GCC: Soap And Detergent Market 2024

Soap And Detergent Market Size in GCC

In 2022, the GCC soap and detergent market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Soap And Detergent Production in GCC

In value terms, soap and detergent production stood at $X in 2022 estimated in export price. In general, production, however, continues to indicate a slight setback. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Soap And Detergent Exports

Exports in GCC

In 2022, soap and detergent exports in GCC expanded sharply to X tons, surging by X% on 2021 figures. Total exports indicated buoyant growth from 2012 to 2022: its volume 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 2018 indices. The growth pace was the most rapid in 2017 when exports increased by X%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, soap and detergent exports soared to $X in 2022. Total exports indicated a prominent expansion 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 2017 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Saudi Arabia was the main exporting country with an export of around X tons, which reached X% of total exports. The United Arab Emirates (X tons) ranks second in terms of the total exports with a X% share, followed by Oman (X%). The following exporters - Bahrain (X tons) and Qatar (X tons) - each accounted for a X% share of total exports.

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

In value terms, the largest soap and detergent supplying countries in GCC were Saudi Arabia ($X), the United Arab Emirates ($X) and Oman ($X), with a combined X% share of total exports. Bahrain and Qatar lagged somewhat behind, together comprising a further X%.

Qatar, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while Oman ($X per ton) was amongst the lowest.

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

Soap And Detergent Imports

Imports in GCC

In 2022, approx. X tons of soap and detergents were imported in GCC; shrinking by X% on the previous year. Total imports indicated a prominent increase from 2012 to 2022: its volume 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 2012 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021, and then shrank modestly in the following year.

In value terms, soap and detergent imports totaled $X in 2022. Total imports indicated a prominent 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, imports increased by X% against 2012 indices. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the largest importer of soap and detergents, mixing up X% of total imports. Saudi Arabia (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Kuwait (X%) and Oman (X%). The following importers - Bahrain (X tons) and Qatar (X tons) - each amounted to a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Oman (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 importing markets in GCC were the United Arab Emirates ($X), Saudi Arabia ($X) and Kuwait ($X), together accounting for X% of total imports. Oman, Qatar and Bahrain lagged somewhat behind, together accounting for a further X%.

Oman, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The level of import peaked at $X per ton in 2015; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Qatar ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform