The export of hair preparations from China has shown a fluctuating trend over the past decade. Starting from 2013, the value fluctuated with a notable decline in 2016, followed by a recovery phase that began in 2017. As of 2023, the export value stood at 332.68 million USD, reflecting a year-on-year increase of 2.57%. The compound annual growth rate (CAGR) over the last five years has been 2.55%, indicating a moderate but steady growth. The forecasted data from 2024 to 2028 shows a continued upward trend with an average annual growth rate of 1.76%, leading to a cumulative growth rate of 9.13% by 2028.
Future trends to watch for:
- Emerging markets in Asia-Pacific and Africa as potential growth drivers.
- Increasing demand for organic and natural hair products.
- Impact of global trade policies and tariffs on China’s export capacity.
- Technological advancements in product formulations.
