Puerto Rico: Market for Hair Lotion and Preparation 2024

Market Size for Hair Lotion and Preparation in Puerto Rico

In 2021, the Puerto Rican hair lotion and preparation market increased by 9.4% to $X for the first time since 2016, thus ending a four-year declining trend. In general, consumption, however, recorded a perceptible setback. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Production of Hair Lotion and Preparation in Puerto Rico

In value terms, hair lotion and preparation production expanded markedly to $X in 2021 estimated in export price. Overall, production, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2014 when the production volume increased by 35% against the previous year. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Exports of Hair Lotion and Preparation

Exports from Puerto Rico

In 2021, approx. less than X kg of hair lotion and preparation were exported from Puerto Rico; approximately reflecting the previous year's figure. Over the period under review, exports continue to indicate a relatively flat trend pattern.

In value terms, hair lotion and preparation exports totaled less than $X in 2021. In general, exports showed a relatively flat trend pattern.

Exports by Country

The shipments of the twelve major exporters of hair lotion and preparation, namely Italy, Germany, Mexico, the United States, France, Belgium, Spain, Poland, Thailand, China, the Netherlands and Canada, represented more than two-thirds of total export. Turkey (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Turkey (with a CAGR of +7.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest hair lotion and preparation supplying countries from Puerto Rico were Germany ($X), Italy ($X) and the United States ($X), together comprising 31% of total exports. These countries were followed by the Netherlands, Spain, France, Belgium, Mexico, Poland, Canada, Thailand, China and Turkey, which together accounted for a further 38%.

The Netherlands, with a CAGR of +14.5%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Puerto Rico stood at less than $X per ton in 2021, remaining stable against the previous year. In general, the export price recorded a relatively flat trend pattern.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.9%), while the other leaders experienced more modest paces of growth.

Imports of Hair Lotion and Preparation

Imports into Puerto Rico

In 2021, approx. less than X kg of hair lotion and preparation were imported into Puerto Rico; remaining relatively unchanged against the previous year. Overall, imports recorded a relatively flat trend pattern.

In value terms, hair lotion and preparation imports totaled less than $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern.

Imports by Country

In 2021, the United States (X tons), distantly followed by the UK (X tons) and Germany (X tons) represented the key importers of hair lotion and preparation, together committing 24% of total imports. Russia (X tons), France (X tons), Belgium (X tons), the Netherlands (X tons), Canada (X tons), Spain (X tons), Poland (X tons), Italy (X tons), Japan (X tons) and South Korea (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to hair lotion and preparation imports into the United States stood at +4.8%. At the same time, South Korea (+9.7%), Belgium (+9.2%), the Netherlands (+9.0%), Poland (+8.5%), Germany (+5.2%), the UK (+3.5%), Spain (+2.4%), France (+2.1%) and Italy (+1.9%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in the world, with a CAGR of +9.7% from 2012-2021. Russia experienced a relatively flat trend pattern. By contrast, Canada (-1.3%) and Japan (-2.7%) illustrated a downward trend over the same period. While the share of the United States (+2 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported hair lotion and preparation into Puerto Rico, comprising 12% of global imports. The second position in the ranking was taken by Germany ($X), with a 5.4% share of global imports. It was followed by the UK, with a 4.5% share.

From 2012 to 2021, the average annual growth rate of value in the United States totaled +5.9%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+5.8% per year) and the UK (+2.3% per year).

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per ton, almost unchanged from the previous year. Over the period under review, the import price recorded a relatively flat trend pattern.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+2.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform