Scandinavia: Market for Shampoos, Hair Lacquers And Other Preparations 2024

Market Size for Shampoos, Hair Lacquers And Other Preparations in Scandinavia

After two years of growth, the Scandinavia market for shampoos, hair lacquers and other preparations decreased by -6.6% to $X in 2022. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Production of Shampoos, Hair Lacquers And Other Preparations in Scandinavia

In value terms, production of shampoos, hair lacquers and other preparations declined dramatically to $X in 2022 estimated in export price. Overall, production saw a mild expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by 25% against the previous year. Over the period under review, production of hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Shampoos, Hair Lacquers And Other Preparations

Exports in Scandinavia

Exports of shampoos, hair lacquers and other preparations expanded markedly to X tons in 2022, growing by 5.4% against 2021 figures. The total export volume increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when exports increased by 21%. The volume of export peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, exports of shampoos, hair lacquers and other preparations declined slightly to $X in 2022. Total exports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% 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 +80.9% against 2015 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 20%. The level of export peaked at $X in 2021, and then shrank slightly in the following year.

Exports by Country

Sweden prevails in preparations structure, amounting to X tons, which was approx. 85% of total exports in 2022. It was distantly followed by Norway (X tons) and Finland (X tons), together achieving a 15% share of total exports.

Exports from Sweden increased at an average annual rate of +2.7% from 2012 to 2022. At the same time, Norway (+10.5%) and Finland (+2.3%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +10.5% from 2012-2022. While the share of Norway (+3.8 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Sweden (-3.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest shampoo, hair lacquer and other preparations supplier in Scandinavia, comprising 79% of total exports. The second position in the ranking was taken by Finland ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Sweden amounted to +5.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Finland (+4.7% per year) and Norway (+3.2% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, dropping by -9.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2017 an increase of 25% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2021, and then contracted in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per ton), while Sweden ($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 (+2.4%), while the other leaders experienced mixed trends in the export price figures.

Imports of Shampoos, Hair Lacquers And Other Preparations

Imports in Scandinavia

In 2022, overseas purchases of shampoos, hair lacquers and other preparations decreased by -3.3% to X tons for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +1.0% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 7.8%. The volume of import peaked at X tons in 2021, and then shrank slightly in the following year.

In value terms, imports of shampoos, hair lacquers and other preparations dropped to $X in 2022. The total import value increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 13%. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

Sweden represented the major importing country with an import of around X tons, which reached 58% of total imports. It was distantly followed by Norway (X tons) and Finland (X tons), together committing a 42% share of total imports.

Sweden experienced a relatively flat trend pattern with regard to volume of imports of shampoos, hair lacquers and other preparations. At the same time, Norway (+2.8%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +2.8% from 2012-2022. Finland experienced a relatively flat trend pattern. While the share of Norway (+3.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Sweden (-3.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In terms of the main importing countries, Finland, with a CAGR of +2.7%, recorded the highest rates of growth with regard to 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 2022, stabilizing at the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 8.3% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 (+1.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform