U.S.: Market for Shampoos, Hair Lacquers And Other Preparations 2024

Market Size for Shampoos, Hair Lacquers And Other Preparations in the U.S.

In 2022, the U.S. market for shampoos, hair lacquers and other preparations increased by 2.1% to $X, rising for the fourth consecutive year after three years of decline. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Consumption of peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Production of Shampoos, Hair Lacquers And Other Preparations in the U.S.

In value terms, production of shampoos, hair lacquers and other preparations contracted to $X in 2022. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 31% against the previous year. Over the period under review, production of attained the peak level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Exports of Shampoos, Hair Lacquers And Other Preparations

Exports from the U.S.

In 2022, overseas shipments of shampoos, hair lacquers and other preparations increased by 0.7% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a pronounced setback. The growth pace was the most rapid in 2014 when exports increased by 4.2%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of shampoos, hair lacquers and other preparations rose notably to $X in 2022. The total export value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X tons) was the main destination for exports of shampoos, hair lacquers and other preparations from the United States, with a 36% share of total exports. Moreover, exports of shampoos, hair lacquers and other preparations to Canada exceeded the volume sent to the second major destination, the UK (X tons), fourfold. The Netherlands (X tons) ranked third in terms of total exports with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada totaled -4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+0.6% per year) and the Netherlands (+3.4% per year).

In value terms, Canada ($X) remains the key foreign market for shampoos, hair lacquers and other preparations exports from the United States, comprising 37% of total exports. The second position in the ranking was taken by the UK ($X), with a 9.4% share of total exports. It was followed by the Netherlands, with a 6% share.

From 2012 to 2022, the average annual growth rate of value to Canada totaled +1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+4.7% per year) and the Netherlands (+8.4% per year).

Export Prices by Country

In 2022, the average export price for shampoos, hair lacquers and other preparations amounted to $X per ton, rising by 9% against the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for shampoos, hair lacquers and other preparations increased by +71.0% against 2017 indices. The pace of growth appeared the most rapid in 2020 an increase of 38% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Shampoos, Hair Lacquers And Other Preparations

Imports into the U.S.

For the third consecutive year, the United States recorded growth in purchases abroad of shampoos, hair lacquers and other preparations, which increased by 12% to X tons in 2022. The total import volume increased at an average annual rate of +5.8% over the period 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 2021 with an increase of 20% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of shampoos, hair lacquers and other preparations soared to $X in 2022. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 21% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

Canada (X tons), Mexico (X tons) and China (X tons) were the main suppliers of imports of shampoos, hair lacquers and other preparations to the United States, with a combined 68% share of total imports. Italy, Germany, Spain, Turkey, the UK, Israel, India, Greece, South Korea and France lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Greece (with a CAGR of +56.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest shampoo, hair lacquer and other preparations suppliers to the United States were Canada ($X), Mexico ($X) and Italy ($X), with a combined 57% share of total imports. Israel, China, Germany, South Korea, the UK, Spain, France, Greece, India and Turkey lagged somewhat behind, together comprising a further 32%.

Greece, with a CAGR of +65.4%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for shampoos, hair lacquers and other preparations stood at $X per ton in 2022, picking up by 3.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2018 an increase of 6.8%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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