South Africa: Hair Spray Market 2024

Hair Spray Market Size in South Africa

In 2022, the South African hair spray market increased by 0.3% to $X, rising for the second year in a row after five years of decline. Over the period under review, consumption, however, saw a noticeable reduction. The pace of growth appeared the most rapid in 2021 when the market value increased by 7.7% against the previous year. Hair spray consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Hair Spray Production in South Africa

In value terms, hair spray production contracted to $X in 2022 estimated in export price. In general, production saw a perceptible curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 10%. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Hair Spray Exports

Exports from South Africa

In 2022, shipments abroad of hair sprays decreased by -42.7% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, posted a tangible increase. The pace of growth was the most pronounced in 2015 with an increase of 66% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then reduced rapidly in the following year.

In value terms, hair spray exports dropped significantly to $X in 2022. Overall, total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when exports increased by 49% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then fell sharply in the following year.

Exports by Country

Namibia (X tons) was the main destination for hair spray exports from South Africa, accounting for a 44% share of total exports. Moreover, hair spray exports to Namibia exceeded the volume sent to the second major destination, Botswana (X tons), twofold. The third position in this ranking was taken by Swaziland (X tons), with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Namibia amounted to +12.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (+3.6% per year) and Swaziland (-6.2% per year).

In value terms, Namibia ($X), Botswana ($X) and Swaziland ($X) appeared to be the largest markets for hair spray exported from South Africa worldwide, together comprising 79% of total exports. The Netherlands, Democratic Republic of the Congo, Lesotho, Mozambique, Zimbabwe and Angola lagged somewhat behind, together comprising a further 17%.

In terms of the main countries of destination, the Netherlands, with a CAGR of +101.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average hair spray export price stood at $X per ton in 2022, rising by 41% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. 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 for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Mozambique ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Botswana (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Hair Spray Imports

Imports into South Africa

In 2022, the amount of hair sprays imported into South Africa soared to X tons, picking up by 17% against the previous year. Overall, imports, however, showed a deep contraction. The pace of growth appeared the most rapid in 2017 when imports increased by 58% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, hair spray imports dropped to $X in 2022. Over the period under review, imports, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2018 when imports increased by 61%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), the UK (X tons) and France (X tons) were the main suppliers of hair spray imports to South Africa, with a combined 76% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +44.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hair spray suppliers to South Africa were China ($X), the UK ($X) and the United States ($X), together comprising 57% of total imports.

In terms of the main suppliers, China, with a CAGR of +38.2%, recorded 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

The average hair spray import price stood at $X per ton in 2022, declining by -23.7% against the previous year. In general, the import price saw a mild decline. The growth pace was the most rapid in 2013 an increase of 25%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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