Nigeria: Market for Preparations For Permanent Waving Or Straightening Of Hair 2024

Market Size for Preparations For Permanent Waving Or Straightening Of Hair in Nigeria

The Nigerien market for preparations for permanent waving or straightening of hair stood at $X in 2022, rising by X% against the previous year. In general, consumption recorded a relatively flat trend pattern. Hair waving or straightening preparations consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Preparations For Permanent Waving Or Straightening Of Hair in Nigeria

In value terms, hair waving or straightening preparations production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Exports of Preparations For Permanent Waving Or Straightening Of Hair

Exports from Nigeria

After two years of growth, overseas shipments of preparations for permanent waving or straightening of hair decreased by X% to X tons in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then shrank rapidly in the following year.

In value terms, hair waving or straightening preparations exports reduced to $X in 2022. In general, exports, however, showed significant growth. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

Ghana (X tons) was the main destination for hair waving or straightening preparations exports from Nigeria, with a X% share of total exports. Moreover, hair waving or straightening preparations exports to Ghana exceeded the volume sent to the second major destination, Cote d'Ivoire (X tons), fivefold.

From 2013 to 2022, the average annual rate of growth in terms of volume to Ghana stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (X% per year) and South Africa (X% per year).

In value terms, Ghana ($X) emerged as the key foreign market for preparations for permanent waving or straightening of hair exports from Nigeria, comprising X% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of value to Ghana stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (X% per year) and South Africa (X% per year).

Export Prices by Country

In 2022, the average export price for preparations for permanent waving or straightening of hair amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price enjoyed a pronounced increase. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Ghana ($X per ton), while the average price for exports to South Africa ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (X%), while the prices for the other major destinations experienced a decline.

Imports of Preparations For Permanent Waving Or Straightening Of Hair

Imports into Nigeria

In 2022, supplies from abroad of preparations for permanent waving or straightening of hair increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, showed a drastic downturn. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, hair waving or straightening preparations imports surged to $X in 2022. Over the period under review, imports, however, saw a deep downturn. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

South Africa (X tons), Cote d'Ivoire (X tons) and the United States (X kg) were the main suppliers of hair waving or straightening preparations imports to Nigeria, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for South Africa (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Cote d'Ivoire ($X) constituted the largest supplier of preparations for permanent waving or straightening of hair to Nigeria, comprising X% of total imports. The second position in the ranking was held by South Africa ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Cote d'Ivoire was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and the UK (X% per year).

Import Prices by Country

The average import price for preparations for permanent waving or straightening of hair stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by X%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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