Sweden: Hairpin Market 2024

Hairpin Market Size in Sweden

The Swedish hairpin market soared to $X in 2021, surging by 40% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a measured increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Hairpin Exports

Exports from Sweden

In 2021, the amount of hairpins, curling pins, curling grips and hair-curlers exported from Sweden plummeted to X tons, reducing by -32.6% against the previous year. Overall, exports recorded a deep slump. The most prominent rate of growth was recorded in 2015 when exports increased by 56%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, hairpin exports reduced rapidly to $X in 2021. Over the period under review, exports showed a abrupt setback. The pace of growth was the most pronounced in 2015 when exports increased by 40% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Norway (X tons), Denmark (X tons) and Finland (X tons) were the main destinations of hairpin exports from Sweden, together accounting for 54% of total exports. These countries were followed by the Czech Republic, the Netherlands, Estonia, Germany, Iceland, Slovakia, Poland, Lithuania, Greece and Slovenia, which together accounted for a further 37%.

From 2012 to 2021, the biggest increases were in Lithuania (with a CAGR of +52.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hairpin exported from Sweden were Norway ($X), Denmark ($X) and Finland ($X), with a combined 65% share of total exports. Estonia, the Czech Republic, the Netherlands, Lithuania, Germany, Iceland, Slovakia, Poland, Greece and Slovenia lagged somewhat behind, together comprising a further 27%.

Among the main countries of destination, Lithuania, with a CAGR of +75.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average hairpin export price amounted to $X per ton, rising by 25% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2013 an increase of 29%. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Denmark ($X per ton), while the average price for exports to Slovenia ($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 Lithuania (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Hairpin Imports

Imports into Sweden

In 2021, imports of hairpins, curling pins, curling grips and hair-curlers into Sweden rose remarkably to X tons, with an increase of 15% on 2020. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 33% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, hairpin imports surged to $X in 2021. The total import value increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when imports increased by 51%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), Italy (X tons) and the Netherlands (X tons) were the main suppliers of hairpin imports to Sweden, together comprising 66% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +44.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Denmark ($X) and the Netherlands ($X) constituted the largest hairpin suppliers to Sweden, together comprising 64% of total imports. These countries were followed by Germany, Italy, Hong Kong SAR, the Czech Republic, Finland and Taiwan (Chinese), which together accounted for a further 23%.

In terms of the main suppliers, Italy, with a CAGR of +32.0%, saw 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

The average hairpin import price stood at $X per ton in 2021, with an increase of 8% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, hairpin import price increased by +35.5% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 44%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+18.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform