Western Africa: Safety Razor Blade Market 2024

Safety Razor Blade Market Size in Western Africa

The West African safety razor blade market expanded remarkably to $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Safety Razor Blade Production in Western Africa

In value terms, safety razor blade production reduced to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by X%. The level of production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Safety Razor Blade Exports

Exports in Western Africa

In 2022, the amount of safety razor blades exported in Western Africa soared to X units, surging by X% on the previous year. Over the period under review, exports recorded strong growth. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, safety razor blade exports skyrocketed to $X in 2022. Overall, exports recorded a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, the exports reached the peak of $X; afterwards, it flattened through to 2022.

Exports by Country

Senegal dominates exports structure, reaching X units, which was near X% of total exports in 2022. It was distantly followed by Ghana (X units), generating a X% share of total exports. Nigeria (X units), Burkina Faso (X units) and Mali (X units) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to safety razor blade exports from Senegal stood at X%. At the same time, Mali (X%) and Nigeria (X%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. Burkina Faso experienced a relatively flat trend pattern. By contrast, Ghana (X%) illustrated a downward trend over the same period. While the share of Senegal (X p.p.) and Nigeria (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Burkina Faso (X p.p.) and Ghana (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X) remains the largest safety razor blade supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Mali ($X), with a X% share of total exports. It was followed by Ghana, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Senegal stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Mali (X% per year) and Ghana (X% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, surging by X% against the previous year. Overall, the export price enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Senegal ($X per unit), while Nigeria (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (X%), while the other leaders experienced mixed trends in the export price figures.

Safety Razor Blade Imports

Imports in Western Africa

In 2022, the amount of safety razor blades imported in Western Africa surged to X units, picking up by X% compared with the previous year. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, safety razor blade imports shrank to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Nigeria represented the main importer of safety razor blades in Western Africa, with the volume of imports finishing at X units, which was near X% of total imports in 2022. Ghana (X units) took the second position in the ranking, followed by Senegal (X units). All these countries together held approx. X% share of total imports. Cote d'Ivoire (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to safety razor blade imports into Nigeria stood at X%. At the same time, Senegal (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Ghana (X%) illustrated a downward trend over the same period. Nigeria (X p.p.) and Senegal (X p.p.) significantly strengthened its position in terms of the total imports, while Ghana saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported safety razor blades in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with a X% share of total imports. It was followed by Senegal, with a X% share.

In Nigeria, safety razor blade imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (X% per year) and Senegal (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per thousand units, falling by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of X%. As a result, import price reached the peak level of $X per thousand units. From 2017 to 2022, the import prices remained at a somewhat lower figure.

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 Ghana ($X per thousand units), while Cote d'Ivoire ($X per thousand units) 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 mixed trends in the import price figures.

Source: IndexBox Platform

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