Italy: Market for Soap In Different Forms 2024

Market Size for Soap In Different Forms in Italy

For the seventh year in a row, the Italian soap in different forms market recorded growth in sales value, which increased by 70% to $X in 2021. In general, consumption posted a remarkable increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Soap In Different Forms in Italy

In value terms, soap in different forms production shrank to $X in 2021 estimated in export price. In general, production, however, showed a drastic downturn. The pace of growth was the most pronounced in 2020 when the production volume increased by 55%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Soap In Different Forms

Exports from Italy

Soap in different forms exports from Italy fell modestly to X tons in 2021, waning by -1.6% compared with the previous year. In general, exports continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2013 when exports increased by 63%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, soap in different forms exports dropped slightly to $X in 2021. Overall, exports showed a deep reduction. The most prominent rate of growth was recorded in 2013 when exports increased by 59% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Greece (X tons) was the main destination for soap in different forms exports from Italy, accounting for a 22% share of total exports. Moreover, soap in different forms exports to Greece exceeded the volume sent to the second major destination, Germany (X tons), twofold. The third position in this ranking was taken by Poland (X tons), with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Greece amounted to +3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-5.1% per year) and Poland (+2.2% per year).

In value terms, Greece ($X), Germany ($X) and Spain ($X) constituted the largest markets for soap in different forms exported from Italy worldwide, together comprising 30% of total exports. The Netherlands, Poland, Denmark, Libya, France, Romania, the UK, Bulgaria, Slovenia and Austria lagged somewhat behind, together accounting for a further 39%.

In terms of the main countries of destination, Austria, with a CAGR of +12.3%, recorded the highest growth rate of 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, remaining constant against the previous year. Overall, the export price recorded a perceptible setback. The growth pace was the most rapid in 2017 an increase of 25% against the previous year. The export price peaked 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 external markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Austria ($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 Libya (+1.8%), while the prices for the other major destinations experienced a decline.

Imports of Soap In Different Forms

Imports into Italy

In 2021, the amount of soap in different forms imported into Italy shrank sharply to X tons, with a decrease of -17.1% on the previous year. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 18%. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, soap in different forms imports totaled $X in 2021. The total import value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 12% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

France (X tons), Poland (X tons) and Indonesia (X tons) were the main suppliers of soap in different forms imports to Italy, with a combined 48% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +55.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Poland ($X) constituted the largest soap in different forms suppliers to Italy, together accounting for 45% of total imports.

Poland, with a CAGR of +40.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average soap in different forms import price amounted to $X per ton, jumping by 24% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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