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U.S. - Soap - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

U.S. - Soap - Market Analysis, Forecast, Size, Trends And Insights

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Sep 13, 2022

Soap Price Slips Back to $3,693 per Ton After Peaking in May

U.S. Soap Export Price per Ton July 2022

In July 2022, the soap price per ton amounted to $3,693 (FOB, US), leveling off at the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in March 2022 an increase of 11% m-o-m. The export price peaked at $3,940 per ton in May 2022; however, from June 2022 to July 2022, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was China ($10,812 per ton), while the average price for exports to Canada ($2,982 per ton) was amongst the lowest.

From January 2022 to July 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+19.1%), while the prices for the other major destinations experienced mixed trend patterns.

U.S. Soap Export Prices by Type

Average prices varied somewhat for the major types of exported product. In July 2022, the highest price was recorded for prices to organic surface-active products for washing the skin ($4,192 per ton) and soap in different forms ($3,650 per ton), while the average price for exports of soap and organic surface-active products in bars other than for toilet use ($3,087 per ton) and soap and organic surface-active products in bars for toilet use ($3,326 per ton) were amongst the lowest.

From January 2022 to July 2022, the most notable rate of growth in terms of prices was recorded for the following types: soap in bars other than for toilet use (+3.1%), while the prices for the other products experienced more modest paces of growth.

U.S. Soap Exports

In July 2022, soap exports from the United States shrank to 25K tons, waning by -5.9% against the month before. The total export volume increased at an average monthly rate of +4.8% from January 2022 to July 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. The growth pace was the most rapid in February 2022 with an increase of 21% against the previous month. The exports peaked at 27K tons in April 2022; however, from May 2022 to July 2022, the exports stood at a somewhat lower figure.

In value terms, soap exports contracted to $93M (IndexBox estimates) in July 2022. The total export value increased at an average monthly rate of +4.6% from January 2022 to July 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in March 2022 with an increase of 30% month-to-month. Over the period under review, the exports reached the peak figure at $104M in May 2022; however, from June 2022 to July 2022, the exports stood at a somewhat lower figure.

U.S. Soap Exports by Type

Organic surface-active products for washing the skin (11K tons), soap and organic surface-active products in bars for toilet use (8.9K tons) and soap and organic surface-active products in bars other than for toilet use (3.1K tons) were the main products of soap exports from the United States, with a combined 89% share of total exports. These products were followed by soap in different forms, which accounted for a further 11%.

From January 2022 to July 2022, the most notable rate of growth in terms of shipments, amongst the major product types, was attained by soap in different forms (with a CAGR of +5.9%), while the other products experienced more modest paces of growth.

In value terms, organic surface-active products for washing the skin ($44M), soap and organic surface-active products in bars for toilet use ($30M) and soap in different forms ($10M) constituted the most exported types of soap from the United States worldwide, with a combined 90% share of total exports. Soap and organic surface-active products in bars other than for toilet use lagged somewhat behind, comprising a further 10%.

In terms of the main product categories, soap in bars for toilet use, with a CAGR of +8.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other products experienced more modest paces of growth.

U.S. Soap Exports by Country

Canada (17K tons) was the main destination for soap exports from the United States, accounting for a 66% share of total exports. Moreover, soap exports to Canada exceeded the volume sent to the second major destination, Mexico (1.7K tons), tenfold. The third position in this ranking was taken by the Philippines (460 tons), with less than 0.1% share.

From January 2022 to July 2022, the average monthly growth rate of volume to Canada amounted to +5.4%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Mexico (+5.6% per month) and the Philippines (+18.1% per month).

In value terms, Canada ($50M) remains the key foreign market for soap exports from the United States, comprising 53% of total exports. The second position in the ranking was taken by Mexico ($6.6M), with a 7.1% share of total exports. It was followed by China, with less than 0.1% share.

From January 2022 to July 2022, the average monthly rate of growth in terms of value to Canada stood at +7.0%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Mexico (-0.4% per month) and China (+26.4% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the soap market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20413120 - Soap and organic surface-active products in bars, etc., n.e.c.
  • Prodcom 20413150 - Soap in the form of flakes, wafers, granules or powders
  • Prodcom 20413180 - Soap in forms excluding bars, cakes or moulded shapes, p aper, wadding, felt and non-wovens impregnated or coated with soap/detergent, flakes, granules or powders
  • Prodcom 20421915 - Soap and organic surface-active products in bars, etc., for toilet use
  • Prodcom 20421930 - Organic surface-active products and preparations for washing the skin, whether or not containing soap, p.r.s.

Country coverage:

  • United States

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the U.S.
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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