Canada: Market for Hair Lotion and Preparation 2024

Market Size for Hair Lotion and Preparation in Canada

In 2021, after two years of growth, there was significant decline in the Canadian hair lotion and preparation market, when its value decreased by -7.7% to $X. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Production of Hair Lotion and Preparation in Canada

In value terms, hair lotion and preparation production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a tangible increase. The growth pace was the most rapid in 2017 with an increase of 98% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then declined in the following year.

Exports of Hair Lotion and Preparation

Exports from Canada

In 2021, shipments abroad of hair lotion and preparation increased by 4.6% to X tons, rising for the fourth year in a row after three years of decline. The total export volume increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 18%. The exports peaked in 2021 and are likely to continue growth in the near future.

In value terms, hair lotion and preparation exports skyrocketed to $X in 2021. Overall, total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +68.1% against 2016 indices. The pace of growth was the most pronounced in 2018 with an increase of 21% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons) was the main destination for hair lotion and preparation exports from Canada, accounting for a 95% share of total exports. It was followed by Mexico (X tons), with a 1.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +3.9%.

In value terms, the United States ($X) remains the key foreign market for hair lotion and preparation exports from Canada, comprising 95% of total exports. The second position in the ranking was held by Mexico ($X), with a 1.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +7.1%.

Export Prices by Country

The average hair lotion and preparation export price stood at $X per ton in 2021, with an increase of 13% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 13% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Mexico totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.0%).

Imports of Hair Lotion and Preparation

Imports into Canada

In 2021, supplies from abroad of hair lotion and preparation decreased by -8.7% to X tons, falling for the third year in a row after two years of growth. In general, imports showed a mild contraction. The most prominent rate of growth was recorded in 2018 with an increase of 20% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, hair lotion and preparation imports rose markedly to $X in 2021. Over the period under review, imports, however, recorded mild growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of hair lotion and preparation to Canada, with a 66% share of total imports. Moreover, hair lotion and preparation imports from the United States exceeded the figures recorded by the second-largest supplier, Mexico (X tons), fivefold. The third position in this ranking was taken by Germany (X tons), with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled -3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+5.8% per year) and Germany (+4.8% per year).

In value terms, the United States ($X) constituted the largest supplier of hair lotion and preparation to Canada, comprising 67% of total imports. The second position in the ranking was taken by Mexico ($X), with an 8.5% share of total imports. It was followed by Italy, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+2.9% per year) and Italy (+4.6% per year).

Import Prices by Country

The average hair lotion and preparation import price stood at $X per ton in 2021, jumping by 23% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform