Western Africa: Shaving Preparations Market 2024

Shaving Preparations Market Size in Western Africa

In 2023, the West African shaving preparations market increased by X% to $X, rising for the fifth year in a row after two years of decline. The total consumption indicated a buoyant increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2018 indices. The level of consumption peaked in 2023 and is expected to retain growth in the immediate term.

Shaving Preparations Production in Western Africa

In value terms, shaving preparations production skyrocketed to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a strong increase. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, production attained the peak level in 2023 and is likely to continue growth in the near future.

Shaving Preparations Exports

Exports in Western Africa

In 2023, shipments abroad of pre-shave, shaving and after-shave preparations (excluding soap in blocks) was finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, the exports reached the peak of X tons. From 2021 to 2023, the growth of the exports failed to regain momentum.

In value terms, shaving preparations exports soared to $X in 2023. In general, exports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2020 with an increase of 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

Gambia dominates exports structure, accounting for X tons, which was near X% of total exports in 2023. Nigeria (X tons) held the second position in the ranking, followed by Cote d'Ivoire (X tons). All these countries together took near X% share of total exports.

Gambia was also the fastest-growing in terms of the pre-shave, shaving and after-shave preparations (excluding soap in blocks) exports, with a CAGR of X% from 2012 to 2023. At the same time, Cote d'Ivoire (X%) and Nigeria (X%) displayed positive paces of growth. From 2012 to 2023, the share of Gambia increased by X percentage points.

In value terms, Gambia ($X) emerged as the largest shaving preparations supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Gambia stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Cote d'Ivoire (X% per year) and Nigeria (X% per year).

Export Prices by Country

In 2023, the export price in Western Africa amounted to $X per ton, jumping by X% against the previous year. Overall, the export price, however, recorded a pronounced slump. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2023, the export prices remained at a somewhat lower figure.

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 Gambia ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Nigeria (X%), while the other leaders experienced mixed trends in the export price figures.

Shaving Preparations Imports

Imports in Western Africa

In 2023, approx. X tons of pre-shave, shaving and after-shave preparations (excluding soap in blocks) were imported in Western Africa; with a decrease of X% against the year before. Overall, imports showed a noticeable descent. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2023, the growth of imports failed to regain momentum.

In value terms, shaving preparations imports surged to $X in 2023. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, imports attained the peak of $X. From 2017 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, Nigeria (X tons) and Senegal (X tons) represented the major importers of pre-shave, shaving and after-shave preparations (excluding soap in blocks) in Western Africa, together constituting X% of total imports. Ghana (X tons) held the next position in the ranking, distantly followed by Cote d'Ivoire (X tons). All these countries together held approx. X% share of total imports. The following importers - Mali (X tons), Cabo Verde (X tons) and Benin (X tons) - each amounted to a X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Mali (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported pre-shave, shaving and after-shave preparations (excluding soap in blocks) in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Senegal ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with an X% share.

In Nigeria, shaving preparations imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Senegal (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

In 2023, the import price in Western Africa amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price posted a tangible expansion. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Nigeria (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform