Norway: Market for Hair Lotion and Preparation 2024

Market Size for Hair Lotion and Preparation in Norway

The Norwegian hair lotion and preparation market was estimated at $X in 2021, with an increase of 9.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a relatively flat trend pattern. Hair lotion and preparation consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Exports of Hair Lotion and Preparation

Exports from Norway

In 2021, hair lotion and preparation exports from Norway soared to X tons, jumping by 38% against 2020. Over the period under review, exports, however, showed a deep setback. The pace of growth appeared the most rapid in 2015 with an increase of 54% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, hair lotion and preparation exports skyrocketed to $X in 2021. Overall, exports, however, recorded a perceptible slump. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Sweden (X tons) was the main destination for hair lotion and preparation exports from Norway, accounting for a 70% share of total exports. Moreover, hair lotion and preparation exports to Sweden exceeded the volume sent to the second major destination, Germany (X tons), fourfold. The third position in this ranking was taken by Denmark (X tons), with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden stood at -6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+50.2% per year) and Denmark (-13.2% per year).

In value terms, Sweden ($X) remains the key foreign market for hair lotion and preparation exports from Norway, comprising 64% of total exports. The second position in the ranking was held by Germany ($X), with a 30% share of total exports. It was followed by Denmark, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value to Sweden amounted to -3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+58.9% per year) and Denmark (-14.1% per year).

Export Prices by Country

In 2021, the average hair lotion and preparation export price amounted to $X per ton, surging by 26% against the previous year. In general, the export price saw a perceptible increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 41% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Finland ($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 (+27.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hair Lotion and Preparation

Imports into Norway

In 2021, approx. X tons of hair lotion and preparation were imported into Norway; picking up by 5.6% against 2020. The total import volume increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by 7.8% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, hair lotion and preparation imports expanded significantly to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Sweden (X tons), the United States (X tons) and France (X tons) were the main suppliers of hair lotion and preparation imports to Norway, together comprising 41% of total imports. These countries were followed by Germany, Italy, the Netherlands, Belgium, the UK, Denmark, Spain, Poland, Israel and Finland, which together accounted for a further 51%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +48.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Sweden ($X) and Germany ($X) appeared to be the largest hair lotion and preparation suppliers to Norway, together accounting for 41% of total imports. The Netherlands, Italy, Spain, the UK, Denmark, France, Belgium, Israel, Finland and Poland lagged somewhat behind, together comprising a further 49%.

Spain, with a CAGR of +40.2%, saw the highest rates of growth with regard to 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

In 2021, the average hair lotion and preparation import price amounted to $X per ton, with an increase of 5.1% against the previous year. In general, the import price, however, continues to indicate a slight decline. The most prominent rate of growth was recorded in 2017 an increase of 12%. 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 Israel ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform