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

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

In 2022, after four years of growth, there was decline in the Bulgarian market for shampoos, hair lacquers and other preparations, when its value decreased by X% to $X. Over the period under review, consumption saw a slight setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Shampoos, Hair Lacquers And Other Preparations in Bulgaria

In value terms, production of shampoos, hair lacquers and other preparations expanded modestly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Production of peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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Exports of Shampoos, Hair Lacquers And Other Preparations

Exports from Bulgaria

For the fourth year in a row, Bulgaria recorded growth in shipments abroad of shampoos, hair lacquers and other preparations, which increased by X% to X tons in 2022. In general, exports, however, recorded a noticeable downturn. The pace of growth was the most pronounced in 2019 when exports increased by X%. Over the period under review, the exports of hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of shampoos, hair lacquers and other preparations expanded sharply to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Russia (X tons), the Netherlands (X tons) and Ukraine (X tons) were the main destinations of exports of shampoos, hair lacquers and other preparations from Bulgaria, with a combined X% share of total exports. Libya, the UK, Romania, Italy, Georgia, Armenia, Iraq, Greece, Germany and Hungary lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for shampoo, hair lacquer and other preparations exported from Bulgaria were Russia ($X), the Netherlands ($X) and the UK ($X), together comprising X% of total exports. Georgia, Romania, Ukraine, Libya, Armenia, Italy, Greece, Hungary, Germany and Iraq lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Germany, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average export price for shampoos, hair lacquers and other preparations stood at $X per ton in 2022, remaining constant against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Georgia ($X per ton), while the average price for exports to Iraq ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Shampoos, Hair Lacquers And Other Preparations

Imports into Bulgaria

For the fifth consecutive year, Bulgaria recorded growth in overseas purchases of shampoos, hair lacquers and other preparations, which increased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of X%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of shampoos, hair lacquers and other preparations rose to $X in 2022. In general, total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2015 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Germany (X tons), Italy (X tons) and Turkey (X tons) were the main suppliers of imports of shampoos, hair lacquers and other preparations to Bulgaria, with a combined X% share of total imports. Romania, Poland, France, Greece, Hungary, Belgium, Croatia, Slovenia, Spain and the Netherlands lagged somewhat behind, together comprising a further X%.

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

In value terms, Germany ($X), Italy ($X) and Romania ($X) were the largest shampoo, hair lacquer and other preparations suppliers to Bulgaria, with a combined X% share of total imports. Poland, France, Turkey, Croatia, Greece, the Netherlands, Belgium, Spain, Hungary and Slovenia lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Croatia, with a CAGR of X%, recorded 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

In 2022, the average import price for shampoos, hair lacquers and other preparations amounted to $X per ton, leveling off at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then declined slightly in the following year.

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

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

Source: IndexBox Platform

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