SADC: Market for Hair Lotion and Preparation 2024

Market Size for Hair Lotion and Preparation in SADC

In 2023, after three years of growth, there was decline in the SADC hair lotion and preparation market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2017; however, from 2018 to 2023, consumption remained at a lower figure.

Production of Hair Lotion and Preparation in SADC

In value terms, hair lotion and preparation production rose modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2023, production remained at a lower figure.

Exports of Hair Lotion and Preparation

Exports in SADC

Hair lotion and preparation exports rose markedly to X tons in 2023, with an increase of X% compared with the previous year's figure. In general, exports, however, continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports failed to regain momentum.

In value terms, hair lotion and preparation exports contracted modestly to $X in 2023. Overall, exports, however, recorded a mild decline. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

Exports by Country

South Africa prevails in exports structure, reaching X tons, which was near X% of total exports in 2023. Tanzania (X tons) followed a long way behind the leaders.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2023. At the same time, Tanzania (X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Tanzania increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest hair lotion and preparation supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Tanzania ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in South Africa stood at X%.

Export Prices by Country

In 2023, the export price in SADC amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then contracted in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Tanzania amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Tanzania (X%).

Imports of Hair Lotion and Preparation

Imports in SADC

In 2023, supplies from abroad of hair lotion and preparation decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2023, imports remained at a lower figure.

In value terms, hair lotion and preparation imports shrank slightly to $X in 2023. Over the period under review, imports saw a mild setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2023, imports remained at a lower figure.

Imports by Country

South Africa represented the major importer of hair lotion and preparation in SADC, with the volume of imports recording X tons, which was approx. X% of total imports in 2023. Tanzania (X tons) held the second position in the ranking, followed by Angola (X tons), Zambia (X tons), Namibia (X tons), Botswana (X tons), Mauritius (X tons) and Mozambique (X tons). All these countries together held near X% share of total imports.

South Africa experienced a relatively flat trend pattern with regard to volume of imports of hair lotion and preparation. At the same time, Zambia (X%) and Mozambique (X%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2023. Mauritius and Namibia experienced a relatively flat trend pattern. By contrast, Botswana (X%), Tanzania (X%) and Angola (X%) illustrated a downward trend over the same period. Zambia (X p.p.) and Mozambique (X p.p.) significantly strengthened its position in terms of the total imports, while Tanzania and Angola saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported hair lotion and preparation in SADC, comprising X% of total imports. The second position in the ranking was held by Mauritius ($X), with a X% share of total imports. It was followed by Namibia, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in South Africa totaled X%. In the other countries, the average annual rates were as follows: Mauritius (X% per year) and Namibia (X% per year).

Import Prices by Country

In 2023, the import price in SADC amounted to $X per ton, leveling off at the previous year. In general, the import price, however, showed a mild curtailment. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Mauritius ($X per ton), while Zambia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mozambique (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform