South-Eastern Asia: Market for Hair Lotion and Preparation 2024

Market Size for Hair Lotion and Preparation in South-Eastern Asia

The Southeast Asian hair lotion and preparation market stood at $X in 2021, with an increase of 3.1% against the previous year. The market value increased at an average annual rate of +3.1% over the period 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 remained at a somewhat lower figure.

Production of Hair Lotion and Preparation in South-Eastern Asia

In value terms, hair lotion and preparation production rose to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 15% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Exports of Hair Lotion and Preparation

Exports in South-Eastern Asia

In 2021, overseas shipments of hair lotion and preparation increased by 7.3% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 11% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, hair lotion and preparation exports expanded markedly to $X in 2021. Over the period under review, exports, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in 2018 with an increase of 13% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Thailand prevails in exports structure, recording X tons, which was approx. 71% of total exports in 2021. It was distantly followed by Singapore (X tons), Indonesia (X tons) and Vietnam (X tons), together making up a 24% share of total exports. Malaysia (X tons) held a minor share of total exports.

Exports from Thailand decreased at an average annual rate of -1.7% from 2012 to 2021. At the same time, Singapore (+9.0%), Malaysia (+1.8%) and Vietnam (+1.6%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +9.0% from 2012-2021. By contrast, Indonesia (-2.2%) illustrated a downward trend over the same period. Singapore (+5.6 p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by -5.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest hair lotion and preparation supplier in South-Eastern Asia, comprising 65% of total exports. The second position in the ranking was held by Singapore ($X), with a 13% share of total exports. It was followed by Indonesia, with an 11% share.

In Thailand, hair lotion and preparation exports decreased by an average annual rate of -4.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Singapore (+11.5% per year) and Indonesia (+4.6% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, declining by -2% against the previous year. In general, the export price showed a slight curtailment. The most prominent rate of growth was recorded in 2019 an increase of 13%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the export prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Vietnam ($X per ton) and Singapore ($X per ton), while Thailand ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+6.9%), while the other leaders experienced more modest paces of growth.

Imports of Hair Lotion and Preparation

Imports in South-Eastern Asia

In 2021, the amount of hair lotion and preparation imported in South-Eastern Asia expanded significantly to X tons, with an increase of 8.8% on the previous year. The total import volume increased at an average annual rate of +4.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 13%. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the near future.

In value terms, hair lotion and preparation imports expanded sharply to $X in 2021. The total import value increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of hair lotion and preparation imports in 2021 were Indonesia (X tons), Vietnam (X tons), the Philippines (X tons), Singapore (X tons), Thailand (X tons) and Malaysia (X tons), together finishing at 91% of total import. Myanmar (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Vietnam (with a CAGR of +12.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hair lotion and preparation importing markets in South-Eastern Asia were Singapore ($X), Indonesia ($X) and Malaysia ($X), together comprising 55% of total imports. Vietnam, Thailand, the Philippines and Myanmar lagged somewhat behind, together accounting for a further 41%.

Among the main importing countries, Vietnam, with a CAGR of +9.0%, 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

In 2021, the import price in South-Eastern Asia amounted to $X per ton, picking up by 3.3% against the previous year. Overall, the import price, however, saw a mild downturn. The most prominent rate of growth was recorded in 2018 an increase of 9% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+2.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform