Belgium: Soap Market 2024

Soap Market Size in Belgium

In 2021, the Belgian soap market decreased by -41.3% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2020, and then fell markedly in the following year.

Soap Production in Belgium

In value terms, soap production reduced to $X in 2021 estimated in export price. Overall, production, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of 112%. As a result, production reached the peak level of $X, and then reduced in the following year.

Soap Exports

Exports from Belgium

In 2021, approx. X tons of soap were exported from Belgium; picking up by 13% compared with the previous year. Overall, exports showed a noticeable increase. The most prominent rate of growth was recorded in 2020 when exports increased by 105%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, soap exports rose to $X in 2021. In general, exports recorded a remarkable increase. The growth pace was the most rapid in 2020 with an increase of 77%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

France (X tons), the Netherlands (X tons) and the UK (X tons) were the main destinations of soap exports from Belgium, together comprising 57% of total exports. These countries were followed by Germany, the United States, Poland, the Czech Republic, Russia and Spain, which together accounted for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +52.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for soap exported from Belgium were France ($X), the Netherlands ($X) and the UK ($X), with a combined 42% share of total exports. Poland, the Czech Republic, Germany, the United States, Russia and Spain lagged somewhat behind, together comprising a further 37%.

Among the main countries of destination, Poland, with a CAGR of +45.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average soap export price stood at $X per ton in 2021, falling by -8% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 12% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to France ($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 the Czech Republic (+15.1%), while the prices for the other major destinations experienced more modest paces of growth.

Soap Imports

Imports into Belgium

Soap imports into Belgium contracted to X tons in 2021, dropping by -3.2% against 2020. Over the period under review, total imports indicated a pronounced expansion from 2012 to 2021: its volume increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +93.1% against 2016 indices. The pace of growth was the most pronounced in 2020 with an increase of 67%. As a result, imports reached the peak of X tons, and then fell slightly in the following year.

In value terms, soap imports fell to $X in 2021. In general, total imports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +86.5% against 2015 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 69%. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

Germany (X tons), the Netherlands (X tons) and France (X tons) were the main suppliers of soap imports to Belgium, together comprising 70% of total imports. These countries were followed by Poland, China, the UK, Italy, Turkey, Spain, the Czech Republic, Malaysia, Israel and Canada, which together accounted for a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +28.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest soap suppliers to Belgium were the Netherlands ($X), Germany ($X) and France ($X), together accounting for 69% of total imports. The UK, Poland, China, the Czech Republic, Italy, Turkey, Israel, Spain, Malaysia and Canada lagged somewhat behind, together accounting for a further 23%.

China, with a CAGR of +21.2%, saw the highest growth rate of 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 import price stood at $X per ton in 2021, falling by -3.9% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 15%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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