Thailand: Market for Preparations For Permanent Waving Or Straightening Of Hair 2025

Market Size for Preparations For Permanent Waving Or Straightening Of Hair in Thailand

The Thai market for preparations for permanent waving or straightening of hair rose remarkably to $X in 2021, increasing by 10% against the previous year. Over the period under review, consumption, however, continues to indicate a abrupt shrinkage. Hair waving or straightening preparations consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Preparations For Permanent Waving Or Straightening Of Hair in Thailand

In value terms, hair waving or straightening preparations production surged to $X in 2021 estimated in export price. Over the period under review, production, however, saw a deep setback. Hair waving or straightening preparations production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Preparations For Permanent Waving Or Straightening Of Hair

Exports from Thailand

After two years of decline, shipments abroad of preparations for permanent waving or straightening of hair increased by 35% to X tons in 2021. In general, exports, however, saw a abrupt contraction. The growth pace was the most rapid in 2018 when exports increased by 37% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, hair waving or straightening preparations exports skyrocketed to $X in 2021. Over the period under review, exports, however, faced a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 65%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Japan (X tons), India (X tons) and Singapore (X tons) were the main destinations of hair waving or straightening preparations exports from Thailand, with a combined 63% share of total exports. South Korea, Vietnam, Taiwan (Chinese), the United States, China, Lao People's Democratic Republic, Algeria, Hong Kong SAR, Indonesia and the Philippines lagged somewhat behind, together comprising a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +260.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hair waving or straightening preparations exported from Thailand were Japan ($X), India ($X) and South Korea ($X), together accounting for 58% of total exports. Singapore, the United States, Taiwan (Chinese), Vietnam, China, Hong Kong SAR, Lao People's Democratic Republic, Algeria, Indonesia and the Philippines lagged somewhat behind, together accounting for a further 39%.

Among the main countries of destination, the United States, with a CAGR of +262.4%, 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

The average export price for preparations for permanent waving or straightening of hair stood at $X per ton in 2021, declining by -8.3% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 24% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Singapore ($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 Algeria (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Preparations For Permanent Waving Or Straightening Of Hair

Imports into Thailand

In 2021, hair waving or straightening preparations imports into Thailand surged to X tons, growing by 27% compared with 2020 figures. Over the period under review, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +32.1% against 2019 indices. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, hair waving or straightening preparations imports soared to $X in 2021. The total import value increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of hair waving or straightening preparations to Thailand, with a 76% share of total imports. Moreover, hair waving or straightening preparations imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), eightfold. The third position in this ranking was taken by the United States (X tons), with a 7.8% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-1.5% per year) and the United States (-5.7% per year).

In value terms, China ($X), Japan ($X) and the United States ($X) were the largest hair waving or straightening preparations suppliers to Thailand, with a combined 92% share of total imports. South Korea, Vietnam and Malaysia lagged somewhat behind, together accounting for a further 6.6%.

South Korea, with a CAGR of +8.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for preparations for permanent waving or straightening of hair amounted to $X per ton, surging by 15% against the previous year. Overall, the import price, however, continues to indicate a perceptible decline. The pace of growth was the most pronounced in 2019 an increase of 32% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for China ($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 United States (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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