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

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

The Panamanian market for preparations for permanent waving or straightening of hair was finally on the rise to reach $X in 2022, after three years of decline. Over the period under review, consumption, however, showed a perceptible contraction. Hair waving or straightening preparations consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

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

In value terms, hair waving or straightening preparations production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Preparations For Permanent Waving Or Straightening Of Hair

Exports from Panama

For the fourth year in a row, Panama recorded decline in overseas shipments of preparations for permanent waving or straightening of hair, which decreased by X% to X tons in 2022. In general, exports showed a significant curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, hair waving or straightening preparations exports shrank dramatically to $X in 2022. Overall, exports continue to indicate a precipitous curtailment. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Cuba (X tons) was the main destination for hair waving or straightening preparations exports from Panama, accounting for a X% share of total exports. Moreover, hair waving or straightening preparations exports to Cuba exceeded the volume sent to the second major destination, Colombia (X tons), threefold.

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

In value terms, Cuba ($X) emerged as the key foreign market for preparations for permanent waving or straightening of hair exports from Panama, comprising X% of total exports. The second position in the ranking was taken by Colombia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Cuba stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Free Zones (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, growing by X% against the previous year. In general, export price indicated measured 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. Based on 2022 figures, hair waving or straightening preparations export price decreased by X% against 2018 indices. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Free Zones ($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 Honduras (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 Panama

In 2022, overseas purchases of preparations for permanent waving or straightening of hair decreased by X% to X tons, falling for the fourth consecutive year after two years of growth. Overall, imports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, hair waving or straightening preparations imports shrank remarkably to $X in 2022. In general, imports recorded a drastic downturn. The growth pace was the most rapid in 2018 when imports increased by X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Free Zones (X tons) constituted the largest supplier of hair waving or straightening preparations to Panama, with a X% share of total imports. Moreover, hair waving or straightening preparations imports from Free Zones exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was held by Spain (X tons), with a X% share.

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

In value terms, Free Zones ($X), the United States ($X) and Spain ($X) constituted the largest hair waving or straightening preparations suppliers to Panama, together accounting for X% of total imports. Argentina and Brazil lagged somewhat behind, together comprising a further X%.

Argentina, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average import price for preparations for permanent waving or straightening of hair amounted to $X per ton, shrinking by X% against the previous year. In general, import price indicated slight 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. Based on 2022 figures, hair waving or straightening preparations import price decreased by X% against 2018 indices. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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