ECOWAS: Shampoo Market 2024

Shampoo Market Size in ECOWAS

The ECOWAS shampoo market rose slightly to $X in 2022, surging by X% against the previous year. The total consumption indicated a pronounced expansion from 2012 to 2022: its value 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, consumption decreased by X% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Shampoo Production in ECOWAS

In value terms, shampoo production rose slightly to $X in 2022 estimated in export price. The total production indicated a moderate increase from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Shampoo Exports

Exports in ECOWAS

In 2022, shipments abroad of shampoos was finally on the rise to reach X tons after three years of decline. Overall, exports, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, shampoo exports soared to $X in 2022. Over the period under review, exports, however, saw a deep contraction. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Cote d'Ivoire dominates exports structure, reaching X tons, which was near X% of total exports in 2022. It was distantly followed by Senegal (X tons), creating an X% share of total exports. The following exporters - Nigeria (X tons) and Ghana (X tons) - each resulted at a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to shampoo exports from Cote d'Ivoire stood at X%. At the same time, Senegal (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Nigeria (X%) and Ghana (X%) illustrated a downward trend over the same period. Cote d'Ivoire (X p.p.) and Senegal (X p.p.) significantly strengthened its position in terms of the total exports, while Ghana saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Cote d'Ivoire stood at X%. In the other countries, the average annual rates were as follows: Senegal (X% per year) and Nigeria (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the export price showed a slight contraction. The growth pace was the most rapid in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Senegal ($X per ton), while Cote d'Ivoire ($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.

Shampoo Imports

Imports in ECOWAS

In 2022, approx. X tons of shampoos were imported in ECOWAS; waning by X% against the previous year's figure. In general, imports, however, showed a buoyant increase. The growth pace was the most rapid in 2013 with an increase of X%. The volume of import peaked at X tons in 2021, and then fell in the following year.

In value terms, shampoo imports reduced remarkably to $X in 2022. Over the period under review, imports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. The level of import peaked at $X in 2021, and then contracted notably in the following year.

Imports by Country

The purchases of the eight major importers of shampoos, namely Ghana, Senegal, Guinea, Cote d'Ivoire, Gambia, Cabo Verde, Burkina Faso and Sierra Leone, represented more than two-thirds of total import.

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

In value terms, the largest shampoo importing markets in ECOWAS were Ghana ($X), Senegal ($X) and Cote d'Ivoire ($X), together comprising X% of total imports. Guinea, Gambia, Cabo Verde, Sierra Leone and Burkina Faso lagged somewhat behind, together accounting for a further X%.

Guinea, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries 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, reducing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform