Iceland: Soap Market 2020

Soap Market Size in Iceland

The revenue of the soap market in Iceland amounted to $X in 2017, growing by X% against the previous year. Over the period under review, soap consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009, when the market value increased by X% y-o-y. Soap consumption peaked at $X in 2012; however, from 2013 to 2017, consumption remained at a lower figure.

Soap Production in Iceland

In value terms, soap production totaled $X in 2017 estimated in export prices. In general, soap production continues to indicate a significant drop. The most prominent rate of growth was recorded in 2009, when the output figure increased by X% against the previous year. Over the period under review, soap production reached its maximum level at $X in 2012; however, from 2013 to 2017, production remained at a lower figure.

Soap Exports

Exports from Iceland

In 2017, approx. X tons of soap were exported from Iceland; jumping by X% against the previous year. Over the period under review, soap exports continue to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2014, when exports increased by X% year-to-year. In that year, soap exports reached their peak of X tons. From 2015 to 2017, the growth of soap exports remained at a somewhat lower figure.

In value terms, soap exports stood at $X in 2017. Overall, soap exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2014, when exports increased by X% year-to-year. In that year, soap exports attained their peak of $X. From 2015 to 2017, the growth of soap exports remained at a lower figure.

Exports by Country

Angola (X tons) was the main destination for soap exports from Iceland, accounting for a X% share of total exports. Moreover, soap exports to Angola exceeded the volume sent to the second major destination, Austria (X kg), sevenfold. Mayotte (X kg) ranked third in terms of total exports with a X% share.

From 2007 to 2017, the average annual growth rate of volume to Angola amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+X% per year) and Mayotte (+X% per year).

In value terms, Angola ($X) remains the key foreign market for soap exports from Iceland, comprising X% of total soap exports. The second position in the ranking was occupied by Mayotte ($X), with a X% share of total exports. It was followed by Austria, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value to Angola totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mayotte (+X% per year) and Austria (+X% per year).

Export Prices by Country

The average soap export price stood at $X per ton in 2017, surging by X% against the previous year. In general, the export price indicated a modest expansion from 2007 to 2017: its price 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. The most prominent rate of growth was recorded in 2009, an increase of X% against the previous year. Export price peaked at $X per ton in 2014; however, from 2015 to 2017, export prices remained at a lower figure.

There were significant differences in the average export prices for the major foreign markets. In 2017, the country with the highest export price was Mayotte ($X per ton), while the average price for exports to Guyana ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to Canada, while the export prices for the other major destinations experienced more modest paces of growth.

Soap Imports

Imports into Iceland

In 2017, imports of soap into Iceland amounted to X tons, rising by X% against the previous year. Overall, the total imports indicated a remarkable expansion from 2007 to 2017: 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 2017 figures, the soap imports increased by +X% against 2008 indices. The most prominent rate of growth was recorded in 2017, when imports increased by X% y-o-y. In that year, soap imports attained their peak , and are likely to continue its growth in the immediate term.

In value terms, soap imports amounted to $X in 2017. Over the period under review, the total imports indicated a strong growth from 2007 to 2017: 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 2017 figures, the soap imports increased by +X% against 2011 indices. The most prominent rate of growth was recorded in 2017, with an increase of X% year-to-year. In that year, soap imports attained their peak , and are likely to continue its growth in the immediate term.

Imports by Country

The UK (X tons), Germany (X tons) and the U.S. (X tons) were the main suppliers of soap imports to Iceland, with a combined X% share of total imports. Denmark, France, Sweden, Cyprus, the Netherlands, Poland, Spain, China and Italy lagged somewhat behind, together comprising a further X 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Spain, while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Germany ($X) and the U.S. ($X) were the largest soap suppliers to Iceland, with a combined X% share of total imports. Denmark, France, Sweden, the Netherlands, China, Cyprus, Spain, Poland and Italy lagged somewhat behind, together accounting for a further X experienced the highest rates of growth with regard to imports, among the main suppliers over the last decade, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average soap import price stood at $X per ton in 2017, surging by X% against the previous year. In general, the soap import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, an increase of X% against the previous year. In that year, the average import prices for soap reached their peak level of $X per ton. From 2009 to 2017, the growth in terms of the average import prices for soap remained at a somewhat lower figure.

Import prices varied noticeably by the country of origin; the country with the highest import price was the Netherlands ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Spain, while the import prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform