India: Market for Soap In Different Forms 2024

Market Size for Soap In Different Forms in India

The Indian soap in different forms market expanded slightly to $X in 2021, with an increase of 4% against the previous year. The market value increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Soap in different forms consumption peaked in 2021 and is expected to retain growth in the immediate term.

Production of Soap In Different Forms in India

In value terms, soap in different forms production rose to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 with an increase of 20%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Soap In Different Forms

Exports from India

In 2021, shipments abroad of soap in different forms decreased by -14.2% to X tons for the first time since 2017, thus ending a three-year rising trend. Over the period under review, exports, however, posted a resilient expansion. The growth pace was the most rapid in 2014 when exports increased by 100% against the previous year. The exports peaked at X tons in 2020, and then fell in the following year.

In value terms, soap in different forms exports declined to $X in 2021. Overall, total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +72.0% against 2017 indices. The growth pace was the most rapid in 2014 with an increase of 63%. The exports peaked at $X in 2020, and then fell in the following year.

Exports by Country

Nepal (X tons), the United Arab Emirates (X tons) and Iran (X tons) were the main destinations of soap in different forms exports from India, together accounting for 89% of total exports.

From 2012 to 2021, the biggest increases were recorded for Iran (with a CAGR of +284.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Nepal ($X), the United Arab Emirates ($X) and Iran ($X) constituted the largest markets for soap in different forms exported from India worldwide, with a combined 89% share of total exports.

Among the main countries of destination, Iran, with a CAGR of +197.8%, 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

In 2021, the average soap in different forms export price amounted to $X per ton, increasing by 2.8% against the previous year. Overall, the export price, however, continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2017 an increase of 21% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+12.1%), while the prices for the other major destinations experienced a decline.

Imports of Soap In Different Forms

Imports into India

Soap in different forms imports into India expanded slightly to X tons in 2021, increasing by 2% against the year before. Over the period under review, imports recorded a remarkable increase. The growth pace was the most rapid in 2017 with an increase of 101% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, soap in different forms imports surged to $X in 2021. In general, imports saw prominent growth. The pace of growth appeared the most rapid in 2020 with an increase of 90%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest soap in different forms supplier to India, with a 69% share of total imports. Moreover, soap in different forms imports from Indonesia exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Indonesia amounted to +50.2%.

In value terms, Indonesia ($X) constituted the largest supplier of soap in different forms to India, comprising 69% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 29% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Indonesia amounted to +46.9%.

Import Prices by Country

The average soap in different forms import price stood at $X per ton in 2021, growing by 35% against the previous year. In general, the import price, however, showed a noticeable contraction. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for Malaysia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (-0.3%).

Source: IndexBox Platform

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