Comb Market

The global comb market is expected to continue its upward consumption trend from 2022 to 2030, with an anticipated CAGR of +1.1%. Market performance is forecast to expand in both volume and value terms, reaching 81K tons and $742M by the end of 2030. The largest consuming countries in 2022 were India, the United States, and China. Production of combs and hair-slides increased by 6.2% to 73K tons in 2022. China remains the largest producer, while India and the United States were the largest importers. Global exports saw a notable expansion, with China dominating the market. The average comb export price in 2022 was $14,403 per ton, with significant variations among exporting countries.

Market Forecast

Driven by increasing demand for combs and hair-slides worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.1% for the period from 2022 to 2030, which is projected to bring the market volume to 81K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +1.7% for the period from 2022 to 2030, which is projected to bring the market value to $742M (in nominal prices) by the end of 2030.

Consumption

World Consumption of Combs And Hair-Slides

In 2022, consumption of combs and hair-slides increased by 6.9% to 74K tons, rising for the second year in a row after four years of decline. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak volume of 100K tons. From 2017 to 2022, the growth of the global consumption remained at a somewhat lower figure.

The global comb market revenue rose modestly to $647M in 2022, with an increase of 5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $1.1B. From 2017 to 2022, the growth of the global market failed to regain momentum.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were India (14K tons), the United States (9.6K tons) and China (9.4K tons), with a combined 45% share of global consumption. Hong Kong SAR, Chile, Mexico, Thailand, the UK, the United Arab Emirates, Brazil and Indonesia lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +46.0%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest comb markets worldwide were the United States ($129M), China ($80M) and Hong Kong SAR ($37M), with a combined 38% share of the global market.

In terms of the main consuming countries, Hong Kong SAR, with a CAGR of +47.1%, recorded the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of comb per capita consumption was registered in Hong Kong SAR (719 kg per 1000 persons), followed by Chile (153 kg per 1000 persons), the United Arab Emirates (140 kg per 1000 persons) and Thailand (36 kg per 1000 persons), while the world average per capita consumption of comb was estimated at 9.4 kg per 1000 persons.

From 2012 to 2022, the average annual growth rate of the comb per capita consumption in Hong Kong SAR stood at +45.4%. In the other countries, the average annual rates were as follows: Chile (+19.9% per year) and the United Arab Emirates (+3.5% per year).

Production

World Production of Combs And Hair-Slides

For the fourth consecutive year, the global market recorded growth in production of combs and hair-slides, which increased by 6.2% to 73K tons in 2022. The total output volume increased at an average annual rate of +1.0% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak volume and is likely to continue growth in the immediate term.

In value terms, comb production shrank slightly to $662M in 2022 estimated in export price. In general, the total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +9.0% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 62% against the previous year. As a result, production reached the peak level of $964M. From 2017 to 2022, global production growth remained at a somewhat lower figure.

Production By Country

China (64K tons) remains the largest comb producing country worldwide, comprising approx. 87% of total volume. Moreover, comb production in China exceeded the figures recorded by the second-largest producer, the Netherlands (3.4K tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume in China was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: the Netherlands (0.0% per year) and Hong Kong SAR (+0.5% per year).

Imports

World Imports of Combs And Hair-Slides

In 2022, the amount of combs and hair-slides imported worldwide soared to 66K tons, with an increase of 16% against the year before. The total import volume increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 27% against the previous year. Over the period under review, global imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, comb imports skyrocketed to $586M in 2022. The total import value increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 19% against the previous year. Over the period under review, global imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Imports By Country

India (14K tons) and the United States (9.9K tons) were the largest importers of combs and hair-slides in 2022, amounting to near 21% and 15% of total imports, respectively. Hong Kong SAR (3.5K tons) held the next position in the ranking, followed by Chile (3K tons). All these countries together held near 9.9% share of total imports. The following importers - Mexico (2.9K tons), Thailand (2.2K tons), the UK (1.7K tons), Germany (1.5K tons), the United Arab Emirates (1.5K tons), Brazil (1.3K tons), Indonesia (1.2K tons), Iraq (1.1K tons) and Vietnam (1.1K tons) - together made up 22% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by India (with a CAGR of +34.7%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($108M) constitutes the largest market for imported combs and hair-slides worldwide, comprising 18% of global imports. The second position in the ranking was taken by Germany ($38M), with a 6.5% share of global imports. It was followed by Hong Kong SAR, with a 4% share.

In the United States, comb imports increased at an average annual rate of +1.0% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+5.8% per year) and Hong Kong SAR (+7.6% per year).

Import Prices By Country

In 2022, the average comb import price amounted to $8,938 per ton, remaining relatively unchanged against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2018 an increase of 18%. Global import price peaked at $10,216 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($25,174 per ton), while Chile ($1,135 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iraq (+8.0%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Combs And Hair-Slides

In 2022, global exports of combs and hair-slides soared to 65K tons, with an increase of 15% compared with the year before. In general, total exports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +44.2% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 210%. The global exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, comb exports skyrocketed to $933M in 2022. Overall, exports saw resilient growth. The pace of growth was the most pronounced in 2021 when exports increased by 40%. The global exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports By Country

China dominates exports structure, accounting for 54K tons, which was near 84% of total exports in 2022. It was distantly followed by the Netherlands (3.8K tons), constituting a 5.8% share of total exports.

Exports from China increased at an average annual rate of +3.6% from 2012 to 2022. At the same time, the Netherlands (+55.9%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +55.9% from 2012-2022. While the share of the Netherlands (+5.7 p.p.) and China (+3.4 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($668M) remains the largest comb supplier worldwide, comprising 72% of global exports. The second position in the ranking was held by the Netherlands ($86M), with a 9.2% share of global exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at +13.5%.

Export Prices By Country

The average comb export price stood at $14,403 per ton in 2022, increasing by 10% against the previous year. Over the period under review, the export price saw a strong increase. The growth pace was the most rapid in 2016 an increase of 185%. As a result, the export price attained the peak level of $27,853 per ton. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($22,753 per ton), while China stood at $12,278 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.6%).

Source: IndexBox Market Intelligence Platform