Western Africa: Market for Soap And Organic Surface-Active Products In Bars Other Than For Toilet Use 2024

Market Size for Soap And Organic Surface-Active Products In Bars Other Than For Toilet Use in Western Africa

The West African market for soap and organic surface-active products in bars other than for toilet use was finally on the rise to reach $X in 2022, after two years of decline. The total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Soap And Organic Surface-Active Products In Bars Other Than For Toilet Use in Western Africa

In value terms, production of soap and organic surface-active products in bars other than for toilet use declined to $X in 2022 estimated in export price. The total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -16.7% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 30% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production of growth failed to regain momentum.

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

Exports in Western Africa

In 2022, overseas shipments of soap and organic surface-active products in bars other than for toilet use were finally on the rise to reach X tons after three years of decline. Over the period under review, exports, however, continue to indicate a pronounced descent. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, exports of soap and organic surface-active products in bars other than for toilet use expanded slightly to $X in 2022. Overall, exports, however, continue to indicate a abrupt downturn. The growth pace was the most rapid in 2019 when exports increased by 5.8% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cote d'Ivoire dominates use structure, accounting for X tons, which was approx. 81% of total exports in 2022. Senegal (X tons) ranks second in terms of the total exports with an 8.9% share, followed by Ghana (6.5%). Togo (X tons) held a minor share of total exports.

Exports from Cote d'Ivoire decreased at an average annual rate of -4.8% from 2012 to 2022. At the same time, Senegal (+9.2%) and Ghana (+5.2%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +9.2% from 2012-2022. By contrast, Togo (-4.9%) illustrated a downward trend over the same period. While the share of Senegal (+6.4 p.p.) and Ghana (+3.9 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Cote d'Ivoire (-8.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) remains the largest soap in bars other than for toilet use supplier in Western Africa, comprising 80% of total exports. The second position in the ranking was taken by Senegal ($X), with an 8.1% share of total exports. It was followed by Ghana, with an 8.1% share.

From 2012 to 2022, the average annual growth rate of value in Cote d'Ivoire stood at -8.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Senegal (+3.6% per year) and Ghana (+10.7% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, with a decrease of -14.7% against the previous year. In general, the export price saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 when the export price increased by 30% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ghana ($X per ton), while Togo ($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 (+5.2%), while the other leaders experienced a decline in the export price figures.

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

Imports in Western Africa

After two years of decline, overseas purchases of soap and organic surface-active products in bars other than for toilet use increased by 37% to X tons in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports of hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of soap and organic surface-active products in bars other than for toilet use skyrocketed to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 30%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Niger (X tons), Senegal (X tons), Ghana (X tons), Mali (X tons), Burkina Faso (X tons) and Togo (X tons) represented roughly 84% of total imports in 2022. It was distantly followed by Gambia (X tons), constituting a 5.4% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Gambia (with a CAGR of +40.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Niger ($X), Senegal ($X) and Ghana ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 54% of total imports. Mali, Togo, Burkina Faso and Gambia lagged somewhat behind, together accounting for a further 30%.

In terms of the main importing countries, Gambia, with a CAGR of +39.8%, saw 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

The import price in Western Africa stood at $X per ton in 2022, shrinking by -14.5% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 54%. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

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 Togo ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Niger (+3.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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