India: Soap And Detergent Market 2024

Soap And Detergent Market Size in India

In 2022, the Indian soap and detergent market decreased by X% to $X, falling for the second year in a row after five years of growth. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Soap and detergent consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Soap And Detergent Production in India

In value terms, soap and detergent production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X%. Soap and detergent production peaked at $X in 2020; afterwards, it flattened through to 2022.

Soap And Detergent Exports

Exports from India

In 2022, overseas shipments of soap and detergents increased by X% to X tons, rising for the seventh consecutive year after three years of decline. Overall, exports saw a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, soap and detergent exports surged to $X in 2022. In general, total exports indicated tangible 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, exports increased by X% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Nepal (X tons), the United Arab Emirates (X tons) and Bangladesh (X tons) were the main destinations of soap and detergent exports from India, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Nepal (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for soap and detergent exported from India were the United Arab Emirates ($X), the United States ($X) and Nepal ($X), with a combined X% share of total exports. Bangladesh, Saudi Arabia, Sri Lanka, Brazil, Russia, Turkey, Thailand, Egypt, South Africa and Bhutan lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Bhutan, with a CAGR of X%, saw the highest rates of growth with regard to 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, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Sri Lanka ($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 Bhutan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Soap And Detergent Imports

Imports into India

In 2022, overseas purchases of soap and detergents decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2021, and then declined remarkably in the following year.

In value terms, soap and detergent imports rose slightly to $X in 2022. Over the period under review, imports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest soap and detergent supplier to India, accounting for a X% share of total imports. Moreover, soap and detergent imports from Indonesia exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by the United States (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Indonesia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United States (X% per year).

In value terms, Indonesia ($X) constituted the largest supplier of soap and detergents to India, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Indonesia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average soap and detergent import price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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