South Africa: Market for Hair Lotion and Preparation 2024

Market Size for Hair Lotion and Preparation in South Africa

The South African hair lotion and preparation market contracted modestly to $X in 2021, falling by -2.9% against the previous year. The market value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Production of Hair Lotion and Preparation in South Africa

In value terms, hair lotion and preparation production expanded to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 24% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Exports of Hair Lotion and Preparation

Exports from South Africa

In 2021, approx. X tons of hair lotion and preparation were exported from South Africa; with an increase of 6.4% against the year before. In general, exports, however, continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2013 with an increase of 12% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, hair lotion and preparation exports soared to $X in 2021. Over the period under review, exports, however, saw a perceptible reduction. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Mozambique (X tons), Namibia (X tons) and Zambia (X tons) were the main destinations of hair lotion and preparation exports from South Africa, with a combined 32% share of total exports. These countries were followed by Botswana, Tanzania, the United Arab Emirates, Zimbabwe, the United States, Lesotho, Kenya, Swaziland, Angola and the Netherlands, which together accounted for a further 47%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +64.1%), while the other leaders experienced more modest paces of growth.

In value terms, Namibia ($X), Mozambique ($X) and Botswana ($X) appeared to be the largest markets for hair lotion and preparation exported from South Africa worldwide, with a combined 35% share of total exports. These countries were followed by Zambia, Tanzania, the United Arab Emirates, the United States, Kenya, Zimbabwe, Swaziland, Lesotho, the Netherlands and Angola, which together accounted for a further 48%.

The United States, with a CAGR of +72.6%, saw the highest growth rate of 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, with an increase of 16% against the previous year. Overall, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Namibia ($X per ton), while the average price for exports to Angola ($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 the United States (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hair Lotion and Preparation

Imports into South Africa

Hair lotion and preparation imports into South Africa stood at X tons in 2021, therefore, remained relatively stable against the year before. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 11% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, hair lotion and preparation imports rose sharply to $X in 2021. Overall, imports, however, recorded a perceptible curtailment. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

France (X tons), the United States (X tons) and Italy (X tons) were the main suppliers of hair lotion and preparation imports to South Africa, with a combined 42% share of total imports. China, Poland, Germany, Belgium, Spain, the UK, India, Canada, Turkey and Saudi Arabia lagged somewhat behind, together accounting for a further 46%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +30.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hair lotion and preparation suppliers to South Africa were the United States ($X), Italy ($X) and France ($X), with a combined 46% share of total imports. These countries were followed by Germany, Poland, the UK, China, Belgium, Canada, Spain, India, Turkey and Saudi Arabia, which together accounted for a further 40%.

Turkey, with a CAGR of +22.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hair lotion and preparation import price stood at $X per ton in 2021, surging by 12% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2017 an increase of 13%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform