Western Africa: Hair Spray Market 2024

Hair Spray Market Size in Western Africa

The West African hair spray market stood at $X in 2022, with an increase of 2.1% against the previous year. In general, consumption, however, showed a slight curtailment. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Hair Spray Production in Western Africa

In value terms, hair spray production rose slightly to $X in 2022 estimated in export price. Overall, production, however, showed a noticeable descent. The most prominent rate of growth was recorded in 2015 when the production volume increased by 50%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Hair Spray Exports

Exports in Western Africa

In 2022, exports of hair sprays in Western Africa shrank remarkably to X tons, with a decrease of -19.9% compared with 2021. Over the period under review, exports showed a deep reduction. The pace of growth was the most pronounced in 2018 when exports increased by 296% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, hair spray exports declined sharply to $X in 2022. Overall, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2013 with an increase of 244% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Cote d'Ivoire (X tons) and Nigeria (X tons) were the major exporters of hair sprays in Western Africa, together creating 77% of total exports. It was distantly followed by Ghana (X kg), making up an 18% share of total exports. Togo (X kg) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Cote d'Ivoire (with a CAGR of +4.8%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest hair spray supplying countries in Western Africa were Cote d'Ivoire ($X), Ghana ($X) and Nigeria ($X), together accounting for 89% of total exports.

Among the main exporting countries, Cote d'Ivoire, with a CAGR of +4.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, falling by -18.7% against the previous year. Export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hair spray export price decreased by -42.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the export price increased by 34%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Togo ($X per ton), while Nigeria ($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 (+4.9%), while the other leaders experienced mixed trends in the export price figures.

Hair Spray Imports

Imports in Western Africa

In 2022, after five years of growth, there was decline in overseas purchases of hair sprays, when their volume decreased by -0.7% to X tons. Overall, imports saw a mild reduction. The most prominent rate of growth was recorded in 2014 with an increase of 67% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, hair spray imports dropped to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 28% against the previous year. The level of import peaked at $X in 2021, and then declined in the following year.

Imports by Country

Nigeria (X tons) and Ghana (X tons) dominates imports structure, together making up 79% of total imports. Senegal (X tons) took the next position in the ranking, followed by Mauritania (X tons). All these countries together took near 17% share of total imports. Benin (X tons) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Ghana (with a CAGR of +38.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Nigeria ($X) and Senegal ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 88% of total imports.

Ghana, with a CAGR of +39.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, with a decrease of -7.2% against the previous year. Import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hair spray import price decreased by -11.3% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the import price increased by 95% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Senegal ($X per ton), while Benin ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mauritania (+1.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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