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

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

The West African market for preparations for permanent waving or straightening of hair rose markedly to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Preparations For Permanent Waving Or Straightening Of Hair in Western Africa

In value terms, hair waving or straightening preparations production amounted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a mild descent. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Preparations For Permanent Waving Or Straightening Of Hair

Exports in Western Africa

In 2022, after two years of growth, there was significant decline in shipments abroad of preparations for permanent waving or straightening of hair, when their volume decreased by X% to X tons. In general, exports saw a perceptible curtailment. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, hair waving or straightening preparations exports fell to $X in 2022. Over the period under review, exports saw a perceptible decline. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Cote d'Ivoire prevails in exports structure, accounting for X tons, which was near X% of total exports in 2022. Nigeria (X tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to hair waving or straightening preparations exports from Cote d'Ivoire stood at X%. At the same time, Nigeria (X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. Nigeria (X p.p.) significantly strengthened its position in terms of the total exports, while Cote d'Ivoire saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Cote d'Ivoire ($X) remains the largest hair waving or straightening preparations supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Nigeria ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Cote d'Ivoire amounted to X%.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2012; afterwards, it flattened through to 2022.

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 Nigeria ($X per ton), while Cote d'Ivoire totaled $X per ton.

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

Imports of Preparations For Permanent Waving Or Straightening Of Hair

Imports in Western Africa

In 2022, overseas purchases of preparations for permanent waving or straightening of hair decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021, and then declined in the following year.

In value terms, hair waving or straightening preparations imports shrank to $X in 2022. In general, imports recorded a mild decrease. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Ghana (X tons) and Mali (X tons) represented roughly X% of total imports in 2022. Benin (X tons) held the next position in the ranking, followed by Sierra Leone (X tons), Burkina Faso (X tons), Liberia (X tons) and Guinea (X tons). All these countries together took approx. X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Benin (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X) constitutes the largest market for imported preparations for permanent waving or straightening of hair in Western Africa, comprising X% of total imports. The second position in the ranking was held by Sierra Leone ($X), with a X% share of total imports. It was followed by Mali, with a X% share.

In Ghana, hair waving or straightening preparations imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Sierra Leone (X% per year) and Mali (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, dropping by X% against the previous year. Overall, the import price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Sierra Leone ($X per ton), while Benin ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :