Algeria: Market for Soap In Different Forms 2024

Market Size for Soap In Different Forms in Algeria

The Algerian soap in different forms market surged to $X in 2021, jumping by 33% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in the near future.

Exports of Soap In Different Forms

Exports from Algeria

After seven years of growth, overseas shipments of soap in different forms decreased by -45% to X tons in 2021. Over the period under review, exports, however, saw significant growth. The pace of growth was the most pronounced in 2017 with an increase of 239% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020, and then dropped sharply in the following year.

In value terms, soap in different forms exports declined to $X in 2021. In general, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2017 when exports increased by 164% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020, and then declined in the following year.

Exports by Country

The United States (X kg), Libya (X kg) and Canada (X kg) were the main destinations of soap in different forms exports from Algeria, with a combined 83% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +97.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for soap in different forms exports from Algeria, comprising 63% of total exports. The second position in the ranking was taken by Canada ($X), with a 15% share of total exports. It was followed by Libya, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+118.7% per year) and Libya (+6.5% per year).

Export Prices by Country

The average soap in different forms export price stood at $X per ton in 2021, picking up by 62% against the previous year. Overall, the export price, however, recorded a noticeable contraction. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Libya ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+6.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Soap In Different Forms

Imports into Algeria

Soap in different forms imports into Algeria skyrocketed to X tons in 2021, picking up by 18% on the previous year's figure. Overall, total imports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -9.9% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 32%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, soap in different forms imports soared to $X in 2021. The total import value increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 46%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest supplier of soap in different forms to Algeria, accounting for a 56% share of total imports. Moreover, soap in different forms imports from Indonesia exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), twofold. The third position in this ranking was taken by Spain (X tons), with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Indonesia stood at +13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-3.0% per year) and Spain (+18.7% per year).

In value terms, Indonesia ($X), Malaysia ($X) and Spain ($X) constituted the largest soap in different forms suppliers to Algeria, with a combined 77% share of total imports.

Spain, with a CAGR of +21.8%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average soap in different forms import price stood at $X per ton in 2021, jumping by 17% against the previous year. Over the period under review, the import price, however, continues to indicate a slight reduction. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :