GCC: Market for Soap And Organic Surface-Active Products In Bars For Toilet Use 2024

Market Size for Soap And Organic Surface-Active Products In Bars For Toilet Use in GCC

After six years of growth, the GCC market for soap and organic surface-active products in bars for toilet use decreased by -15.2% to $X in 2022. Over the period under review, consumption, however, posted a tangible increase. As a result, consumption reached the peak level of $X, and then declined dramatically in the following year.

Production of Soap And Organic Surface-Active Products In Bars For Toilet Use in GCC

In value terms, production of soap and organic surface-active products in bars for toilet use rose significantly to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 60%. As a result, production attained the peak level of $X. From 2018 to 2022, production of growth remained at a somewhat lower figure.

Exports of Soap And Organic Surface-Active Products In Bars For Toilet Use

Exports in GCC

In 2022, overseas shipments of soap and organic surface-active products in bars for toilet use increased by 20% to X tons for the first time since 2017, thus ending a four-year declining trend. In general, exports, however, saw a mild decline. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, exports of soap and organic surface-active products in bars for toilet use reached $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 24% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

The United Arab Emirates was the key exporting country with an export of about X tons, which finished at 62% of total exports. Saudi Arabia (X tons) ranks second in terms of the total exports with a 32% share, followed by Oman (4.9%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Oman (with a CAGR of +5.0%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the United Arab Emirates ($X) remains the largest soap in bars for toilet use supplier in GCC, comprising 71% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 25% share of total exports.

In the United Arab Emirates, exports of soap and organic surface-active products in bars for toilet use increased at an average annual rate of +2.6% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (-4.2% per year) and Oman (+5.3% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, reducing by -11.5% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2013 when the export price increased by 25%. Over the period under review, the export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+2.6%), while the other leaders experienced more modest paces of growth.

Imports of Soap And Organic Surface-Active Products In Bars For Toilet Use

Imports in GCC

In 2022, the amount of soap and organic surface-active products in bars for toilet use imported in GCC fell rapidly to X tons, which is down by -19.5% on the previous year's figure. The total import volume increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 62%. As a result, imports attained the peak of X tons, and then shrank sharply in the following year.

In value terms, imports of soap and organic surface-active products in bars for toilet use declined dramatically to $X in 2022. Total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.1% 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 +30.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 60% against the previous year. As a result, imports reached the peak of $X, and then dropped dramatically in the following year.

Imports by Country

The United Arab Emirates represented the major importing country with an import of about X tons, which accounted for 42% of total imports. Oman (X tons) ranks second in terms of the total imports with a 23% share, followed by Saudi Arabia (22%) and Kuwait (7.6%). Qatar (X tons) and Bahrain (X tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of +12.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Oman ($X) and Saudi Arabia ($X) were the countries with the highest levels of imports in 2022, with a combined 85% share of total imports.

Oman, with a CAGR of +18.5%, saw the highest growth rate of 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

In 2022, the import price in GCC amounted to $X per ton, surging by 1.7% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 16% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Qatar ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+5.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform