Serbia: Market for Hair Lotion and Preparation 2024

Market Size for Hair Lotion and Preparation in Serbia

The Serbian hair lotion and preparation market declined to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2021, and then declined in the following year.

Production of Hair Lotion and Preparation in Serbia

In value terms, hair lotion and preparation production surged to $X in 2022 estimated in export price. In general, production recorded a noticeable curtailment. Hair lotion and preparation production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Hair Lotion and Preparation

Exports from Serbia

In 2022, the amount of hair lotion and preparation exported from Serbia soared to X tons, jumping by X% compared with the previous year. Over the period under review, exports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, hair lotion and preparation exports skyrocketed to $X in 2022. In general, exports showed prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Bosnia and Herzegovina (X tons), Montenegro (X tons) and Spain (X tons) were the main destinations of hair lotion and preparation exports from Serbia, with a combined X% share of total exports. Russia, North Macedonia, Lithuania, the Netherlands, Croatia, Bulgaria, Romania, Turkey and the Czech Republic lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bosnia and Herzegovina ($X) remains the key foreign market for hair lotion and preparation exports from Serbia, comprising X% of total exports. The second position in the ranking was taken by North Macedonia ($X), with an X% share of total exports. It was followed by Montenegro, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bosnia and Herzegovina stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (X% per year) and Montenegro (X% per year).

Export Prices by Country

The average hair lotion and preparation export price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then contracted in the following year.

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

Imports of Hair Lotion and Preparation

Imports into Serbia

Hair lotion and preparation imports into Serbia contracted slightly to X tons in 2022, waning by X% compared with the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then shrank in the following year.

In value terms, hair lotion and preparation imports fell slightly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of X%. Imports peaked at $X in 2021, and then dropped slightly in the following year.

Imports by Country

Italy (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of hair lotion and preparation imports to Serbia, with a combined X% share of total imports. Slovenia, France, Hungary, Belgium, Bulgaria and Spain lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hair lotion and preparation suppliers to Serbia were Italy ($X), Germany ($X) and Slovenia ($X), together accounting for X% of total imports. Poland, France, Belgium, Spain, Bulgaria and Hungary lagged somewhat behind, together comprising a further X%.

Hungary, with a CAGR of X%, saw 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

In 2022, the average hair lotion and preparation import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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