Portugal: Market for Hair Lotion and Preparation 2024

Market Size for Hair Lotion and Preparation in Portugal

In 2021, after two years of decline, there was significant growth in the Portuguese hair lotion and preparation market, when its value increased by 17% to $X. Overall, consumption recorded a relatively flat trend pattern. Hair lotion and preparation consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Production of Hair Lotion and Preparation in Portugal

In value terms, hair lotion and preparation production reached $X in 2021 estimated in export price. Over the period under review, production saw mild growth. The pace of growth appeared the most rapid in 2016 with an increase of 106% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Exports of Hair Lotion and Preparation

Exports from Portugal

In 2021, approx. X tons of hair lotion and preparation were exported from Portugal; rising by 12% on the year before. In general, exports saw a significant expansion. The growth pace was the most rapid in 2016 when exports increased by 352%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, hair lotion and preparation exports soared to $X in 2021. Overall, exports recorded a strong increase. The pace of growth was the most pronounced in 2016 with an increase of 112% against the previous year. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Spain (X tons), Belgium (X tons) and Italy (X tons) were the main destinations of hair lotion and preparation exports from Portugal, with a combined 82% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +101.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) remains the key foreign market for hair lotion and preparation exports from Portugal, comprising 42% of total exports. The second position in the ranking was held by Belgium ($X), with a 20% share of total exports. It was followed by Italy, with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain stood at +17.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+81.6% per year) and Italy (+9.6% per year).

Export Prices by Country

In 2021, the average hair lotion and preparation export price amounted to $X per ton, surging by 13% against the previous year. Over the period under review, the export price, however, recorded a deep slump. The pace of growth was the most pronounced in 2013 an increase of 24% against the previous year. 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.

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 Angola ($X per ton), while the average price for exports to Belgium ($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 the Czech Republic (+9.8%), while the prices for the other major destinations experienced a decline.

Imports of Hair Lotion and Preparation

Imports into Portugal

In 2021, after two years of decline, there was significant growth in supplies from abroad of hair lotion and preparation, when their volume increased by 14% to X tons. The total import volume increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when imports increased by 15% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, hair lotion and preparation imports stood at $X in 2021. The total import value increased at an average annual rate of +1.0% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of hair lotion and preparation to Portugal, accounting for a 57% share of total imports. Moreover, hair lotion and preparation imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was held by the Netherlands (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain stood at +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+10.4% per year) and the Netherlands (+25.9% per year).

In value terms, Spain ($X) constituted the largest supplier of hair lotion and preparation to Portugal, comprising 59% of total imports. The second position in the ranking was held by Italy ($X), with an 18% share of total imports. It was followed by the Netherlands, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Spain totaled +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.7% per year) and the Netherlands (+24.7% per year).

Import Prices by Country

In 2021, the average hair lotion and preparation import price amounted to $X per ton, declining by -1.6% against the previous year. Over the period under review, the import price showed a noticeable setback. The pace of growth was the most pronounced in 2017 an increase of 12%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 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, amid the top importers, the country with the highest price was France ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform