Africa: Cosmetics Market 2024

Cosmetics Market Size in Africa

The African cosmetics market amounted 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; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Cosmetics Production in Africa

In value terms, cosmetics production rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Cosmetics Exports

Exports in Africa

Cosmetics exports totaled X tons in 2022, surging by X% compared with the previous year's figure. Total exports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, cosmetics exports totaled $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

In 2022, Cote d'Ivoire (X tons) and South Africa (X tons) were the key exporters of cosmetics in Africa, together reaching approx. X% of total exports. Togo (X tons) took the next position in the ranking, followed by Senegal (X tons) and Tanzania (X tons). All these countries together took approx. X% share of total exports. Kenya (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Tanzania (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Cote d'Ivoire ($X) and Togo ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Senegal, Tanzania and Kenya lagged somewhat behind, together accounting for a further X%.

Tanzania, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, declining by X% against the previous year. Overall, the export price saw a mild slump. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Tanzania ($X per ton) 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 a decline in the export price figures.

Cosmetics Imports

Imports in Africa

In 2022, after five years of growth, there was decline in overseas purchases of cosmetics, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then shrank in the following year.

In value terms, cosmetics imports dropped slightly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

South Africa (X tons) and Ghana (X tons) represented roughly X% of total imports in 2022. Nigeria (X tons) took the next position in the ranking, followed by Burkina Faso (X tons), Angola (X tons) and Algeria (X tons). All these countries together took approx. X% share of total imports. The following importers - Guinea (X tons), Zambia (X tons), Morocco (X tons), Senegal (X tons), Namibia (X tons), Rwanda (X tons) and Botswana (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Zambia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Morocco ($X) and Algeria ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

In terms of the main importing countries, Algeria, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, leveling off at the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Algeria (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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