Scandinavia: Market for Hair Lotion and Preparation 2024

Market Size for Hair Lotion and Preparation in Scandinavia

The Scandinavia hair lotion and preparation market expanded markedly to $X in 2021, surging by 8.4% against the previous year. The market value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The level of consumption peaked in 2021 and is likely to see steady growth in the near future.

Production of Hair Lotion and Preparation in Scandinavia

In value terms, hair lotion and preparation production rose rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a resilient increase. The growth pace was the most rapid in 2017 with an increase of 21%. Over the period under review, production attained the peak level in 2021 and is expected to retain growth in the near future.

Exports of Hair Lotion and Preparation

Exports in Scandinavia

Hair lotion and preparation exports rose sharply to X tons in 2021, picking up by 9.4% on the previous year's figure. The total export volume increased at an average annual rate of +5.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of 17%. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, hair lotion and preparation exports surged to $X in 2021. Total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +95.4% against 2015 indices. The pace of growth was the most pronounced in 2018 with an increase of 23% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

Denmark (X tons) and Sweden (X tons) prevails in exports structure, together mixing up 93% of total exports. It was distantly followed by Finland (X tons), generating a 5.7% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Sweden (with a CAGR of +6.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest hair lotion and preparation supplying countries in Scandinavia were Sweden ($X), Denmark ($X) and Finland ($X), with a combined 96% share of total exports.

Among the main exporting countries, Denmark, with a CAGR of +9.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, picking up by 12% against the previous year. Over the last nine years, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2018 an increase of 12%. Over the period under review, the export prices attained the maximum in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Finland ($X per ton), while Denmark ($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 (+4.3%), while the other leaders experienced mixed trends in the export price figures.

Imports of Hair Lotion and Preparation

Imports in Scandinavia

Hair lotion and preparation imports totaled X tons in 2021, increasing by 4.7% compared with 2020. The total import volume increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of 12% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in the immediate term.

In value terms, hair lotion and preparation imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden (X tons) and Denmark (X tons) were the main importers of hair lotion and preparation in 2021, finishing at near 39% and 31% of total imports, respectively. Norway (X tons) took a 16% share (based on physical terms) of total imports, which put it in second place, followed by Finland (13%). Iceland (X tons) held a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Iceland (with a CAGR of +9.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Denmark ($X) and Norway ($X) were the countries with the highest levels of imports in 2021, with a combined 84% share of total imports. These countries were followed by Finland and Iceland, which together accounted for a further 16%.

Among the main importing countries, Iceland, with a CAGR of +6.9%, saw the highest growth rate of 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

The import price in Scandinavia stood at $X per ton in 2021, with an increase of 11% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Norway ($X per ton), while Sweden ($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 (+2.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform