ECOWAS: Room Deodorants Market 2024

Room Deodorants Market Size in ECOWAS

The ECOWAS room deodorants market reduced to $X in 2022, falling by -2.6% against the previous year. In general, consumption recorded a noticeable expansion. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Room Deodorants Production in ECOWAS

In value terms, room deodorants production shrank to $X in 2022 estimated in export price. Overall, production, however, posted measured growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 46% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Room Deodorants Exports

Exports in ECOWAS

After three years of growth, overseas shipments of preparations for perfuming or deodorising rooms decreased by -63.4% to X tons in 2022. Overall, exports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2019 with an increase of 223%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then reduced dramatically in the following year.

In value terms, room deodorants exports reduced markedly to $X in 2022. Over the period under review, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2019 when exports increased by 91% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Nigeria (X tons) and Senegal (X tons) were the largest exporters of preparations for perfuming or deodorising rooms in ECOWAS, together amounting to near 69% of total exports. Ghana (X tons) ranks next in terms of the total exports with a 14% share, followed by Cote d'Ivoire (9%). The following exporters - Togo (X tons), Niger (X tons) and Mali (X tons) - together made up 6.8% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Senegal (with a CAGR of +38.2%), while the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) emerged as the largest room deodorants supplier in ECOWAS, comprising 45% of total exports. The second position in the ranking was held by Senegal ($X), with a 20% share of total exports. It was followed by Cote d'Ivoire, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria totaled -12.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Senegal (+54.8% per year) and Cote d'Ivoire (+18.6% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, surging by 30% against the previous year. Over the period under review, the export price continues to indicate a measured expansion. The pace of growth was the most pronounced in 2013 an increase of 116%. Over the period under review, the export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Togo ($X per ton), while Ghana ($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 (+12.0%), while the other leaders experienced more modest paces of growth.

Room Deodorants Imports

Imports in ECOWAS

In 2022, purchases abroad of preparations for perfuming or deodorising rooms increased by 86% to X tons, rising for the sixth consecutive year after three years of decline. Overall, imports continue to indicate prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, room deodorants imports soared to $X in 2022. Over the period under review, imports recorded a remarkable increase. The pace of growth was the most pronounced in 2013 when imports increased by 66%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, Senegal (X tons) represented the major importer of preparations for perfuming or deodorising rooms, making up 47% of total imports. Nigeria (X tons) took a 25% share (based on physical terms) of total imports, which put it in second place, followed by Ghana (10%) and Cote d'Ivoire (7.5%). The following importers - Guinea (X tons), Burkina Faso (X tons) and Benin (X tons) - each amounted to a 5.8% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Senegal (with a CAGR of +33.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X), Senegal ($X) and Ghana ($X) were the countries with the highest levels of imports in 2022, with a combined 81% share of total imports.

Among the main importing countries, Senegal, with a CAGR of +33.2%, saw 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

In 2022, the import price in ECOWAS amounted to $X per ton, shrinking by -12.6% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the import price increased by 22%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+6.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform