Portugal: Hair Spray Market 2024

Hair Spray Market Size in Portugal

The Portuguese hair spray market reduced modestly to $X in 2022, with a decrease of -1.7% against the previous year. Overall, consumption continues to indicate a pronounced decline. Hair spray consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Hair Spray Production in Portugal

In value terms, hair spray production contracted to $X in 2022 estimated in export price. Overall, production, however, showed a deep downturn. The growth pace was the most rapid in 2017 when the production volume increased by 24% against the previous year. Hair spray production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Hair Spray Exports

Exports from Portugal

In 2022, after four years of decline, there was significant growth in shipments abroad of hair sprays, when their volume increased by 15% to X tons. Overall, exports enjoyed slight growth. The most prominent rate of growth was recorded in 2013 when exports increased by 364% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, hair spray exports surged to $X in 2022. Over the period under review, exports continue to indicate a strong expansion. The growth pace was the most rapid in 2013 with an increase of 459% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for hair spray exports from Portugal, with a 78% share of total exports. Moreover, hair spray exports to Germany exceeded the volume sent to the second major destination, Spain (X tons), sevenfold. The Netherlands (X tons) ranked third in terms of total exports with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at +71.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-5.5% per year) and the Netherlands (+16.0% per year).

In value terms, Germany ($X) emerged as the key foreign market for hair sprays exports from Portugal, comprising 78% of total exports. The second position in the ranking was held by Spain ($X), with a 12% share of total exports. It was followed by the Netherlands, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +63.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-1.1% per year) and the Netherlands (+18.2% per year).

Export Prices by Country

The average hair spray export price stood at $X per ton in 2022, increasing by 13% against the previous year. Over the last decade, it increased at an average annual rate of +5.2%. The pace of growth appeared the most rapid in 2013 when the average export price increased by 20% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Spain ($X per ton) and Germany ($X per ton), while the average price for exports to the UK ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Hair Spray Imports

Imports into Portugal

In 2022, purchases abroad of hair sprays decreased by -1.2% to X tons, falling for the fourth year in a row after two years of growth. Overall, imports showed a pronounced decrease. The most prominent rate of growth was recorded in 2017 with an increase of 26%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, hair spray imports expanded markedly to $X in 2022. Over the period under review, imports recorded a perceptible setback. The growth pace was the most rapid in 2018 when imports increased by 33% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Spain (X tons) constituted the largest hair spray supplier to Portugal, with a 61% share of total imports. Moreover, hair spray imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was held by the Netherlands (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Spain totaled -4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.0% per year) and the Netherlands (-5.3% per year).

In value terms, Spain ($X) constituted the largest supplier of hair sprays to Portugal, comprising 63% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 12% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Spain stood at -3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-4.7% per year) and Germany (-4.3% per year).

Import Prices by Country

The average hair spray import price stood at $X per ton in 2022, surging by 9.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2018 an increase of 13%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Germany ($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 (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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