Vietnam: Market for Shampoos, Hair Lacquers And Other Preparations 2024

Market Size for Shampoos, Hair Lacquers And Other Preparations in Vietnam

After two years of growth, the Vietnamese market for shampoos, hair lacquers and other preparations decreased by -3.1% to $X in 2022. The market value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Shampoos, Hair Lacquers And Other Preparations in Vietnam

In value terms, production of shampoos, hair lacquers and other preparations stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the production volume increased by 38% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production of growth remained at a lower figure.

Exports of Shampoos, Hair Lacquers And Other Preparations

Exports from Vietnam

In 2022, overseas shipments of shampoos, hair lacquers and other preparations increased by 1.3% to X tons, rising for the second year in a row after four years of decline. Overall, total exports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +8.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +3.7% against 2020 indices. The growth pace was the most rapid in 2013 when exports increased by 256% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of shampoos, hair lacquers and other preparations expanded remarkably to $X in 2022. In general, total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +9.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -5.5% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 197%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Japan (X tons) was the main destination for exports of shampoos, hair lacquers and other preparations from Vietnam, accounting for a 63% share of total exports. Moreover, exports of shampoos, hair lacquers and other preparations to Japan exceeded the volume sent to the second major destination, Myanmar (X tons), fivefold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a 5.3% share.

From 2012 to 2022, the average annual growth rate of volume to Japan totaled +23.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (+42.1% per year) and Taiwan (Chinese) (+20.0% per year).

In value terms, Japan ($X) remains the key foreign market for shampoos, hair lacquers and other preparations exports from Vietnam, comprising 65% of total exports. The second position in the ranking was held by Myanmar ($X), with a 12% share of total exports. It was followed by Taiwan (Chinese), with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan amounted to +19.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (+51.6% per year) and Taiwan (Chinese) (+17.6% per year).

Export Prices by Country

The average export price for shampoos, hair lacquers and other preparations stood at $X per ton in 2022, increasing by 4.8% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 12%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+14.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Shampoos, Hair Lacquers And Other Preparations

Imports into Vietnam

In 2022, imports of shampoos, hair lacquers and other preparations into Vietnam declined dramatically to X tons, reducing by -24.6% against the previous year's figure. Overall, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 126% against the previous year. As a result, imports attained the peak of X tons, and then plummeted in the following year.

In value terms, imports of shampoos, hair lacquers and other preparations dropped notably to $X in 2022. In general, imports, however, posted resilient growth. The growth pace was the most rapid in 2017 when imports increased by 58%. Imports peaked at $X in 2021, and then dropped rapidly in the following year.

Imports by Country

In 2022, Thailand (X tons) constituted the largest shampoo, hair lacquer and other preparations supplier to Vietnam, accounting for a 56% share of total imports. Moreover, imports of shampoos, hair lacquers and other preparations from Thailand exceeded the figures recorded by the second-largest supplier, Singapore (X tons), sevenfold. Italy (X tons) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand stood at +22.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+42.8% per year) and Italy (+13.5% per year).

In value terms, Thailand ($X) constituted the largest supplier of shampoos, hair lacquers and other preparations to Vietnam, comprising 53% of total imports. The second position in the ranking was held by the United States ($X), with a 7.3% share of total imports. It was followed by China, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value from Thailand stood at +20.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+13.0% per year) and China (+22.6% per year).

Import Prices by Country

The average import price for shampoos, hair lacquers and other preparations stood at $X per ton in 2022, picking up by 12% against the previous year. Overall, the import price, however, continues to indicate a mild decrease. The growth pace was the most rapid in 2013 when the average import price increased by 20% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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