Report Update: May 1, 2024

Ghana - Beauty, Make-Up And Skin Care Preparations - Market Analysis, Forecast, Size, Trends And Insights

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Price for Beauty, Make-Up and Skin Care Preparations in Ghana - 2022

Price for Beauty, Make-Up and Skin Care Preparations in Ghana (CIF) - 2022

In 2022, the average import price for beauty, make-up and skin care preparations amounted to $2,851 per ton, surging by 2.9% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 8%. Over the period under review, average import prices attained the peak figure at $2,944 per ton in 2013; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($6,669 per ton), while the price for Nigeria ($1,968 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Beauty, Make-Up and Skin Care Preparations in Ghana (FOB) - 2022

In 2022, the average export price for beauty, make-up and skin care preparations amounted to $2,661 per ton, jumping by 26% against the previous year. Overall, the export price, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2015 an increase of 295% against the previous year. As a result, the export price reached the peak level of $7,415 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($3,339 per ton), while the average price for exports to Togo ($522 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 the UK (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Beauty, Make-Up and Skin Care Preparations in Ghana

In 2022, supplies from abroad of beauty, make-up and skin care preparations decreased by -0.3% to 24K tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +1.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 15%. As a result, imports attained the peak of 26K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of beauty, make-up and skin care preparations reached $68M in 2022. The total import value increased at an average annual rate of +5.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 22%. As a result, imports attained the peak of $70M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Beauty, Make-Up and Skin Care Preparations in Ghana (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Cote d'Ivoire	20.2	53.0	48.4	48.5	33.9%
Togo	4.0	4.3	3.0	2.7	-12.3%
Senegal	0.7	2.0	2.1	2.3	48.7%
Nigeria	2.3	0.1	0.4	1.9	-6.2%
Indonesia	2.2	1.0	1.0	1.7	-8.2%
South Africa	4.5	1.0	1.4	1.5	-30.7%
Spain	3.3	1.0	1.2	1.5	-23.1%
China	1.3	0.6	0.6	0.6	-22.7%
Others	18.9	6.9	8.6	7.6	-26.2%
Total	57.5	70.0	66.6	68.3	5.9%

Top Suppliers of Beauty, Make-Up and Skin Care Preparations to Ghana in 2022:

Cote d'Ivoire (18.2K tons)
Togo (0.9K tons)
Nigeria (0.9K tons)
South Africa (0.7K tons)
Senegal (0.7K tons)
Indonesia (0.6K tons)
Spain (0.6K tons)
China (0.3K tons)

Exports of Beauty, Make-Up and Skin Care Preparations in Ghana

In 2022, shipments abroad of beauty, make-up and skin care preparations decreased by -18.3% to 1.3K tons, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2020 with an increase of 76%. As a result, the exports reached the peak of 2.4K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of beauty, make-up and skin care preparations rose to $3.4M in 2022. The total export value increased at an average annual rate of +2.3% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 9.7% against the previous year. As a result, the exports reached the peak of $3.4M; afterwards, it flattened through to 2022.

Export of Beauty, Make-Up and Skin Care Preparations in Ghana (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Arab Emirates	17.9	56.2	158	2,578	424.2%
Mali	1,040	1,384	1,036	210	-41.3%
Cote d'Ivoire	129	410	553	161	7.7%
Togo	74.0	191	111	62.2	-5.6%
United Kingdom	17.3	158	161	43.6	36.1%
Nigeria	111	158	127	27.5	-37.2%
Burkina Faso	1,340	54.7	124	22.2	-74.5%
Niger	10.9	28.3	73.3	20.2	22.8%
Others	403	1,006	931	236	-16.3%
Total	3,143	3,447	3,274	3,360	2.3%

Top Export Markets for Beauty, Make-Up and Skin Care Preparations from Ghana in 2022:

United Arab Emirates (772.1 tons)
Cote d'Ivoire (129.6 tons)
Togo (119.2 tons)
Mali (90.9 tons)
Niger (31.4 tons)
United Kingdom (22.6 tons)
Nigeria (17.4 tons)
Burkina Faso (8.7 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for beauty, make-up and skin care preparations in Ghana. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20421500 - Beauty, make-up and skin care preparations including suntan (excluding medicaments, lip and eye make-up, manicure and pedicure preparations, powders for cosmetic use and talcum powder)

Country coverage:

Ghana

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ghana
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023