South-Eastern Asia: Market for Shampoos, Hair Lacquers And Other Preparations 2024

Market Size for Shampoos, Hair Lacquers And Other Preparations in South-Eastern Asia

The Southeast Asian market for shampoos, hair lacquers and other preparations was estimated at $X in 2022, increasing by 2.6% against the previous year. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Shampoos, Hair Lacquers And Other Preparations in South-Eastern Asia

In value terms, production of shampoos, hair lacquers and other preparations stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 14% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production of growth remained at a lower figure.

Exports of Shampoos, Hair Lacquers And Other Preparations

Exports in South-Eastern Asia

In 2022, shipments abroad of shampoos, hair lacquers and other preparations decreased by -3.2% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 7.8% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, exports of shampoos, hair lacquers and other preparations declined modestly to $X in 2022. In general, exports saw a mild decline. The most prominent rate of growth was recorded in 2018 with an increase of 11% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Thailand represented the key exporter of shampoos, hair lacquers and other preparations in South-Eastern Asia, with the volume of exports resulting at X tons, which was approx. 73% of total exports in 2022. It was distantly followed by Singapore (X tons) and Indonesia (X tons), together constituting a 20% share of total exports. The following exporters - Vietnam (X tons) and Malaysia (X tons) - each reached a 7.3% share of total exports.

Exports from Thailand decreased at an average annual rate of -1.4% from 2012 to 2022. At the same time, Vietnam (+8.7%), Singapore (+7.6%) and Indonesia (+1.5%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +8.7% from 2012-2022. By contrast, Malaysia (-3.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Singapore, Vietnam and Indonesia increased by +5.9, +2.2 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest shampoo, hair lacquer and other preparations supplier in South-Eastern Asia, comprising 69% of total exports. The second position in the ranking was held by Singapore ($X), with a 12% share of total exports. It was followed by Indonesia, with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand totaled -3.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (+8.2% per year) and Indonesia (+3.3% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, increasing by 1.7% against the previous year. In general, the export price, however, saw a slight curtailment. The pace of growth was the most pronounced in 2016 an increase of 17% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+1.7%), while the other leaders experienced more modest paces of growth.

Imports of Shampoos, Hair Lacquers And Other Preparations

Imports in South-Eastern Asia

In 2022, imports of shampoos, hair lacquers and other preparations in South-Eastern Asia dropped to X tons, reducing by -6.5% against the year before. The total import volume increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 with an increase of 14% against the previous year. The volume of import peaked at X tons in 2021, and then contracted in the following year.

In value terms, imports of shampoos, hair lacquers and other preparations reduced slightly to $X in 2022. The total import value increased at an average annual rate of +3.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 13% against the previous year. The level of import peaked at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, the Philippines (X tons), distantly followed by Malaysia (X tons), Vietnam (X tons), Singapore (X tons), Thailand (X tons), Indonesia (X tons), Lao People's Democratic Republic (X tons), Cambodia (X tons) and Myanmar (X tons) were the key importers of shampoos, hair lacquers and other preparations, together committing 99% of total imports.

From 2012 to 2022, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of +43.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest shampoo, hair lacquer and other preparations importing markets in South-Eastern Asia were the Philippines ($X), Singapore ($X) and Malaysia ($X), together comprising 58% of total imports. Vietnam, Thailand, Indonesia, Lao People's Democratic Republic, Cambodia and Myanmar lagged somewhat behind, together comprising a further 41%.

Lao People's Democratic Republic, with a CAGR of +37.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, growing by 4.8% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by 12% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+5.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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