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The global soap market is expected to experience continued growth over the next six years, driven by increasing demand worldwide. Market performance is forecasted to expand with a CAGR of +3.3% in volume and +5.1% in value, reaching 25M tons and $66.2B respectively by the end of 2030.
From 2021 to 2023, Soap imports saw a modest growth, reaching a significant value of $1.5B in 2023.
The growth pace was the most rapid in February 2023 when Soap imports increased by 50% month-on-month. In value terms, Soap imports dropped to $83M in December 2023.
The month with the highest rate of growth was May 2023, with a 64% increase in imports compared to the previous month. The value of soap imports reached $3.7M in October 2023.
In July 2023, Soap witnessed the highest growth rate of 22% compared to the previous month. However, in terms of value, soap exports decreased to $77M in September 2023.
Discover the top import markets for soap and their key statistics. Get insights into the soap import values of leading countries like China, the United States, and Germany. Explore the global soap market with IndexBox data.
In August 2023, the soap industry experienced its highest growth rate, with a significant month-on-month increase of 33%. However, in September 2023, the value of soap imports declined to $2.8M.
Exports of Soap decreased significantly to $11M in July 2023.
The soap price in June 2023 was $2,496 per ton (FOB, Thailand), which was approximately the same as the previous month.
In May 2023, the price of Soap was $1,964 per ton (FOB, South Africa), showing a decrease of 20.9% compared to the previous month.
Soap prices in January 2023 reached $2,131 per ton (FOB, Spain), a 6.1% increase from the previous month
Explore the top-selling soap products in the US and gain insights from the IndexBox market report.
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