Period 2007-2019
Shampoo Market Overview in Belgium |
Market Overview
In 2019, the Belgian shampoo market increased by 
% to $, rising for the fourth year in a row after two years of decline. The market value increased at an average annual rate of +% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of % against the previous year. Shampoo consumption peaked in 2019 and is expected to retain growth in years to come.
In value terms, shampoo production reached $ in 2019 estimated in export prices. In general, production enjoyed strong growth. The most prominent rate of growth was recorded in 2015 with an increase of % year-to-year. Over the period under review, production attained the maximum level in 2019 and is likely to see gradual growth in the immediate term.
% to $, rising for the fourth year in a row after two years of decline. The market value increased at an average annual rate of +% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of % against the previous year. Shampoo consumption peaked in 2019 and is expected to retain growth in years to come.In value terms, shampoo production reached $
in 2019 estimated in export prices. In general, production enjoyed strong growth. The most prominent rate of growth was recorded in 2015 with an increase of % year-to-year. Over the period under review, production attained the maximum level in 2019 and is likely to see gradual growth in the immediate term.Consumption
For the fifth year in a row, Belgium recorded growth in consumption of shampoos, which increased by % to tonnes in 2019. Overall, the total consumption indicated a noticeable expansion from 2007 to 2019: its volume increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +% against 2008 indices. The most prominent rate of growth was recorded in 2013 with an increase of % y-o-y. Over the period under review, consumption hit record highs in 2019 and is likely to see gradual growth in the immediate term.
The value of the shampoo market in Belgium stood at $ in 2019, leveling off at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when the market value increased by % y-o-y. Shampoo consumption peaked in 2019 and is likely to see gradual growth in years to come.
% to tonnes in 2019. Overall, the total consumption indicated a noticeable expansion from 2007 to 2019: its volume increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +% against 2008 indices. The most prominent rate of growth was recorded in 2013 with an increase of % y-o-y. Over the period under review, consumption hit record highs in 2019 and is likely to see gradual growth in the immediate term.The value of the shampoo market in Belgium stood at $
in 2019, leveling off at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when the market value increased by % y-o-y. Shampoo consumption peaked in 2019 and is likely to see gradual growth in years to come.Market Forecast
Driven by increasing demand for shampoo in Belgium, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .
% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in Belgium increased significantly over the last twelve years (from % to %).
% to %).Trade Balance
Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
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