Luxembourg: Market for Hair Lotion and Preparation 2024

Market Size for Hair Lotion and Preparation in Luxembourg

The Luxembourg hair lotion and preparation market dropped significantly to $X in 2021, with a decrease of -24.3% against the previous year. In general, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then fell markedly in the following year.

Production of Hair Lotion and Preparation in Luxembourg

In value terms, hair lotion and preparation production totaled $X in 2021 estimated in export price. In general, the total production indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -14.3% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of 35%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Exports of Hair Lotion and Preparation

Exports from Luxembourg

Hair lotion and preparation exports from Luxembourg skyrocketed to X tons in 2021, increasing by 81% against 2020 figures. Over the period under review, exports enjoyed a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, hair lotion and preparation exports skyrocketed to $X in 2021. In general, exports saw prominent growth. The growth pace was the most rapid in 2014 when exports increased by 76% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Germany (X tons) was the main destination for hair lotion and preparation exports from Luxembourg, accounting for a 40% share of total exports. Moreover, hair lotion and preparation exports to Germany exceeded the volume sent to the second major destination, France (X tons), threefold. The third position in this ranking was held by Italy (X tons), with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +14.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+95.1% per year) and Italy (+576.4% per year).

In value terms, Germany ($X) remains the key foreign market for hair lotion and preparation exports from Luxembourg, comprising 36% of total exports. The second position in the ranking was taken by France ($X), with a 17% share of total exports. It was followed by Italy, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+85.6% per year) and Italy (+448.4% per year).

Export Prices by Country

In 2021, the average hair lotion and preparation export price amounted to $X per ton, waning by -15.4% against the previous year. Over the period under review, the export price saw a deep contraction. The growth pace was the most rapid in 2016 an increase of 10%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+1.5%), while the prices for the other major destinations experienced a decline.

Imports of Hair Lotion and Preparation

Imports into Luxembourg

In 2021, the amount of hair lotion and preparation imported into Luxembourg soared to X tons, jumping by 51% on the year before. Over the period under review, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 82%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, hair lotion and preparation imports soared to $X in 2021. Overall, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +92.4% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, France (X tons) constituted the largest hair lotion and preparation supplier to Luxembourg, accounting for a 57% share of total imports. Moreover, hair lotion and preparation imports from France exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2021, the average annual growth rate of volume from France stood at +22.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+4.1% per year) and Germany (+8.1% per year).

In value terms, Belgium ($X), France ($X) and Germany ($X) appeared to be the largest hair lotion and preparation suppliers to Luxembourg, with a combined 84% share of total imports. These countries were followed by the Netherlands, which accounted for a further 11%.

The Netherlands, with a CAGR of +31.1%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hair lotion and preparation import price stood at $X per ton in 2021, falling by -14.8% against the previous year. Over the period under review, the import price continues to indicate a deep downturn. The pace of growth was the most pronounced in 2016 an increase of 43%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, 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 Belgium ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform