Western Africa: Shaving Preparations Market 2023

Shaving Preparations Market Size in Western Africa

The West African shaving preparations market expanded remarkably to $X in 2022, surging by X% against the previous year. Over the period under review, consumption posted a strong 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 Western Africa

In value terms, shaving preparations production reached $X in 2022 estimated in export price. In general, production saw a buoyant increase. The growth pace was the most rapid in 2020 when the production volume increased by X%. 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 Western Africa

For the fifth consecutive year, Western Africa recorded decline in shipments abroad of pre-shave, shaving and after-shave preparations (excluding soap in blocks), which decreased by X% to X tons in 2022. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, shaving preparations exports declined sharply to $X in 2022. Over the period under review, exports, however, posted a prominent expansion. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Senegal (X tons) represented the major exporter of pre-shave, shaving and after-shave preparations (excluding soap in blocks), creating X% of total exports. It was distantly followed by Nigeria (X tons), committing a X% share of total exports.

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

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

From 2012 to 2022, the average annual rate of growth in terms of value in Senegal totaled X%.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price, however, faced a abrupt decrease. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, the export price attained 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 Western Africa

In 2022, supplies from abroad of pre-shave, shaving and after-shave preparations (excluding soap in blocks) decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, enjoyed a measured increase. The most prominent rate of growth was recorded 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 remained at a somewhat lower figure.

In value terms, shaving preparations imports reduced slightly to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Ghana represented the largest importer of pre-shave, shaving and after-shave preparations (excluding soap in blocks) in Western Africa, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. Nigeria (X tons) ranks second in terms of the total imports with a X% share, followed by Senegal (X%). Cote d'Ivoire (X tons) held a minor 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, Ghana ($X), Nigeria ($X) and Cote d'Ivoire ($X) constituted the countries with the highest levels of imports in 2022, together comprising 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 Western Africa amounted to $X per ton, surging by X% against the previous year. Overall, the import price, however, continues to indicate a slight decline. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per ton in 2016; however, from 2017 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 ($X per ton), while Ghana ($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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