Report Update Nov 1, 2024

Sri Lanka - Hairpins, Curling Pins, Curling Grips and Hair-Curlers - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Hairpin Market 2024

Hairpin Market Size in Sri Lanka

In 2021, the Sri Lankan hairpin market increased by 966% to $X, rising for the third year in a row after two years of decline. Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Hairpin Exports

Exports from Sri Lanka

Hairpin exports from Sri Lanka declined significantly to X kg in 2021, reducing by -20.1% against the year before. In general, exports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 893%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, hairpin exports fell to $X in 2021. Overall, exports continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2018 with an increase of 1,608% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Oman (X kg) was the main destination for hairpin exports from Sri Lanka, accounting for a 77% share of total exports. Moreover, hairpin exports to Oman exceeded the volume sent to the second major destination, Russia (X kg), fivefold. Costa Rica (X kg) ranked third in terms of total exports with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Oman stood at -36.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+369.0% per year) and Costa Rica (+22.5% per year).

In value terms, Oman ($X) remains the key foreign market for hairpin exports from Sri Lanka, comprising 79% of total exports. The second position in the ranking was taken by Russia ($X), with a 16% share of total exports. It was followed by Maldives, with a 1.8% share.

From 2012 to 2021, the average annual growth rate of value to Oman stood at +17.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+1,623.4% per year) and Maldives (-37.4% per year).

Export Prices by Country

In 2021, the average hairpin export price amounted to $X per ton, growing by 13% against the previous year. In general, the export price continues to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by 155%. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Maldives ($X per ton), while the average price for exports to Costa Rica ($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 Russia (+193.5%), while the prices for the other major destinations experienced more modest paces of growth.

Hairpin Imports

Imports into Sri Lanka

For the fourth year in a row, Sri Lanka recorded growth in purchases abroad of hairpins, curling pins, curling grips and hair-curlers, which increased by 1,072% to X tons in 2021. Overall, imports showed a moderate increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, hairpin imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a perceptible descent. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of hairpin to Sri Lanka, accounting for a 71% share of total imports. Moreover, hairpin imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume from India totaled +35.9%.

In value terms, China ($X) and India ($X) appeared to be the largest hairpin suppliers to Sri Lanka.

India, with a CAGR of +31.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average hairpin import price stood at $X per ton in 2021, dropping by -30.2% against the previous year. Over the period under review, the import price showed a deep downturn. The pace of growth was the most pronounced in 2016 when the average import price increased by 114% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+8.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hairpins, curling pins, curling grips and hair-curlers in the world?

The United States constituted the country with the largest volume of hairpin consumption, comprising approx. 30% of total volume. Moreover, hairpin consumption in the United States exceeded the figures recorded by the second-largest consumer, Russia, fourfold. The third position in this ranking was occupied by Thailand, with a 4.2% share.

What are the largest producers of hairpins, curling pins, curling grips and hair-curlers in the world?

China remains the largest hairpin producing country worldwide, accounting for 94% of total volume. It was followed by Hong Kong SAR, with a 2.8% share of total production.

What are the leading suppliers of hairpins, curling pins, curling grips and hair-curlers to Sri Lanka?

In value terms, India constituted the largest supplier of hairpin to Sri Lanka.

What are the leading importers of hairpins, curling pins, curling grips and hair-curlers from Sri Lanka?

In value terms, Ukraine emerged as the key foreign market for hairpin exports from Sri Lanka, comprising 77% of total exports. The second position in the ranking was occupied by Canada, with a 12% share of total exports. It was followed by Switzerland, with a 10% share.

What is the average export price for hairpins, curling pins, curling grips and hair-curlers in Sri Lanka?

In 2021, the average hairpin export price amounted to $6,990 per ton, growing by 60% against the previous year.

What is the average import price for hairpins, curling pins, curling grips and hair-curlers in Sri Lanka?

In 2021, the average hairpin import price amounted to $5,993 per ton, growing by 18% against the previous year.

This report provides an in-depth analysis of the hairpin market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 22292915 - Hairpins, curling pins, curling grips, hair-curlers and the like, a nd parts thereof, of plastic (excluding electro-thermic hairdressing apparatus)
Prodcom 25992928 - Hairpins, curling pins, curling grips, hair-curlers and the like, a nd parts thereof, of metal (excluding electro-thermic hairdressing apparatus)
Prodcom 399900Z4 - Hairpins, curling pins, curling grips, hair-curlers and the like, a nd parts thereof (excluding electro-thermic hairdressing apparatus)

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023