Nigeria: Soap In Bars Market 2024

Soap In Bars Market Size in Nigeria

The Nigerien soap in bars market rose markedly to $X in 2022, increasing by X% against the previous year. In general, consumption saw a buoyant expansion. Soap in bars consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Soap In Bars Production in Nigeria

In value terms, soap in bars production expanded significantly to $X in 2022 estimated in export price. Overall, production continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Soap In Bars Exports

Exports from Nigeria

In 2022, shipments abroad of soap and organic surface-active products in bars increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports recorded a measured increase. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, soap in bars exports soared to $X in 2022. Over the period under review, exports recorded moderate growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ghana (X tons) was the main destination for soap in bars exports from Nigeria, accounting for a X% share of total exports. Moreover, soap in bars exports to Ghana exceeded the volume sent to the second major destination, Cote d'Ivoire (X tons), threefold. Senegal (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Ghana totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (X% per year) and Senegal (X% per year).

In value terms, Ghana ($X) remains the key foreign market for soap and organic surface-active products in bars exports from Nigeria, comprising X% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total exports. It was followed by Uganda, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Ghana amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (X% per year) and Uganda (X% per year).

Export Prices by Country

In 2022, the average soap in bars export price amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

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

Soap In Bars Imports

Imports into Nigeria

In 2022, the amount of soap and organic surface-active products in bars imported into Nigeria surged to X tons, picking up by X% against 2021 figures. In general, imports, however, continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, soap in bars imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India (X tons), Cote d'Ivoire (X tons) and China (X tons) were the main suppliers of soap in bars imports to Nigeria, together accounting for X% of total imports.

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

In value terms, India ($X) constituted the largest supplier of soap and organic surface-active products in bars to Nigeria, comprising X% of total imports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Cote d'Ivoire (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average soap in bars import price amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price saw moderate growth. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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