Plastic Hairpin, Curling Pin, Curling Grip And Hair-Curler Market

The article discusses the increasing demand for hairpins, curling pins, curling grips, and hair-curlers worldwide, projecting a positive trend in consumption over the next eight years. The market is expected to see growth in volume and value terms, with forecasts indicating an upward trajectory. Key regions for consumption and production are highlighted, along with insights into import and export trends. China emerges as a dominant player in the market, with significant shares in both production and exports. The article provides detailed data on market performance, trends, and fluctuations observed from 2012 to 2022, offering valuable insights for industry stakeholders.

Market Forecast

Driven by increasing demand for hairpins, curling pins, curling grips and hair-curlers worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.2% for the period from 2022 to 2030, which is projected to bring the market volume to 87K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.3% for the period from 2022 to 2030, which is projected to bring the market value to $704M (in nominal prices) by the end of 2030.

Consumption

World Consumption of Hairpins, Curling Pins, Curling Grips And Hair-Curlers

In 2022, approx. 79K tons of hairpins, curling pins, curling grips and hair-curlers were consumed worldwide; growing by 22% compared with the year before. The total consumption volume increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak volume and is likely to continue growth in the immediate term.

The size of the market for hairpins, curling pins, curling grips and hair-curlers worldwide stood at $503M in 2022, standing approx. at 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). The market value increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Global consumption peaked at $524M in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were the United States (14K tons), China (12K tons) and the Philippines (12K tons), together comprising 48% of global consumption. Thailand, Colombia, South Korea, Indonesia, the UK, Brazil and Uzbekistan lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +70.6%), while hair-curlers for the other global leaders experienced more modest paces of growth.

In value terms, China ($112M), the United States ($105M) and South Korea ($30M) were the countries with the highest levels of market value in 2022, with a combined 49% share of the global market.

South Korea, with a CAGR of +76.6%, saw the highest rates of growth with regard to market size in terms of the main consuming countries over the period under review, while hair-curlers for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of plastic hairpin, curling pin, curling grip and hair-curler per capita consumption in 2022 were the Philippines (105 kg per 1000 persons), Thailand (81 kg per 1000 persons) and the United States (42 kg per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +70.0%), while hair-curlers for the other global leaders experienced more modest paces of growth.

Production

World Production of Hairpins, Curling Pins, Curling Grips And Hair-Curlers

In 2022, global production of hairpins, curling pins, curling grips and hair-curlers reduced to 34K tons, which is down by -4.2% on 2021. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by 4.7% against the previous year. As a result, production attained the peak volume of 36K tons, and then shrank in the following year.

In value terms, production of hairpins, curling pins, curling grips and hair-curlers dropped modestly to $350M in 2022 estimated in export price. Over the period under review, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.8% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 54%. As a result, production reached the peak level of $506M. From 2017 to 2022, global production of growth remained at a somewhat lower figure.

Production By Country

China (31K tons) constituted the country with the largest volume of production of hairpins, curling pins, curling grips and hair-curlers, accounting for 89% of total volume. It was followed by South Korea (824 tons), with a 2.4% share of total production. The third position in this ranking was held by Hong Kong SAR (536 tons), with a 1.6% share.

In China, production of hairpins, curling pins, curling grips and hair-curlers remained relatively stable over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: South Korea (+0.3% per year) and Hong Kong SAR (+0.5% per year).

Imports

World Imports of Hairpins, Curling Pins, Curling Grips And Hair-Curlers

In 2022, the amount of hairpins, curling pins, curling grips and hair-curlers imported worldwide surged to 70K tons, jumping by 38% compared with 2021. In general, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of hairpins, curling pins, curling grips and hair-curlers totaled $442M in 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 33%. Global imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports By Country

The United States (14K tons) and the Philippines (12K tons) represented roughly 37% of total imports in 2022. It was distantly followed by Thailand (5.8K tons), generating an 8.2% share of total imports. Colombia (2.1K tons), Indonesia (1.8K tons), South Korea (1.7K tons), the UK (1.7K tons), Brazil (1.4K tons), Greece (1.3K tons), Uzbekistan (1.2K tons), Peru (1.2K tons) and Myanmar (1.1K tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Myanmar (with a CAGR of +96.7%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($91M) constitutes the largest market for imported hairpins, curling pins, curling grips and hair-curlers worldwide, comprising 21% of global imports. The second position in the ranking was held by South Korea ($30M), with a 6.7% share of global imports. It was followed by the UK, with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States was relatively modest. In the other countries, the average annual rates were as follows: South Korea (+13.6% per year) and the UK (-3.4% per year).

Import Prices By Country

The average import price for hairpins, curling pins, curling grips and hair-curlers stood at $6,299 per ton in 2022, dropping by -17.9% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 18% against the previous year. As a result, import price reached the peak level of $8,942 per ton. From 2018 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($17,712 per ton), while Myanmar ($642 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+14.2%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Hairpins, Curling Pins, Curling Grips And Hair-Curlers

In 2022, approx. 26K tons of hairpins, curling pins, curling grips and hair-curlers were exported worldwide; growing by 17% on the previous year. Overall, exports, however, saw a noticeable decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 20%. The global exports peaked at 32K tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of hairpins, curling pins, curling grips and hair-curlers surged to $423M in 2022. In general, total exports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +2.9% 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 +72.8% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 45%. The global exports peaked in 2022 and are expected to retain growth in the near future.

Exports By Country

China prevails in hair-curlers structure, accounting for 19K tons, which was near 72% of total exports in 2022. Greece (796 tons), South Korea (654 tons), Germany (458 tons), the United Arab Emirates (427 tons), Thailand (427 tons) and India (426 tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to plastic hairpin, curling pin, curling grip and hair-curler exports from China stood at -1.6%. At the same time, Greece (+38.1%) and the United Arab Emirates (+7.3%) displayed positive paces of growth. Moreover, Greece emerged as the fastest-growing exporter exported in the world, with a CAGR of +38.1% from 2012-2022. Germany experienced a relatively flat trend pattern. By contrast, India (-4.1%), South Korea (-8.0%) and Thailand (-8.9%) illustrated a downward trend over the same period. While the share of China (+4.1 p.p.) and Greece (+3 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Thailand (-1.7 p.p.) and South Korea (-2.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($290M) remains the largest plastic hairpin, curling pin, curling grip and hair-curler supplier worldwide, comprising 69% of global exports. The second position in the ranking was held by South Korea ($25M), with a 5.8% share of global exports. It was followed by Germany, with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at +8.1%. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (-9.0% per year) and Germany (+4.4% per year).

Export Prices By Country

The average export price for hairpins, curling pins, curling grips and hair-curlers stood at $16,320 per ton in 2022, surging by 2.1% against the previous year. Over the last decade, it increased at an average annual rate of +5.2%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 20%. The global export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($37,983 per ton), while Greece ($2,068 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform