Price for Wigs; Complete, of Synthetic Textile Materials in the UK - 2024

Price for Wigs; Complete, of Synthetic Textile Materials in the UK (CIF) - 2024

The average import price for wigs; complete, of synthetic textile materialses stood at $19.8 per unit in February 2024, falling by -21.9% against the previous month. In general, the import price showed a perceptible slump. The pace of growth appeared the most rapid in June 2023 when the average import price increased by 27% month-to-month. Over the period under review, average import prices hit record highs at $29.3 per unit in August 2023; however, from September 2023 to February 2024, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Indonesia ($72.9 per unit), while the price for China ($3.8 per unit) was amongst the lowest.

From April 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Indonesia (+10.4%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for wigs; complete, of synthetic textile materialses amounted to $30 per unit, with a decrease of -8.1% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 129%. Over the period under review, the average export prices attained the peak figure at $36 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($90 per unit), while the average price for exports to the Netherlands ($15 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 Germany (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wigs; Complete, of Synthetic Textile Materials in the UK

In 2022, the amount of wigs; complete, of synthetic textile materialses imported into the UK surged to 784K units, with an increase of 35% on the previous year. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +5.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of wigs; complete, of synthetic textile materialses soared to $18M in 2022. Over the period under review, total imports indicated a slight expansion from 2019 to 2022: its value increased at an average annual rate of +1.5% 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 +98.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 53%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Wigs; Complete, of Synthetic Textile Materials in the UK (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	8.3	4.3	8.8	11.5	11.5%
Indonesia	1.7	1.5	1.6	2.8	18.1%
Thailand	1.9	1.4	1.7	1.9	0.0%
United States	1.1	0.2	0.5	0.3	-35.2%
Hong Kong SAR	2.4	1.0	0.4	0.2	-56.3%
Kenya	0.7	N/A	N/A	N/A	0%
Others	0.7	0.4	0.7	1.0	12.6%
Total	16.9	8.9	13.7	17.7	1.6%

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

China (719.6K units)
Indonesia (21.8K units)
Thailand (13.7K units)
United States (4.3K units)
Hong Kong SAR (1.1K units)

Exports of Wigs; Complete, of Synthetic Textile Materials in the UK

In 2022, after two years of decline, there was significant growth in overseas shipments of wigs; complete, of synthetic textile materialses, when their volume increased by 40% to 125K units. Overall, exports, however, recorded a sharp curtailment. The exports peaked at 362K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of wigs; complete, of synthetic textile materialses surged to $3.7M in 2022. Over the period under review, exports, however, showed a abrupt decrease. The exports peaked at $5.2M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Export of Wigs; Complete, of Synthetic Textile Materials in the UK (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	518	180	755	897	20.1%
Germany	668	328	824	852	8.4%
Ghana	1.3	6.3	2.6	265	488.5%
Belgium	115	28.6	218	223	24.7%
Spain	402	276	51.9	161	-26.3%
France	608	358	207	138	-39.0%
Poland	186	175	23.1	130	-11.3%
Portugal	332	328	62.3	103	-32.3%
Ireland	189	104	135	103	-18.3%
Netherlands	548	583	66.8	100	-43.3%
Italy	175	154	25.8	79.6	-23.1%
Sweden	348	344	53.7	70.9	-41.2%
Czech Republic	319	72.5	19.9	13.1	-65.5%
Others	765	631	452	583	-8.7%
Total	5,176	3,569	2,897	3,718	-10.4%