Nigeria: Market for Soap And Organic Surface-Active Products In Bars For Toilet Use 2024

Market Size for Soap And Organic Surface-Active Products In Bars For Toilet Use in Nigeria

The Nigerien market for soap and organic surface-active products in bars for toilet use expanded markedly to $X in 2022, picking up by 6.8% against the previous year. Overall, consumption enjoyed a resilient expansion. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Soap And Organic Surface-Active Products In Bars For Toilet Use in Nigeria

In value terms, production of soap and organic surface-active products in bars for toilet use rose remarkably to $X in 2022 estimated in export price. In general, production showed resilient growth. The pace of growth was the most pronounced in 2020 when the production volume increased by 46%. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth failed to regain momentum.

Exports of Soap And Organic Surface-Active Products In Bars For Toilet Use

Exports from Nigeria

In 2022, shipments abroad of soap and organic surface-active products in bars for toilet use increased by 111% to X tons, rising for the second consecutive year after two years of decline. In general, exports showed prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 162%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, exports of soap and organic surface-active products in bars for toilet use skyrocketed to $X in 2022. Over the period under review, exports enjoyed resilient growth. The growth pace was the most rapid in 2013 with an increase of 170%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Ghana (X tons) was the main destination for exports of soap and organic surface-active products in bars for toilet use from Nigeria, accounting for a 77% share of total exports. Moreover, exports of soap and organic surface-active products in bars for toilet use to Ghana exceeded the volume sent to the second major destination, the Netherlands (X tons), ninefold. The UK (X tons) ranked third in terms of total exports with a 5.7% share.

From 2012 to 2022, the average annual growth rate of volume to Ghana amounted to +16.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+252.7% per year) and the UK (+31.1% per year).

In value terms, Ghana ($X) remains the key foreign market for soap and organic surface-active products in bars for toilet use exports from Nigeria, comprising 84% of total exports. The second position in the ranking was held by the UK ($X), with a 4.5% share of total exports. It was followed by the Netherlands, with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Ghana amounted to +13.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+18.6% per year) and the Netherlands (+122.4% per year).

Export Prices by Country

In 2022, the average export price for soap and organic surface-active products in bars for toilet use amounted to $X per ton, with a decrease of -5.8% against the previous year. Overall, the export price showed a pronounced descent. The pace of growth appeared the most rapid in 2020 an increase of 15%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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 Germany ($X per ton), while the average price for exports to the United Arab Emirates ($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 Togo (-2.0%), while the prices for the other major destinations experienced a decline.

Imports of Soap And Organic Surface-Active Products In Bars For Toilet Use

Imports into Nigeria

In 2022, supplies from abroad of soap and organic surface-active products in bars for toilet use was finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, recorded a sharp shrinkage. The most prominent rate of growth was recorded in 2016 when imports increased by 3,991% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of soap and organic surface-active products in bars for toilet use fell modestly to $X in 2022. In general, imports, however, showed a precipitous slump. The pace of growth appeared the most rapid in 2016 with an increase of 5,733% against the previous year. Over the period under review, imports of hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of soap in bars for toilet use to Nigeria, with a 85% share of total imports. Moreover, imports of soap and organic surface-active products in bars for toilet use from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates totaled -17.3%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of soap and organic surface-active products in bars for toilet use to Nigeria, comprising 84% of total imports. The second position in the ranking was taken by China ($X), with a 16% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates amounted to -23.8%.

Import Prices by Country

The average import price for soap and organic surface-active products in bars for toilet use stood at $X per ton in 2022, declining by -5.1% against the previous year. Over the period under review, the import price saw a mild descent. The pace of growth was the most pronounced in 2013 an increase of 134% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for the United Arab Emirates amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+14.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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