Colombia: Soap And Detergent Market 2024

Soap And Detergent Market Size in Colombia

In 2022, the Colombian soap and detergent market decreased by X% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the market value increased by X% against the previous year. Soap and detergent consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Soap And Detergent Production in Colombia

In value terms, soap and detergent production stood at $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, production attained the peak level of $X; afterwards, it flattened through to 2022.

Soap And Detergent Exports

Exports from Colombia

In 2022, exports of soap and detergents from Colombia skyrocketed to X tons, jumping by X% against the year before. Over the period under review, exports showed a buoyant increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, soap and detergent exports soared to $X in 2022. In general, total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Peru (X tons), Ecuador (X tons) and Chile (X tons) were the main destinations of soap and detergent exports from Colombia, together comprising X% of total exports. China, Venezuela, the Netherlands, the Dominican Republic and Panama lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Peru ($X), Ecuador ($X) and Venezuela ($X) constituted the largest markets for soap and detergent exported from Colombia worldwide, together comprising X% of total exports. Chile, China, Panama, the Dominican Republic and the Netherlands lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, the Netherlands, with a CAGR of X%, saw 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 and detergent export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price, however, saw a noticeable descent. The growth pace was the most rapid in 2020 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced a decline.

Soap And Detergent Imports

Imports into Colombia

In 2022, soap and detergent imports into Colombia reduced to X tons, declining by X% compared with 2021. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, soap and detergent imports shrank to $X in 2022. In general, total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

Mexico (X tons), the United States (X tons) and China (X tons) were the main suppliers of soap and detergent imports to Colombia, with a combined X% share of total imports. Brazil, Ecuador, South Korea, Spain, Germany and Poland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest soap and detergent suppliers to Colombia were Mexico ($X), the United States ($X) and Brazil ($X), with a combined X% share of total imports. Germany, China, South Korea, Spain, Ecuador and Poland lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Poland, with a CAGR of X%, saw the highest rates of growth with regard to 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 average soap and detergent import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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