Norway: Market for Shampoos, Hair Lacquers And Other Preparations 2024

Market Size for Shampoos, Hair Lacquers And Other Preparations in Norway

In 2022, after two years of growth, there was significant decline in the Norwegian market for shampoos, hair lacquers and other preparations, when its value decreased by -6.7% to $X. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2021, and then contracted in the following year.

Exports of Shampoos, Hair Lacquers And Other Preparations

Exports from Norway

In 2022, overseas shipments of shampoos, hair lacquers and other preparations increased by 34% to X tons, rising for the fifth year in a row after two years of decline. In general, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 60%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, exports of shampoos, hair lacquers and other preparations expanded slightly to $X in 2022. Overall, exports recorded a tangible increase. The most prominent rate of growth was recorded in 2021 with an increase of 39%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in years to come.

Exports by Country

Denmark (X tons), Sweden (X tons) and Finland (X tons) were the main destinations of exports of shampoos, hair lacquers and other preparations from Norway, with a combined 97% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +28.1%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for shampoo, hair lacquer and other preparations exported from Norway were Sweden ($X), Denmark ($X) and Finland ($X), together accounting for 93% of total exports.

Denmark, with a CAGR of +14.9%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average export price for shampoos, hair lacquers and other preparations amounted to $X per ton, declining by -23.1% against the previous year. In general, the export price continues to indicate a deep downturn. The growth pace was the most rapid in 2017 when the average export price increased by 27%. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Finland ($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 Sweden (-5.1%), while the prices for the other major destinations experienced a decline.

Imports of Shampoos, Hair Lacquers And Other Preparations

Imports into Norway

After two years of growth, purchases abroad of shampoos, hair lacquers and other preparations decreased by -5.3% to X tons in 2022. The total import volume increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 17% against the previous year. Imports peaked at X tons in 2021, and then reduced in the following year.

In value terms, imports of shampoos, hair lacquers and other preparations declined modestly to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 11%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Sweden (X tons), France (X tons) and the UK (X tons) were the main suppliers of imports of shampoos, hair lacquers and other preparations to Norway, with a combined 52% share of total imports. The United States, Spain, Germany, Italy, Poland, Denmark, Belgium and the Netherlands lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +44.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the UK ($X) and Sweden ($X) appeared to be the largest shampoo, hair lacquer and other preparations suppliers to Norway, with a combined 45% share of total imports. France, Germany, Spain, Italy, the Netherlands, Denmark, Belgium and Poland lagged somewhat behind, together accounting for a further 43%.

In terms of the main suppliers, Spain, with a CAGR of +40.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for shampoos, hair lacquers and other preparations amounted to $X per ton, increasing by 3.5% against the previous year. In general, the import price, however, saw a pronounced reduction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 8.2%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :