Hungary: Market for Preparations For Permanent Waving Or Straightening Of Hair 2024

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

In 2022, the Hungarian market for preparations for permanent waving or straightening of hair was finally on the rise to reach $X after five years of decline. Overall, consumption, however, continues to indicate a noticeable setback. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, hair waving or straightening preparations production dropped modestly to $X in 2022 estimated in export price. Overall, production saw a deep slump. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Exports of Preparations For Permanent Waving Or Straightening Of Hair

Exports from Hungary

Hair waving or straightening preparations exports from Hungary shrank to X tons in 2022, reducing by X% compared with 2021. In general, exports continue to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, hair waving or straightening preparations exports dropped notably to $X in 2022. Overall, exports continue to indicate a significant curtailment. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Romania (X tons) was the main destination for hair waving or straightening preparations exports from Hungary, with a X% share of total exports. Moreover, hair waving or straightening preparations exports to Romania exceeded the volume sent to the second major destination, Slovakia (X tons), more than tenfold. The third position in this ranking was held by Serbia (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Romania totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (X% per year) and Serbia (X% per year).

In value terms, Romania ($X) remains the key foreign market for preparations for permanent waving or straightening of hair exports from Hungary, comprising X% of total exports. The second position in the ranking was held by Slovakia ($X), with a X% share of total exports. It was followed by Iraq, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Romania stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (X% per year) and Iraq (X% per year).

Export Prices by Country

In 2022, the average export price for preparations for permanent waving or straightening of hair amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when the average export price increased by X%. The export price peaked at $X per ton in 2021, and then shrank remarkably in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Iraq ($X per ton), while the average price for exports to Romania ($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 Iraq (X%), 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 Hungary

In 2022, supplies from abroad of preparations for permanent waving or straightening of hair decreased by X% to X tons, falling for the third year in a row after two years of growth. In general, imports showed a dramatic contraction. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, hair waving or straightening preparations imports fell to $X in 2022. Over the period under review, imports continue to indicate a deep setback. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the Czech Republic (X tons) constituted the largest supplier of hair waving or straightening preparations to Hungary, accounting for a X% share of total imports. Moreover, hair waving or straightening preparations imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the Czech Republic totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Germany (X% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of preparations for permanent waving or straightening of hair to Hungary, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the Czech Republic stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Italy (X% per year).

Import Prices by Country

The average import price for preparations for permanent waving or straightening of hair stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton, leveling off in the following year.

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

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

Source: IndexBox Platform

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