Price for Wigs; Complete, of Synthetic Textile Materials in Canada - 2023

Contents:

1. Price for Wigs; Complete, of Synthetic Textile Materials in Canada (CIF) - 2022
2. Price for Wigs; Complete, of Synthetic Textile Materials in Canada (FOB) - 2022
3. Imports of Wigs; Complete, of Synthetic Textile Materials in Canada
4. Exports of Wigs; Complete, of Synthetic Textile Materials in Canada

Price for Wigs; Complete, of Synthetic Textile Materials in Canada (CIF) - 2022

The average import price for wigs; complete, of synthetic textile materialses stood at $108 per unit in 2022, therefore, remained relatively stable against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for wigs; complete, of synthetic textile materialses increased by +20.9% against 2020 indices. The pace of growth appeared the most rapid in 2018 an increase of 47%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($108 per unit) and Senegal ($108 per unit), while the price for Myanmar ($108 per unit) and China ($108 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Wigs; Complete, of Synthetic Textile Materials in Canada (FOB) - 2022

The average export price for wigs; complete, of synthetic textile materialses stood at $36 per unit in 2022, with an increase of 3.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2014 when the average export price increased by 23%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($36 per unit), while the average price for exports to Australia ($35 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+40.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wigs; Complete, of Synthetic Textile Materials in Canada

In 2022, the amount of wigs; complete, of synthetic textile materialses imported into Canada soared to 93K units, picking up by 29% against the previous year's figure. In general, imports, however, continue to indicate a mild reduction. Over the period under review, imports of reached the peak figure at 97K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of wigs; complete, of synthetic textile materialses soared to $10M in 2022. Overall, total imports indicated a moderate expansion from 2019 to 2022: its value increased at an average annual rate of +2.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.7% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Wigs; Complete, of Synthetic Textile Materials to Canada in 2022:

1. China (47.6K units)
2. Indonesia (23.9K units)
3. Bangladesh (8.3K units)
4. Senegal (5.9K units)
5. United States (3.0K units)
6. Myanmar (1.6K units)
7. Nigeria (0.9K units)

Exports of Wigs; Complete, of Synthetic Textile Materials in Canada

For the fourth year in a row, Canada recorded growth in overseas shipments of wigs; complete, of synthetic textile materialses, which increased by 12% to 8.1K units in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +17.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 21%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of wigs; complete, of synthetic textile materialses skyrocketed to $293K in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +17.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.9% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 28%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.

Top Export Markets for Wigs; Complete, of Synthetic Textile Materials from Canada in 2022:

1. United States (7.4K units)
2. South Africa (0.5K units)
3. Australia (0.3K units)

Source: IndexBox Market Intelligence Platform