Nigeria - Beauty, Make-Up And Skin Care Preparations - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Beauty, Make-Up and Skin Care Preparations in Nigeria - 2022
Contents:
- Price for Beauty, Make-Up and Skin Care Preparations in Nigeria (CIF) - 2022
- Price for Beauty, Make-Up and Skin Care Preparations in Nigeria (FOB) - 2022
- Imports of Beauty, Make-Up and Skin Care Preparations in Nigeria
- Exports of Beauty, Make-Up and Skin Care Preparations in Nigeria
Price for Beauty, Make-Up and Skin Care Preparations in Nigeria (CIF) - 2022
The average import price for beauty, make-up and skin care preparations stood at $1,111 per ton in 2022, with a decrease of -23% against the previous year. In general, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the average import price increased by 59% against the previous year. Over the period under review, average import prices hit record highs at $1,452 per ton in 2015; however, from 2016 to 2022, import prices remained at a 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 Brazil ($11,151 per ton), while the price for Togo ($663 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+31.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Beauty, Make-Up and Skin Care Preparations in Nigeria (FOB) - 2022
The average export price for beauty, make-up and skin care preparations stood at $3,948 per ton in 2022, increasing by 91% against the previous year. Over the period under review, the export price, however, saw a deep slump. The pace of growth appeared the most rapid in 2020 an increase of 210%. The export price peaked at $19,133 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Libya ($5,675 per ton), while the average price for exports to the United States ($603 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 Guinea (+105.2%), while the prices for the other major destinations experienced a decline.
Imports of Beauty, Make-Up and Skin Care Preparations in Nigeria
Imports of beauty, make-up and skin care preparations into Nigeria skyrocketed to 17K tons in 2022, picking up by 53% compared with the previous year. Overall, imports showed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 243%. As a result, imports reached the peak of 28K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of beauty, make-up and skin care preparations surged to $19M in 2022. Over the period under review, imports recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of 324%. As a result, imports reached the peak of $36M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
Import of Beauty, Make-Up and Skin Care Preparations in Nigeria (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Cote d'Ivoire | 3.5 | 17.1 | 6.6 | 9.4 | 39.0% |
China | 1.5 | 9.2 | 1.9 | 3.2 | 28.7% |
Togo | N/A | 0.1 | N/A | 1.7 | 312.3% |
France | 0.1 | 0.2 | 0.1 | 0.8 | 100.0% |
Others | 3.4 | 9.0 | 7.5 | 3.8 | 3.8% |
Total | 8.4 | 35.6 | 16.1 | 19.0 | 31.3% |
Top Suppliers of Beauty, Make-Up and Skin Care Preparations to Nigeria in 2022:
- Cote d'Ivoire (10.6K tons)
- Togo (2.6K tons)
- China (2.0K tons)
- France (0.5K tons)
Exports of Beauty, Make-Up and Skin Care Preparations in Nigeria
In 2022, shipments abroad of beauty, make-up and skin care preparations decreased by -3.9% to 666 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 482% against the previous year.
In value terms, exports of beauty, make-up and skin care preparations soared to $2.6M in 2022. In general, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 1,702% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in years to come.
Export of Beauty, Make-Up and Skin Care Preparations in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ghana | N/A | 63.3 | 439 | 1,703 | 418.7% |
Congo | N/A | N/A | 87.3 | 343 | 292.9% |
Libya | N/A | 263 | 652 | 305 | 7.7% |
Mali | N/A | N/A | N/A | 176 | 0% |
Namibia | N/A | N/A | N/A | 50.8 | 0% |
Angola | N/A | N/A | 46.4 | 23.3 | -49.8% |
United States | N/A | N/A | N/A | 11.4 | 0% |
Haiti | N/A | 6.1 | N/A | N/A | 0% |
Kenya | 10.9 | N/A | N/A | N/A | 0% |
Democratic Republic of the Congo | N/A | N/A | 185 | N/A | 0% |
Others | 10.1 | 46.2 | 18.9 | 15.0 | 14.1% |
Total | 21.0 | 379 | 1,429 | 2,628 | 400.2% |
Top Export Markets for Beauty, Make-Up and Skin Care Preparations from Nigeria in 2022:
- Ghana (316.4 tons)
- Congo (121.7 tons)
- Mali (97.5 tons)
- Libya (53.7 tons)
- Angola (29.7 tons)
- Namibia (24.7 tons)
- United States (18.9 tons)
This report provides an in-depth analysis of the market for beauty, make-up and skin care preparations in Nigeria. 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:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the market for beauty, make-up and skin care preparations in Nigeria.
This report provides an in-depth analysis of the cosmetics market in Nigeria.
This report provides an in-depth analysis of the eye make-up preparations market in Nigeria.
This report provides an in-depth analysis of the lip make-up preparations market in Nigeria.
This report provides an in-depth analysis of the market for manicure or pedicure preparations in Nigeria.
This report provides an in-depth analysis of the market for talcum and cosmetic powder in Nigeria.
This report provides an in-depth analysis of the global market for beauty, make-up and skin care preparations.
This report provides an in-depth analysis of the global cosmetics market.
This report provides an in-depth analysis of the global eye make-up preparations market.
This report provides an in-depth analysis of the global lip make-up preparations market.
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