ECOWAS: Market for Non-Soap Washing and Cleaning Preparations 2024

Market Size for Non-Soap Washing and Cleaning Preparations in ECOWAS

The ECOWAS market for non-soap washing and cleaning preparations dropped to $X in 2022, flattening at the previous year. The total consumption indicated a modest expansion 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, consumption increased by X% against 2013 indices. The level of consumption peaked at $X in 2021, and then fell modestly in the following year.

Production of Non-Soap Washing and Cleaning Preparations in ECOWAS

In value terms, non-soap washing and cleaning preparations production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Exports of Non-Soap Washing and Cleaning Preparations

Exports in ECOWAS

Non-soap washing and cleaning preparations exports declined to X tons in 2022, which is down by X% against the previous year. In general, exports showed a pronounced slump. The pace of growth was the most pronounced in 2016 with an increase of X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, non-soap washing and cleaning preparations exports shrank to $X in 2022. Over the period under review, exports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Senegal represented the main exporter of non-soap washing and cleaning preparations in ECOWAS, with the volume of exports amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by Nigeria (X tons), Ghana (X tons) and Cote d'Ivoire (X tons), together generating a X% share of total exports. Togo (X tons) followed a long way behind the leaders.

Exports from Senegal increased at an average annual rate of X% from 2012 to 2022. At the same time, Ghana (X%) and Togo (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Nigeria (X%) and Cote d'Ivoire (X%) illustrated a downward trend over the same period. While the share of Senegal (X p.p.), Ghana (X p.p.) and Togo (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Nigeria (X p.p.) and Cote d'Ivoire (X p.p.) displayed negative dynamics.

In value terms, Senegal ($X) remains the largest non-soap washing and cleaning preparations supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Nigeria ($X), with a X% share of total exports. It was followed by Cote d'Ivoire, with an X% share.

In Senegal, non-soap washing and cleaning preparations exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Nigeria (X% per year) and Cote d'Ivoire (X% per year).

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price recorded a abrupt downturn. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (X%), while the other leaders experienced a decline in the export price figures.

Imports of Non-Soap Washing and Cleaning Preparations

Imports in ECOWAS

In 2022, purchases abroad of non-soap washing and cleaning preparations increased by X% to X tons, rising for the sixth year in a row after three years of decline. Total imports indicated strong growth from 2012 to 2022: its volume 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 2016 indices. The pace of growth appeared the most rapid in 2017 when imports increased by X%. The volume of import peaked in 2022 and is likely to see steady growth in the near future.

In value terms, non-soap washing and cleaning preparations imports declined slightly to $X in 2022. Total imports indicated notable 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 2016 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2021, and then shrank slightly in the following year.

Imports by Country

Ghana was the main importing country with an import of around X tons, which finished at X% of total imports. Cote d'Ivoire (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Nigeria (X%), Togo (X%), Guinea (X%), Burkina Faso (X%), Gambia (X%) and Mali (X%).

Imports into Ghana increased at an average annual rate of X% from 2012 to 2022. At the same time, Cote d'Ivoire (X%), Guinea (X%), Gambia (X%), Burkina Faso (X%), Mali (X%) and Nigeria (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Togo (X%) illustrated a downward trend over the same period. While the share of Cote d'Ivoire (X p.p.), Guinea (X p.p.), Gambia (X p.p.) and Burkina Faso (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Nigeria (X p.p.) and Togo (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest non-soap washing and cleaning preparations importing markets in ECOWAS were Ghana ($X), Cote d'Ivoire ($X) and Nigeria ($X), together comprising X% of total imports. Guinea, Gambia, Mali, Togo and Burkina Faso lagged somewhat behind, together comprising a further X%.

Guinea, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the import price showed a perceptible contraction. The growth pace was the most rapid in 2020 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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