Hungary, the Netherlands, Poland and Spain lagged somewhat behind, together comprising a further 27%.

In terms of the main suppliers, the Netherlands, with a CAGR of +127.9%, saw the highest rates of growth with regard to the value of imports, 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 hairpin import price amounted to $X per ton, with an increase of 11% against the previous year. Overall, the import price posted a resilient increase. The pace of growth appeared the most rapid in 2018 an increase of 22%. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Czech Republic ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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