Kenya: Hairpin Market 2024

Hairpin Market Size in Kenya

The Kenyan hairpin market soared to $X in 2022, increasing by X% against 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). Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Hairpin Exports

Exports from Kenya

In 2022, the amount of hairpins, curling pins, curling grips and hair-curlers exported from Kenya dropped dramatically to X kg, reducing by X% on 2021 figures. Over the period under review, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then contracted remarkably in the following year.

In value terms, hairpin exports skyrocketed to $X in 2022. In general, exports saw a noticeable reduction. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X kg) was the main destination for hairpin exports from Kenya, accounting for a X% share of total exports. Moreover, hairpin exports to Canada exceeded the volume sent to the second major destination, Sweden (X kg), sevenfold. The third position in this ranking was taken by Uganda (X kg), with a X% share.

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

In value terms, Canada ($X) emerged as the key foreign market for hairpins, curling pins, curling grips and hair-curlers exports from Kenya, comprising X% of total exports. The second position in the ranking was held by Sweden ($X), with a X% share of total exports. It was followed by Uganda, with a X% share.

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

Export Prices by Country

The average hairpin export price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price posted a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Rwanda ($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 Democratic Republic of the Congo (X%), while the prices for the other major destinations experienced more modest paces of growth.

Hairpin Imports

Imports into Kenya

In 2022, supplies from abroad of hairpins, curling pins, curling grips and hair-curlers increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, hairpin imports skyrocketed to $X in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) was the main supplier of hairpin to Kenya, accounting for a X% share of total imports. It was followed by the UK (X kg), with less than X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and the United Arab Emirates (X% per year).

In value terms, China ($X) constituted the largest supplier of hairpins, curling pins, curling grips and hair-curlers to Kenya, comprising X% of total imports. The second position in the ranking was taken by the UK ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

The average hairpin import price stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, import price indicated modest growth 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 2019 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then declined significantly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform