Luxembourg: Shaving Preparations Market 2024

Shaving Preparations Market Size in Luxembourg

In 2021, the Luxembourg shaving preparations market increased by 115% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption showed a resilient increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Shaving Preparations Production in Luxembourg

In value terms, shaving preparations production soared to $X in 2021 estimated in export price. In general, production enjoyed a moderate expansion. The growth pace was the most rapid in 2016 when the production volume increased by 74% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Shaving Preparations Exports

Exports from Luxembourg

In 2021, shipments abroad of pre-shave, shaving and after-shave preparations (excluding soap in blocks) decreased by -13.2% to X tons, falling for the third year in a row after five years of growth. Overall, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of 138%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, shaving preparations exports shrank to $X in 2021. In general, exports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2014 with an increase of 91%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for shaving preparations exports from Luxembourg, accounting for a 33% share of total exports. Moreover, shaving preparations exports to Germany exceeded the volume sent to the second major destination, France (X tons), threefold. The third position in this ranking was taken by Poland (X tons), with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +19.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+10.4% per year) and Poland (+21.9% per year).

In value terms, Germany ($X) remains the key foreign market for pre-shave, shaving and after-shave preparations (excluding soap in blocks) exports from Luxembourg, comprising 34% of total exports. The second position in the ranking was taken by France ($X), with a 12% share of total exports. It was followed by Poland, with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +11.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+2.4% per year) and Poland (+15.6% per year).

Export Prices by Country

The average shaving preparations export price stood at $X per ton in 2021, almost unchanged from the previous year. Over the period under review, the export price, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2013 an increase of 0.9%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2021, the countries with the highest prices were Hungary ($X per ton) and Finland ($X per ton), while the average price for exports to Italy ($X per ton) and Greece ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (-2.8%), while the prices for the other major destinations experienced a decline.

Shaving Preparations Imports

Imports into Luxembourg

After three years of decline, purchases abroad of pre-shave, shaving and after-shave preparations (excluding soap in blocks) increased by 74% to X tons in 2021. Over the period under review, imports recorded a significant expansion. The pace of growth was the most pronounced in 2017 when imports increased by 366% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, shaving preparations imports surged to $X in 2021. In general, imports recorded prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 236%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, France (X tons) was the main shaving preparations supplier to Luxembourg, accounting for a 94% share of total imports. Moreover, shaving preparations imports from France exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from France stood at +30.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+16.5% per year) and Belgium (-4.0% per year).

In value terms, France ($X) constituted the largest supplier of pre-shave, shaving and after-shave preparations (excluding soap in blocks) to Luxembourg, comprising 83% of total imports. The second position in the ranking was held by Belgium ($X), with a 9.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from France stood at +24.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-2.9% per year) and Germany (+3.4% per year).

Import Prices by Country

The average shaving preparations import price stood at $X per ton in 2021, with an increase of 5.2% against the previous year. Over the period under review, the import price, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2016 an increase of 28% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 Belgium (+1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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