Between 2012 and 2022, the market size value per capita of hair lacquers in Spain showed a steady decline, decreasing from 1.69 to 0.99 in Percent US Dollars. The year-on-year variations indicate a mix of decline and minor recovery phases within this period. For instance, the market value decreased by approximately 11% from 2012 to 2013 and continued to decline with intermittent minor recoveries in 2016 and 2018. Over the last five years, from 2017 to 2022, the market experienced an average annual decline of about 2.1%.
In 2023, the market stood at similar levels as 2022, suggesting a potential stabilization. However, the last two years saw a small decrease from 1.04 in 2021 to 0.99 in 2022, indicating a recent decline of approximately 2.4% year-over-year.
Future trends to watch for include potential shifts in consumer preferences towards eco-friendly and organic products, which may drive market values upward. Moreover, innovations in hair care formulations and alterations in distribution channels, especially with the rise of e-commerce, could impact the market dynamics significantly.
