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

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

The Venezuelan market for preparations for permanent waving or straightening of hair shrank to $X in 2022, approximately mirroring the previous year. Overall, consumption continues to indicate a slight shrinkage. Hair waving or straightening preparations consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

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

In value terms, hair waving or straightening preparations production shrank to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Hair waving or straightening preparations production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Preparations For Permanent Waving Or Straightening Of Hair

Exports from Venezuela

In 2022, overseas shipments of preparations for permanent waving or straightening of hair decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports recorded a precipitous decline. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, hair waving or straightening preparations exports shrank rapidly to $X in 2022. In general, exports faced a significant decline. The pace of growth was the most pronounced in 2021 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

Colombia (X kg) was the main destination for hair waving or straightening preparations exports from Venezuela, with a X% share of total exports. Moreover, hair waving or straightening preparations exports to Colombia exceeded the volume sent to the second major destination, the United States (X kg), twofold. Panama (X kg) ranked third in terms of total exports with a X% share.

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

In value terms, Colombia ($X) remains the key foreign market for preparations for permanent waving or straightening of hair exports from Venezuela, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Panama, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Colombia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Panama (X% per year).

Export Prices by Country

The average export price for preparations for permanent waving or straightening of hair stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price, however, continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2019 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then declined in the following year.

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 Colombia ($X per ton), while the average price for exports to the Dominican Republic ($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 Colombia (X%), while the prices for the other major destinations experienced a decline.

Imports of Preparations For Permanent Waving Or Straightening Of Hair

Imports into Venezuela

In 2022, approx. X tons of preparations for permanent waving or straightening of hair were imported into Venezuela; reducing by X% compared with the previous year. Overall, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, hair waving or straightening preparations imports fell sharply to $X in 2022. In general, imports continue to indicate a dramatic shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Brazil (X tons), the United States (X tons) and China (X tons) were the main suppliers of hair waving or straightening preparations imports to Venezuela, together comprising X% of total imports. Panama, the Dominican Republic, Spain, Colombia and Italy lagged somewhat behind, together comprising a further X%.

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

In value terms, Brazil ($X), Panama ($X) and the Dominican Republic ($X) appeared to be the largest hair waving or straightening preparations suppliers to Venezuela, together comprising X% of total imports. The United States, Colombia, China, Spain and Italy lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Spain, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average import price for preparations for permanent waving or straightening of hair stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the import price continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2015 an increase of X%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Dominican Republic ($X per ton), while the price for China ($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 Dominican Republic (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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