ECOWAS: Shaving Preparations Market 2023

Shaving Preparations Market Size in ECOWAS

The ECOWAS shaving preparations market expanded remarkably to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption saw a buoyant expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Shaving Preparations Production in ECOWAS

In value terms, shaving preparations production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production saw prominent growth. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Shaving Preparations Exports

Exports in ECOWAS

In 2022, the amount of pre-shave, shaving and after-shave preparations (excluding soap in blocks) exported in ECOWAS reduced sharply to X tons, declining by X% compared with the previous year's figure. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, shaving preparations exports reduced remarkably to $X in 2022. Over the period under review, exports, however, showed a buoyant increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Senegal represented the largest exporting country with an export of about X tons, which accounted for X% of total exports. It was distantly followed by Nigeria (X tons), constituting a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Senegal (with a CAGR of X%).

In value terms, Senegal ($X) emerged as the largest shaving preparations supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Nigeria ($X), with a X% share of total exports.

In Senegal, shaving preparations exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price, however, recorded a deep downturn. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 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 Senegal ($X per ton), while Nigeria stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (X%).

Shaving Preparations Imports

Imports in ECOWAS

After two years of growth, supplies from abroad of pre-shave, shaving and after-shave preparations (excluding soap in blocks) decreased by X% to X tons in 2022. Over the period under review, imports, however, posted a measured expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, shaving preparations imports declined slightly to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Ghana (X tons) was the largest importer of pre-shave, shaving and after-shave preparations (excluding soap in blocks), making up X% of total imports. Nigeria (X tons) took the second position in the ranking, distantly followed by Senegal (X tons). All these countries together held approx. X% share of total imports. Cote d'Ivoire (X tons) took a relatively small share of total imports.

Ghana was also the fastest-growing in terms of the pre-shave, shaving and after-shave preparations (excluding soap in blocks) imports, with a CAGR of X% from 2012 to 2022. Cote d'Ivoire experienced a relatively flat trend pattern. Senegal (X%) and Nigeria (X%) illustrated a downward trend over the same period. While the share of Ghana (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Senegal (X p.p.) and Nigeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest shaving preparations importing markets in ECOWAS were Ghana ($X), Nigeria ($X) and Cote d'Ivoire ($X), together accounting for X% of total imports.

Ghana, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, recorded a mild downturn. The pace of growth was the most pronounced in 2014 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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