Southern Asia: Hair Spray Market 2025

Hair Spray Market Size in Southern Asia

The South Asian hair spray market shrank to $X in 2022, approximately mirroring the previous year. Overall, consumption showed a perceptible downturn. The most prominent rate of growth was recorded in 2018 with an increase of 8%. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Hair Spray Production in Southern Asia

In value terms, hair spray production stood at $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible slump. The pace of growth was the most pronounced in 2018 when the production volume increased by 10% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Hair Spray Exports

Exports in Southern Asia

In 2022, exports of hair sprays in Southern Asia contracted significantly to X tons, which is down by -29.5% on 2021. Over the period under review, exports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2017 when exports increased by 126% 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, hair spray exports declined notably to $X in 2022. In general, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2017 when exports increased by 211% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

India was the key exporting country with an export of about X tons, which reached 53% of total exports. It was distantly followed by Pakistan (X tons), Sri Lanka (X tons) and Nepal (X tons), together making up a 46% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Nepal (with a CAGR of +7.9%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, India ($X) remains the largest hair spray supplier in Southern Asia, comprising 51% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a 24% share of total exports. It was followed by Pakistan, with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India stood at -10.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Sri Lanka (-20.1% per year) and Pakistan (-22.6% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, waning by -14.8% against the previous year. In general, the export price saw a noticeable decline. The pace of growth was the most pronounced in 2020 an increase of 45%. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 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 Sri Lanka ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (+5.8%), while the other leaders experienced mixed trends in the export price figures.

Hair Spray Imports

Imports in Southern Asia

In 2022, supplies from abroad of hair sprays was finally on the rise to reach X tons after two years of decline. In general, imports, however, saw a deep slump. The pace of growth was the most pronounced in 2016 with an increase of 50% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, hair spray imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a pronounced downturn. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

India represented the major importer of hair sprays in Southern Asia, with the volume of imports recording X tons, which was approx. 45% of total imports in 2022. Nepal (X tons) took a 22% share (based on physical terms) of total imports, which put it in second place, followed by Bangladesh (22%) and Pakistan (7.7%). Sri Lanka (X tons) held a little share of total imports.

India was also the fastest-growing in terms of the hair sprays imports, with a CAGR of +23.0% from 2012 to 2022. At the same time, Sri Lanka (+2.9%) displayed positive paces of growth. Pakistan experienced a relatively flat trend pattern. By contrast, Bangladesh (-1.7%) and Nepal (-15.8%) illustrated a downward trend over the same period. India (+42 p.p.), Bangladesh (+8.4 p.p.) and Pakistan (+3.9 p.p.) significantly strengthened its position in terms of the total imports, while Nepal saw its share reduced by -41.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported hair sprays in Southern Asia, comprising 68% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 13% share of total imports. It was followed by Nepal, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India totaled +26.8%. In the other countries, the average annual rates were as follows: Bangladesh (+3.6% per year) and Nepal (-20.0% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, surging by 53% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. As a result, import price attained the peak level 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 India ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+6.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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