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

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

The Mexican market for preparations for permanent waving or straightening of hair declined to $X in 2022, waning by X% against the previous year. Overall, consumption recorded a pronounced decline. Hair waving or straightening preparations consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

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

In value terms, hair waving or straightening preparations production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a noticeable downturn. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. Over the period under review, production reached the peak level 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 Mexico

In 2022, the amount of preparations for permanent waving or straightening of hair exported from Mexico dropped notably to X tons, waning by X% on the previous year. In general, exports showed a precipitous contraction. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, hair waving or straightening preparations exports contracted significantly to $X in 2022. Over the period under review, exports showed a sharp slump. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), El Salvador (X tons) and Honduras (X kg) were the main destinations of hair waving or straightening preparations exports from Mexico, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for El Salvador (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, the United States ($X), El Salvador ($X) and Honduras ($X) constituted the largest markets for hair waving or straightening preparations exported from Mexico worldwide, with a combined X% share of total exports.

Among the main countries of destination, El Salvador, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average export price for preparations for permanent waving or straightening of hair amounted to $X per ton, rising by X% against the previous year. Overall, the export price, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Honduras ($X per ton), while the average price for exports to El Salvador ($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 the United Arab Emirates (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 Mexico

In 2022, approx. X tons of preparations for permanent waving or straightening of hair were imported into Mexico; with an increase of X% against 2021. Overall, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, hair waving or straightening preparations imports skyrocketed to $X in 2022. In general, imports saw buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) was the main supplier of hair waving or straightening preparations to Mexico, with a X% share of total imports. Moreover, hair waving or straightening preparations imports from the United States exceeded the figures recorded by the second-largest supplier, Spain (X tons), more than tenfold. The third position in this ranking was held by Brazil (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Brazil (X% per year).

In value terms, the United States ($X) constituted the largest supplier of preparations for permanent waving or straightening of hair to Mexico, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Spain (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, picking up by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a 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 Brazil ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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