SADC: Market for Hair Lotion and Preparation 2024

Market Size for Hair Lotion and Preparation in SADC

After three years of decline, the SADC hair lotion and preparation market increased by 2.7% to $X in 2021. The market value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Hair Lotion and Preparation in SADC

In value terms, hair lotion and preparation production rose to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 23%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Exports of Hair Lotion and Preparation

Exports in SADC

Hair lotion and preparation exports expanded notably to X tons in 2021, increasing by 6.4% against 2020. Over the period under review, exports, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by 12%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, hair lotion and preparation exports surged to $X in 2021. In general, exports, however, showed a noticeable curtailment. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of hair lotion and preparation, namely South Africa, represented more than two-thirds of total export.

South Africa was also the fastest-growing in terms of the hair lotion and preparation exports, with a CAGR of -3.4% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest hair lotion and preparation supplier in SADC.

In South Africa, hair lotion and preparation exports declined by an average annual rate of -3.1% over the period from 2012-2021.

Export Prices by Country

The export price in SADC stood at $X per ton in 2021, rising by 16% against the previous year. In general, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2021, the rate of growth in terms of prices for South Africa amounted to +0.3% per year.

Imports of Hair Lotion and Preparation

Imports in SADC

After two years of decline, purchases abroad of hair lotion and preparation increased by 6.8% to X tons in 2021. In general, imports, however, continue to indicate a slight downturn. The pace of growth was the most pronounced in 2013 when imports increased by 7.4% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, hair lotion and preparation imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a pronounced slump. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

South Africa represented the main importing country with an import of around X tons, which reached 37% of total imports. Tanzania (X tons) held the second position in the ranking, followed by Mauritius (X tons), Namibia (X tons), Angola (X tons), Botswana (X tons) and Zambia (X tons). All these countries together took near 45% share of total imports.

South Africa experienced a relatively flat trend pattern with regard to volume of imports of hair lotion and preparation. At the same time, Zambia (+8.6%), Tanzania (+3.3%) and Mauritius (+2.8%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing importer imported in SADC, with a CAGR of +8.6% from 2012-2021. By contrast, Namibia (-3.2%), Botswana (-5.0%) and Angola (-9.5%) illustrated a downward trend over the same period. Tanzania (+3.6 p.p.), Zambia (+3.3 p.p.), Mauritius (+2.4 p.p.) and South Africa (+2.2 p.p.) significantly strengthened its position in terms of the total imports, while Botswana and Angola saw its share reduced by -2.5% and -8.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported hair lotion and preparation in SADC, comprising 43% of total imports. The second position in the ranking was held by Mauritius ($X), with an 11% share of total imports. It was followed by Tanzania, with a 9.3% share.

From 2012 to 2021, the average annual growth rate of value in South Africa stood at -2.6%. In the other countries, the average annual rates were as follows: Mauritius (+5.5% per year) and Tanzania (+1.3% per year).

Import Prices by Country

In 2021, the import price in SADC amounted to $X per ton, picking up by 8.4% against the previous year. In general, the import price, however, continues to indicate a slight decline. Over the period under review, import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mauritius ($X per ton), while Angola ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Botswana (+4.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform