Nigeria: Market for Soap And Organic Surface-Active Products In Bars For Toilet Use 2024

Market Size for Soap And Organic Surface-Active Products In Bars For Toilet Use in Nigeria

The Nigerien market for soap and organic surface-active products in bars for toilet use rose significantly to $X in 2022, increasing by X% against the previous year. In general, the total consumption indicated a prominent increase 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 decreased by X% against 2020 indices. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Soap And Organic Surface-Active Products In Bars For Toilet Use in Nigeria

In value terms, production of soap and organic surface-active products in bars for toilet use rose significantly to $X in 2022 estimated in export price. Overall, the total production indicated a strong 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, production of reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Exports of Soap And Organic Surface-Active Products In Bars For Toilet Use

Exports from Nigeria

In 2022, shipments abroad of soap and organic surface-active products in bars for toilet use increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports of hit record highs at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, exports of soap and organic surface-active products in bars for toilet use soared to $X in 2022. Over the period under review, exports recorded tangible growth. The pace of growth was the most pronounced in 2013 when exports increased by X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Ghana (X tons) was the main destination for exports of soap and organic surface-active products in bars for toilet use from Nigeria, accounting for a X% share of total exports. Moreover, exports of soap and organic surface-active products in bars for toilet use to Ghana exceeded the volume sent to the second major destination, Senegal (X tons), eightfold. Uganda (X tons) ranked third in terms of total exports with a X% share.

From 2012 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: Senegal (X% per year) and Uganda (X% per year).

In value terms, Ghana ($X) remains the key foreign market for soap and organic surface-active products in bars for toilet use exports from Nigeria, comprising X% of total exports. The second position in the ranking was taken by Uganda ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Ghana totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (X% per year) and the United States (X% per year).

Export Prices by Country

The average export price for soap and organic surface-active products in bars for toilet use stood at $X per ton in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 the UK ($X per ton), while the average price for exports to Senegal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Soap And Organic Surface-Active Products In Bars For Toilet Use

Imports into Nigeria

In 2022, purchases abroad of soap and organic surface-active products in bars for toilet use decreased by X% to X tons, falling for the third year in a row after two years of growth. In general, imports showed a dramatic descent. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of soap and organic surface-active products in bars for toilet use surged to $X in 2022. Overall, imports continue to indicate a sharp decrease. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), the United Arab Emirates (X tons) and Malaysia (X tons) were the main suppliers of imports of soap and organic surface-active products in bars for toilet use to Nigeria, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest soap in bars for toilet use suppliers to Nigeria were China ($X), India ($X) and the United Arab Emirates ($X), together accounting for X% of total imports.

India, with a CAGR of X.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for soap and organic surface-active products in bars for toilet use stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price posted moderate growth. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 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 India ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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