Ghana: Market for Shampoos, Hair Lacquers And Other Preparations 2024

Market Size for Shampoos, Hair Lacquers And Other Preparations in Ghana

In 2022, after two years of growth, there was decline in the Ghanian market for shampoos, hair lacquers and other preparations, when its value decreased by -2.6% to $X. Over the period under review, consumption, however, recorded a noticeable reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Exports of Shampoos, Hair Lacquers And Other Preparations

Exports from Ghana

In 2022, shipments abroad of shampoos, hair lacquers and other preparations was finally on the rise to reach X tons after three years of decline. Over the period under review, exports, however, continue to indicate a abrupt descent. The growth pace was the most rapid in 2018 when exports increased by 652% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of shampoos, hair lacquers and other preparations contracted to $X in 2022. Overall, exports, however, faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when exports increased by 560% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Benin (X tons), the United States (X tons) and South Africa (X tons) were the main destinations of exports of shampoos, hair lacquers and other preparations from Ghana, with a combined 95% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +63.4%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) remains the key foreign market for shampoos, hair lacquers and other preparations exports from Ghana, comprising 65% of total exports. The second position in the ranking was held by Benin ($X), with an 8% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +52.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (+17.7% per year) and South Africa (-10.6% per year).

Export Prices by Country

In 2022, the average export price for shampoos, hair lacquers and other preparations amounted to $X per ton, dropping by -22.7% against the previous year. In general, the export price saw a deep downturn. The pace of growth appeared the most rapid in 2014 an increase of 40%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Benin ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+13.5%), while the prices for the other major destinations experienced a decline.

Imports of Shampoos, Hair Lacquers And Other Preparations

Imports into Ghana

In 2022, the amount of shampoos, hair lacquers and other preparations imported into Ghana was estimated at X tons, almost unchanged from 2021. Overall, imports, however, showed a perceptible decrease. The pace of growth was the most pronounced in 2018 with an increase of 35%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of shampoos, hair lacquers and other preparations fell slightly to $X in 2022. In general, imports, however, saw a perceptible slump. The pace of growth appeared the most rapid in 2018 when imports increased by 21% against the previous year. Over the period under review, imports of attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X tons), China (X tons) and South Africa (X tons) were the main suppliers of imports of shampoos, hair lacquers and other preparations to Ghana, together comprising 63% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +75.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and the UK ($X) appeared to be the largest shampoo, hair lacquer and other preparations suppliers to Ghana, together comprising 47% of total imports.

China, with a CAGR of +79.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for shampoos, hair lacquers and other preparations amounted to $X per ton, reducing by -3.8% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 21% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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