Greece: Hair Spray Market 2024

Hair Spray Market Size in Greece

The Greek hair spray market fell sharply to $X in 2022, which is down by -15.1% against the previous year. Overall, consumption showed a noticeable shrinkage. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Hair Spray Production in Greece

In value terms, hair spray production totaled $X in 2022 estimated in export price. Over the period under review, production continues to indicate a strong expansion. The growth pace was the most rapid in 2013 when the production volume increased by 70% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Hair Spray Exports

Exports from Greece

In 2022, the amount of hair sprays exported from Greece skyrocketed to X tons, increasing by 163% against the previous year. Overall, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, hair spray exports skyrocketed to $X in 2022. In general, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Romania (X tons) was the main destination for hair spray exports from Greece, accounting for a 67% share of total exports. Moreover, hair spray exports to Romania exceeded the volume sent to the second major destination, Malta (X tons), fivefold. Cyprus (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Romania totaled +238.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malta (+30.9% per year) and Cyprus (+0.8% per year).

In value terms, Romania ($X) emerged as the key foreign market for hair sprays exports from Greece, comprising 58% of total exports. The second position in the ranking was held by Malta ($X), with a 23% share of total exports. It was followed by Cyprus, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Romania totaled +223.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malta (+31.6% per year) and Cyprus (-0.9% per year).

Export Prices by Country

In 2022, the average hair spray export price amounted to $X per ton, increasing by 12% against the previous year. In general, the export price, however, showed a pronounced setback. The pace of growth was the most pronounced in 2013 when the average export price increased by 18% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Malta ($X per ton), while the average price for exports to Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+6.7%), while the prices for the other major destinations experienced mixed trend patterns.

Hair Spray Imports

Imports into Greece

In 2022, approx. X tons of hair sprays were imported into Greece; dropping by -8.6% on the previous year's figure. Overall, imports saw a perceptible shrinkage. The growth pace was the most rapid in 2014 with an increase of 8.9%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, hair spray imports reduced to $X in 2022. In general, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2019 when imports increased by 34% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of hair spray to Greece, with a 69% share of total imports. Moreover, hair spray imports from Germany exceeded the figures recorded by the second-largest supplier, Hungary (X tons), fourfold. The third position in this ranking was taken by Italy (X tons), with a 5.5% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at -3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (-0.8% per year) and Italy (-5.4% per year).

In value terms, Germany ($X) constituted the largest supplier of hair sprays to Greece, comprising 70% of total imports. The second position in the ranking was taken by Hungary ($X), with a 17% share of total imports. It was followed by Italy, with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at -3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (-3.4% per year) and Italy (-13.2% per year).

Import Prices by Country

In 2022, the average hair spray import price amounted to $X per ton, with an increase of 6.9% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 26%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+7.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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