Malaysia: Market for Hair Lotion and Preparation 2024

Market Size for Hair Lotion and Preparation in Malaysia

In 2022, the Malaysian hair lotion and preparation market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. In general, the total consumption indicated a prominent expansion from 2012 to 2022: its value 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. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Hair Lotion and Preparation

Exports from Malaysia

In 2022, after four years of growth, there was significant decline in shipments abroad of hair lotion and preparation, when their volume decreased by X% to X tons. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then reduced dramatically in the following year.

In value terms, hair lotion and preparation exports shrank to $X in 2022. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Singapore (X tons), the United States (X tons) and the United Arab Emirates (X tons) were the main destinations of hair lotion and preparation exports from Malaysia, with a combined X% share of total exports. Thailand, Indonesia, South Korea, Hong Kong SAR, Taiwan (Chinese), Vietnam, Russia, India, Australia and Brunei Darussalam lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), the United States ($X) and Brunei Darussalam ($X) appeared to be the largest markets for hair lotion and preparation exported from Malaysia worldwide, with a combined X% share of total exports. Thailand, Indonesia, Hong Kong SAR, the United Arab Emirates, South Korea, Vietnam, Taiwan (Chinese), Russia, Australia and India lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Russia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average hair lotion and preparation export price amounted to $X per ton, rising by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 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 Brunei Darussalam ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

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

Imports of Hair Lotion and Preparation

Imports into Malaysia

In 2022, after two years of decline, there was significant growth in purchases abroad of hair lotion and preparation, when their volume increased by X% to X tons. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, hair lotion and preparation imports soared to $X in 2022. Overall, total imports indicated pronounced growth from 2012 to 2022: its value 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 most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X tons) constituted the largest hair lotion and preparation supplier to Malaysia, with a X% share of total imports. Moreover, hair lotion and preparation imports from Thailand exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), twofold. China (X tons) ranked third in terms of total imports with an X% share.

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

In value terms, the largest hair lotion and preparation suppliers to Malaysia were Thailand ($X), Japan ($X) and South Korea ($X), with a combined X% share of total imports.

South Korea, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hair lotion and preparation import price stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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