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

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

In 2022, the Malaysian market for preparations for permanent waving or straightening of hair increased by X% to $X, rising for the second consecutive year after three years of decline. Overall, consumption, however, continues to indicate a mild reduction. Hair waving or straightening preparations consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, hair waving or straightening preparations production declined to $X in 2022 estimated in export price. Over the period under review, production, however, showed a pronounced descent. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. Hair waving or straightening preparations production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

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Exports of Preparations For Permanent Waving Or Straightening Of Hair

Exports from Malaysia

In 2022, overseas shipments of preparations for permanent waving or straightening of hair decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, exports recorded a slight reduction. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then contracted in the following year.

In value terms, hair waving or straightening preparations exports fell remarkably to $X in 2022. In general, exports continue to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for hair waving or straightening preparations exports from Malaysia, accounting for a X% share of total exports. Moreover, hair waving or straightening preparations exports to the United States exceeded the volume sent to the second major destination, Maldives (X tons), ninefold. The third position in this ranking was held by Hong Kong SAR (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (X% per year) and Hong Kong SAR (X% per year).

In value terms, the largest markets for hair waving or straightening preparations exported from Malaysia were the United States ($X), Hong Kong SAR ($X) and Singapore ($X), with a combined X% share of total exports.

The United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination 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 export price for preparations for permanent waving or straightening of hair amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price showed a pronounced contraction. The pace of growth appeared the most rapid in 2017 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

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 Hong Kong SAR ($X per ton), while the average price for exports to Yemen ($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 Singapore (X%), while the prices for the other major destinations experienced a decline.

Imports of Preparations For Permanent Waving Or Straightening Of Hair

Imports into Malaysia

In 2022, after two years of decline, there was significant growth in purchases abroad of preparations for permanent waving or straightening of hair, when their volume increased by X% to X tons. In general, total imports indicated resilient growth from 2012 to 2022: its volume 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, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, hair waving or straightening preparations imports soared to $X in 2022. Overall, total imports indicated mild 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. Over the period under review, imports reached the maximum at $X in 2019; afterwards, it flattened through to 2022.

Imports by Country

Japan (X tons), Thailand (X tons) and South Korea (X tons) were the main suppliers of hair waving or straightening preparations imports to Malaysia, together comprising X% of total imports.

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

In value terms, Japan ($X) constituted the largest supplier of preparations for permanent waving or straightening of hair to Malaysia, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Japan amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the average import price for preparations for permanent waving or straightening of hair amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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