Spain: Hairpin Market 2024

Hairpin Market Size in Spain

In 2021, the Spanish hairpin market was finally on the rise to reach $X after five years of decline. Over the period under review, consumption, however, continues to indicate a abrupt decline. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Hairpin Exports

Exports from Spain

In 2021, the amount of hairpins, curling pins, curling grips and hair-curlers exported from Spain skyrocketed to X tons, jumping by 33% compared with the year before. In general, exports, however, showed a noticeable reduction. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, hairpin exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2019 when exports increased by 109%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Portugal (X tons), Israel (X tons) and Tunisia (X tons) were the main destinations of hairpin exports from Spain, with a combined 41% share of total exports. These countries were followed by France, Italy, Russia, Poland, Morocco, the Dominican Republic, Ukraine, Chile, Bosnia and Herzegovina and the United Arab Emirates, which together accounted for a further 32%.

From 2012 to 2021, the biggest increases were in Bosnia and Herzegovina (with a CAGR of +70.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hairpin exported from Spain were Portugal ($X), France ($X) and Italy ($X), with a combined 30% share of total exports. These countries were followed by Tunisia, Israel, Poland, Russia, Chile, Ukraine, Bosnia and Herzegovina, Morocco, the Dominican Republic and the United Arab Emirates, which together accounted for a further 34%.

Bosnia and Herzegovina, with a CAGR of +47.0%, recorded 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 hairpin export price stood at $X per ton in 2021, rising by 7.8% against the previous year. In general, the export price, however, saw a perceptible descent. The pace of growth appeared the most rapid in 2019 an increase of 69% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Poland ($X per ton), while the average price for exports to the Dominican Republic ($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 Chile (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Hairpin Imports

Imports into Spain

In 2021, supplies from abroad of hairpins, curling pins, curling grips and hair-curlers was finally on the rise to reach X tons after five years of decline. Over the period under review, imports, however, continue to indicate a abrupt setback. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, hairpin imports surged to $X in 2021. In general, imports, however, saw a noticeable contraction. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest hairpin supplier to Spain, with a 84% share of total imports. Moreover, hairpin imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold. The third position in this ranking was held by France (X tons), with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+13.2% per year) and France (+5.9% per year).

In value terms, China ($X) constituted the largest supplier of hairpin to Spain, comprising 63% of total imports. The second position in the ranking was taken by Italy ($X), with a 10% share of total imports. It was followed by France, with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+17.3% per year) and France (+8.8% per year).

Import Prices by Country

In 2021, the average hairpin import price amounted to $X per ton, with an increase of 12% against the previous year. In general, import price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, hairpin import price decreased by -8.6% against 2019 indices. The growth pace was the most rapid in 2019 an increase of 61% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform