Nigeria: Market for Organic Surface-Active Products For Washing The Skin 2024

Market Size for Organic Surface-Active Products For Washing The Skin in Nigeria

The Nigerien skin organic surface-active products market contracted to $X in 2022, shrinking by -3.3% against the previous year. Overall, consumption recorded strong growth. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Production of Organic Surface-Active Products For Washing The Skin in Nigeria

In value terms, skin organic surface-active products production dropped slightly to $X in 2022 estimated in export price. In general, production posted a remarkable increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 102% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Exports of Organic Surface-Active Products For Washing The Skin

Exports from Nigeria

In 2022, approx. X tons of organic surface-active products for washing the skin were exported from Nigeria; which is down by -8.3% against 2021. In general, exports saw a deep downturn. The most prominent rate of growth was recorded in 2014 with an increase of 381%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, skin organic surface-active products exports surged to $X in 2022. Overall, exports recorded a abrupt slump. The pace of growth was the most pronounced in 2014 when exports increased by 894% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Ghana (X tons) was the main destination for skin organic surface-active products exports from Nigeria, with a 76% share of total exports. Moreover, skin organic surface-active products exports to Ghana exceeded the volume sent to the second major destination, Benin (X tons), fivefold. The third position in this ranking was held by Congo (X kg), with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ghana amounted to +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (-23.4% per year) and Congo (-20.9% per year).

In value terms, Ghana ($X) remains the key foreign market for organic surface-active products for washing the skin exports from Nigeria, comprising 81% of total exports. The second position in the ranking was taken by Benin ($X), with a 6.6% share of total exports. It was followed by the UK, with a 4.6% share.

From 2012 to 2022, the average annual growth rate of value to Ghana totaled +7.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (-27.1% per year) and the UK (+11.4% per year).

Export Prices by Country

In 2022, the average skin organic surface-active products export price amounted to $X per ton, with an increase of 41% against the previous year. Overall, the export price continues to indicate a tangible expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by 107% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Congo ($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 Libya (+25.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Organic Surface-Active Products For Washing The Skin

Imports into Nigeria

In 2022, purchases abroad of organic surface-active products for washing the skin decreased by -39.8% to X tons, falling for the third consecutive year after three years of growth. In general, imports showed a abrupt downturn. The growth pace was the most rapid in 2014 with an increase of 230%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, skin organic surface-active products imports contracted notably to $X in 2022. Over the period under review, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2014 with an increase of 240% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then declined dramatically in the following year.

Imports by Country

In 2022, the UK (X tons) constituted the largest supplier of skin organic surface-active products to Nigeria, with a 39% share of total imports. Moreover, skin organic surface-active products imports from the UK exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. The third position in this ranking was held by Thailand (X tons), with a 6.9% share.

From 2012 to 2022, the average annual growth rate of volume from the UK stood at +17.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.2% per year) and Thailand (-1.2% per year).

In value terms, China ($X), France ($X) and the UK ($X) were the largest skin organic surface-active products suppliers to Nigeria, together accounting for 21% of total imports. Thailand, Germany, Malaysia, the Netherlands, Indonesia, Vietnam, South Africa, Portugal and Turkey lagged somewhat behind, together comprising a further 16%.

Malaysia, with a CAGR of +26.7%, saw the highest rates of growth with regard to 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

The average skin organic surface-active products import price stood at $X per ton in 2022, which is down by -27.5% against the previous year. Overall, the import price saw a slight shrinkage. The pace of growth appeared the most rapid in 2021 an increase of 189%. As a result, import price reached the peak level of $X per ton, and then reduced notably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Portugal ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+24.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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