United Arab Emirates: Hairpin Market 2024

Hairpin Market Size in the United Arab Emirates

After three years of growth, the hairpin market in the United Arab Emirates decreased by -34.3% to $X in 2021. Overall, the total consumption indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Hairpin consumption peaked at $X in 2020, and then fell significantly in the following year.

Hairpin Exports

Exports from the United Arab Emirates

In 2021, shipments abroad of hairpins, curling pins, curling grips and hair-curlers was finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. Overall, exports, however, faced a deep setback. The pace of growth appeared the most rapid in 2016 when exports increased by 119% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, hairpin exports surged to $X in 2021. In general, exports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2013 with an increase of 107%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Democratic Republic of the Congo (X tons), Oman (X tons) and Senegal (X tons) were the main destinations of hairpin exports from the United Arab Emirates, with a combined 85% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Senegal (with a CAGR of +21.4%), while the other leaders experienced mixed trend patterns.

In value terms, Oman ($X) remains the key foreign market for hairpin exports from the United Arab Emirates, comprising 75% of total exports. The second position in the ranking was held by Democratic Republic of the Congo ($X), with a 2.3% share of total exports. It was followed by Seychelles, with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Oman amounted to +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (-18.0% per year) and Seychelles (-3.5% per year).

Export Prices by Country

The average hairpin export price stood at $X per ton in 2021, reducing by -33.7% against the previous year. Over the period under review, the export price, however, enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2013 an increase of 155%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Egypt ($X per ton), while the average price for exports to Democratic Republic of the Congo ($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 Rwanda (+18.7%), while the prices for the other major destinations experienced more modest paces of growth.

Hairpin Imports

Imports into the United Arab Emirates

In 2021, after two years of growth, there was significant decline in purchases abroad of hairpins, curling pins, curling grips and hair-curlers, when their volume decreased by -44.8% to X tons. Overall, imports showed a pronounced decrease. The pace of growth was the most pronounced in 2020 when imports increased by 67% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, hairpin imports amounted to $X in 2021. Over the period under review, imports saw a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 26%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest hairpin supplier to the United Arab Emirates, accounting for a 61% share of total imports. Moreover, hairpin imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold. Italy (X tons) ranked third in terms of total imports with a 5.7% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+0.5% per year) and Italy (-4.4% per year).

In value terms, China ($X) constituted the largest supplier of hairpin to the United Arab Emirates, comprising 61% of total imports. The second position in the ranking was held by India ($X), with an 11% share of total imports. It was followed by South Korea, with a 5.9% share.

From 2012 to 2021, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+13.3% per year) and South Korea (-22.9% per year).

Import Prices by Country

In 2021, the average hairpin import price amounted to $X per ton, rising by 94% against the previous year. Overall, the import price, however, continues to indicate a mild slump. Over the period under review, average import prices attained the peak figure 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 Hong Kong SAR ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform