The hair shampoo market in Montenegro showed volatility over the past decade with a notable decline in 2015 and 2017. Recent years indicate a consistent downward trend, with the market standing at 7.1083 million US dollars in 2023, a decrease from previous years. The year-on-year variation for 2022-2023 was a 0.98% decrease, while the five-year CAGR was -0.44%, reflecting a steady decline in market size.
Future trends to watch for include potential market stabilization and growth driven by rising consumer interest in premium and organic products, increased demand for sustainable packaging, and potential market expansion through online channels.
How does Montenegro rank in Hair Shampoos Market Size Value?
| # | 61 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Finland | 173,650,000,000 | 2023 | +48.25% | +385.32% | View data |
| 2 | 2 United States | 4,244,800,000 | 2023 | +2.55% | +2.58% | View data |
| 3 | 3 Japan | 1,234,400,000 | 2023 | +0.048% | -0.38% | View data |
| 4 | 4 United Kingdom | 1,211,600,000 | 2023 | +1.44% | +1.51% | View data |
| 5 | 5 France | 989,840,000 | 2023 | -0.21% | +1.7% | View data |
| 56 | 56 Iceland | 11,558,000 | 2023 | +1.64% | +1.8% | View data |
| 57 | 57 Namibia | 7,527,200 | 2023 | -0.071% | +0.12% | View data |
| 58 | 58 Montenegro | 7,108,300 | 2023 | -0.98% | -0.44% | |
| 59 | 59 Jamaica | 5,170,200 | 2023 | -0.18% | -0.012% | View data |
| 60 | 60 Malta | 4,813,400 | 2023 | +0.98% | +0.12% | View data |
