Scandinavia: Hair Spray Market 2024

Hair Spray Market Size in Scandinavia

In 2022, the Scandinavia hair spray market decreased by -5.8% to $X, falling for the second year in a row after four years of growth. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Hair Spray Production in Scandinavia

In value terms, hair spray production reached $X in 2022 estimated in export price. Over the period under review, production, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by 161% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Hair Spray Exports

Exports in Scandinavia

In 2022, hair spray exports in Scandinavia amounted to X tons, rising by 8.6% against 2021. The total export volume increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 29%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, hair spray exports amounted to $X in 2022. Total exports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +31.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 31% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Sweden prevails in exports structure, resulting at X tons, which was near 92% of total exports in 2022. It was distantly followed by Finland (X tons), committing a 5.6% share of total exports. Norway (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to hair spray exports from Sweden stood at +1.1%. At the same time, Finland (+8.0%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +8.0% from 2012-2022. By contrast, Norway (-8.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Finland increased by +2.7 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest hair spray supplier in Scandinavia, comprising 92% of total exports. The second position in the ranking was taken by Finland ($X), with a 6.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Sweden amounted to +3.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Finland (+5.0% per year) and Norway (-18.1% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, reducing by -7.7% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the export price increased by 17%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+2.2%), while the other leaders experienced a decline in the export price figures.

Hair Spray Imports

Imports in Scandinavia

In 2022, hair spray imports in Scandinavia shrank slightly to X tons, with a decrease of -4% on the previous year. Over the period under review, imports showed a noticeable downturn. The pace of growth was the most pronounced in 2021 when imports increased by 13%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, hair spray imports shrank to $X in 2022. Overall, imports recorded a pronounced setback. The most prominent rate of growth was recorded in 2021 with an increase of 28%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Sweden (X tons) was the main importer of hair sprays, constituting 52% of total imports. Finland (X tons) held the second position in the ranking, followed by Norway (X tons). All these countries together took near 48% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Norway (with a CAGR of +0.3%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Sweden ($X), Norway ($X) and Finland ($X) appeared to be the countries with the highest levels of imports in 2022.

Norway, with a CAGR of -1.0%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, surging by 2.7% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 14%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: 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 2022, the most notable rate of growth in terms of prices was attained by Finland (+3.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform