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

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

The Nigerien market for shampoos, hair lacquers and other preparations was estimated at $X in 2022, approximately equating the previous year. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Shampoos, Hair Lacquers And Other Preparations in Nigeria

In value terms, production of shampoos, hair lacquers and other preparations stood at $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 71%. Over the period under review, production of reached the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Shampoos, Hair Lacquers And Other Preparations

Exports from Nigeria

In 2022, overseas shipments of shampoos, hair lacquers and other preparations increased by 28% to X tons, rising for the sixth year in a row after three years of decline. In general, exports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of 466% against the previous year. Over the period under review, the exports of reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, exports of shampoos, hair lacquers and other preparations surged to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 529%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Ghana (X tons) was the main destination for exports of shampoos, hair lacquers and other preparations from Nigeria, with a 67% share of total exports. Moreover, exports of shampoos, hair lacquers and other preparations to Ghana exceeded the volume sent to the second major destination, Senegal (X tons), fivefold. The United Arab Emirates (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ghana stood at +20.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (+33.0% per year) and the United Arab Emirates (+149.5% per year).

In value terms, Ghana ($X) remains the key foreign market for shampoos, hair lacquers and other preparations exports from Nigeria, comprising 56% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 22% share of total exports. It was followed by Senegal, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Ghana stood at +23.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+148.2% per year) and Senegal (+16.9% per year).

Export Prices by Country

In 2022, the average export price for shampoos, hair lacquers and other preparations amounted to $X per ton, surging by 29% against the previous year. Overall, the export price, however, recorded a pronounced reduction. The growth pace was the most rapid in 2013 when the average export price increased by 169%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Ghana ($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 Ghana (+2.1%), while the prices for the other major destinations experienced a decline.

Imports of Shampoos, Hair Lacquers And Other Preparations

Imports into Nigeria

In 2022, overseas purchases of shampoos, hair lacquers and other preparations decreased by -14.6% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, imports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2019 when imports increased by 99% against the previous year. Over the period under review, imports of hit record highs at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, imports of shampoos, hair lacquers and other preparations soared to $X in 2022. Overall, imports showed a abrupt setback. The growth pace was the most rapid in 2013 with an increase of 33%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest shampoo, hair lacquer and other preparations supplier to Nigeria, with a 64% share of total imports. Moreover, imports of shampoos, hair lacquers and other preparations from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), fivefold. The United States (X tons) ranked third in terms of total imports with a 7.3% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+39.9% per year) and the United States (-21.1% per year).

In value terms, the largest shampoo, hair lacquer and other preparations suppliers to Nigeria were China ($X), the United Arab Emirates ($X) and the United States ($X), with a combined 70% share of total imports.

Among the main suppliers, the United Arab Emirates, with a CAGR of +53.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average import price for shampoos, hair lacquers and other preparations amounted to $X per ton, surging by 45% against the previous year. In general, the import price continues to indicate a slight expansion. The growth pace was the most rapid in 2015 an increase of 64% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 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 United Arab Emirates ($X per ton), while the price for China ($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 (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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