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

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

In 2021, the Slovak market for preparations for permanent waving or straightening of hair decreased by -87.7% to $X, falling for the sixth consecutive year after two years of growth. In general, consumption showed a dramatic decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Preparations For Permanent Waving Or Straightening Of Hair

Exports from Slovakia

In 2021, the amount of preparations for permanent waving or straightening of hair exported from Slovakia surged to X tons, increasing by 20% on the previous year's figure. In general, exports, however, recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2018 when exports increased by 450% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, hair waving or straightening preparations exports fell to $X in 2021. Overall, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 821%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons), the United Arab Emirates (X tons) and Poland (X tons) were the main destinations of hair waving or straightening preparations exports from Slovakia, with a combined 94% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +25.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) remains the key foreign market for preparations for permanent waving or straightening of hair exports from Slovakia, comprising 75% of total exports. The second position in the ranking was taken by Germany ($X), with a 14% share of total exports. It was followed by the United Arab Emirates, with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Poland stood at +42.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+5.9% per year) and the United Arab Emirates (+15.7% per year).

Export Prices by Country

In 2021, the average export price for preparations for permanent waving or straightening of hair amounted to $X per ton, reducing by -16.9% against the previous year. In general, the export price, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2014 when the average export price increased by 81%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+44.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Preparations For Permanent Waving Or Straightening Of Hair

Imports into Slovakia

For the third year in a row, Slovakia recorded decline in purchases abroad of preparations for permanent waving or straightening of hair, which decreased by -40% to X tons in 2021. Overall, imports showed a dramatic decline. The growth pace was the most rapid in 2015 with an increase of 37%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, hair waving or straightening preparations imports fell to $X in 2021. In general, imports recorded a noticeable decline. The pace of growth was the most pronounced in 2018 when imports increased by 142%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Czech Republic (X tons) constituted the largest hair waving or straightening preparations supplier to Slovakia, accounting for a 59% share of total imports. Moreover, hair waving or straightening preparations imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Hungary (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from the Czech Republic totaled -24.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-29.6% per year) and Hungary (+27.4% per year).

In value terms, Germany ($X) constituted the largest supplier of preparations for permanent waving or straightening of hair to Slovakia, comprising 61% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 19% share of total imports. It was followed by France, with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to -4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-7.3% per year) and France (+32.8% per year).

Import Prices by Country

In 2021, the average import price for preparations for permanent waving or straightening of hair amounted to $X per ton, with an increase of 44% against the previous year. Over the period under review, the import price showed a significant increase. The pace of growth was the most pronounced in 2013 when the average import price increased by 404%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+57.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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