Nigeria: Market for Preparations For Permanent Waving Or Straightening Of Hair 2024

Market Size for Preparations For Permanent Waving Or Straightening Of Hair in Nigeria

After two years of growth, the Nigerien market for preparations for permanent waving or straightening of hair decreased by -21.1% to $X in 2021. Over the period under review, the total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2020, and then reduced dramatically in the following year.

Production of Preparations For Permanent Waving Or Straightening Of Hair in Nigeria

In value terms, hair waving or straightening preparations production declined notably to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a significant increase. The pace of growth was the most pronounced in 2015 when the production volume increased by 4,311% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then contracted dramatically in the following year.

Exports of Preparations For Permanent Waving Or Straightening Of Hair

Exports from Nigeria

In 2021, shipments abroad of preparations for permanent waving or straightening of hair increased by 123% to X tons, rising for the second year in a row after two years of decline. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 627%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, hair waving or straightening preparations exports soared to $X in 2021. Over the period under review, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2014 when exports increased by 520% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

The United Arab Emirates (X tons) was the main destination for hair waving or straightening preparations exports from Nigeria, with a 85% share of total exports. Moreover, hair waving or straightening preparations exports to the United Arab Emirates exceeded the volume sent to the second major destination, Tanzania (X tons), ninefold. The third position in this ranking was held by Canada (X tons), with a 1.9% share.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates amounted to +226.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (+71.8% per year) and Canada (+141.6% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for preparations for permanent waving or straightening of hair exports from Nigeria, comprising 91% of total exports. The second position in the ranking was held by Canada ($X), with a 4.4% share of total exports. It was followed by Tanzania, with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates stood at +145.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+143.9% per year) and Tanzania (+100.1% per year).

Export Prices by Country

In 2021, the average export price for preparations for permanent waving or straightening of hair amounted to $X per ton, with an increase of 5% against the previous year. Overall, the export price enjoyed prominent growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 47%. The export price peaked in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Canada ($X per ton), while the average price for exports to Senegal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+18.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Preparations For Permanent Waving Or Straightening Of Hair

Imports into Nigeria

In 2021, approx. X tons of preparations for permanent waving or straightening of hair were imported into Nigeria; with an increase of 41% against the year before. In general, imports, however, showed a sharp contraction. The pace of growth was the most pronounced in 2019 with an increase of 517%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, hair waving or straightening preparations imports surged to $X in 2021. Over the period under review, imports, however, recorded a precipitous contraction. The pace of growth appeared the most rapid in 2019 when imports increased by 525% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, South Africa (X tons) was the main supplier of hair waving or straightening preparations to Nigeria, with a 90% share of total imports. Moreover, hair waving or straightening preparations imports from South Africa exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Africa totaled -32.3%.

In value terms, South Africa ($X) constituted the largest supplier of preparations for permanent waving or straightening of hair to Nigeria, comprising 86% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual growth rate of value from South Africa stood at -32.2%.

Import Prices by Country

In 2021, the average import price for preparations for permanent waving or straightening of hair amounted to $X per ton, with an increase of 48% against the previous year. Overall, import price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per ton), while the price for South Africa stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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