Nigeria: Shampoo Market 2024

Shampoo Market Size in Nigeria

The Nigerien shampoo market totaled $X in 2022, surging by X% against the previous year. Over the period under review, the total consumption indicated a notable 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, consumption decreased by X% against 2020 indices. Shampoo consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Shampoo Production in Nigeria

In value terms, shampoo production rose slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a moderate expansion. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Shampoo production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Shampoo Exports

Exports from Nigeria

Shampoo exports from Nigeria declined sharply to X tons in 2022, which is down by X% against 2021 figures. Overall, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, shampoo exports declined notably to $X in 2022. In general, exports recorded a abrupt setback. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Liberia (X tons) was the main destination for shampoo exports from Nigeria, with a X% share of total exports. Moreover, shampoo exports to Liberia exceeded the volume sent to the second major destination, Angola (X tons), threefold. The third position in this ranking was held by the United States (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Liberia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (X% per year) and the United States (X% per year).

In value terms, the largest markets for shampoo exported from Nigeria were the United States ($X), Liberia ($X) and Benin ($X), with a combined X% share of total exports.

Benin, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average shampoo export price stood at $X per ton in 2022, approximately reflecting the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Benin ($X per ton), while the average price for exports to Democratic Republic of the Congo ($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 Democratic Republic of the Congo (X%), while the prices for the other major destinations experienced more modest paces of growth.

Shampoo Imports

Imports into Nigeria

In 2022, after two years of decline, there was significant growth in supplies from abroad of shampoos, when their volume increased by X% to X tons. In general, imports, however, saw a sharp contraction. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, shampoo imports fell significantly to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

The UK (X tons), China (X tons) and Cote d'Ivoire (X tons) were the main suppliers of shampoo imports to Nigeria, together comprising X% of total imports. The United States, Egypt, Greece, Vietnam, Indonesia, Belgium, Turkey, India, Malaysia and Spain lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the UK ($X) and China ($X) constituted the largest shampoo suppliers to Nigeria, with a combined X% share of total imports.

Among the main suppliers, the UK, with a CAGR of X%, recorded the highest growth rate of the value of imports, 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 shampoo import price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price, however, saw a buoyant expansion. The growth pace was the most rapid in 2020 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

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 Belgium ($X per ton), while the price for Malaysia ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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