Latin America and the Caribbean: Market for Soap And Organic Surface-Active Products In Bars Other Than For Toilet Use 2024

Market Size for Soap And Organic Surface-Active Products In Bars Other Than For Toilet Use in Latin America and the Caribbean

The Latin American market for soap and organic surface-active products in bars other than for toilet use totaled $X in 2022, rising by 12% against the previous year. The total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.4% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Soap And Organic Surface-Active Products In Bars Other Than For Toilet Use in Latin America and the Caribbean

In value terms, production of soap and organic surface-active products in bars other than for toilet use amounted to $X in 2022 estimated in export price. The total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.8% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of 19% against the previous year. Over the period under review, production of reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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

Exports in Latin America and the Caribbean

In 2022, after three years of growth, there was significant decline in overseas shipments of soap and organic surface-active products in bars other than for toilet use, when their volume decreased by -14.5% to X tons. Total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +6.7% 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 +34.2% against 2018 indices. The pace of growth was the most pronounced in 2013 with an increase of 36%. The volume of export peaked at X tons in 2021, and then reduced in the following year.

In value terms, exports of soap and organic surface-active products in bars other than for toilet use rose sharply to $X in 2022. Total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +8.0% 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 +58.5% against 2013 indices. The most prominent rate of growth was recorded in 2013 with an increase of 36% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Honduras was the major exporter of soap and organic surface-active products in bars other than for toilet use in Latin America and the Caribbean, with the volume of exports finishing at X tons, which was near 45% of total exports in 2022. Guatemala (X tons) took the second position in the ranking, followed by Mexico (X tons). All these countries together held approx. 41% share of total exports. The following exporters - the Dominican Republic (X tons), Colombia (X tons), Peru (X tons) and Brazil (X tons) - together made up 10% of total exports.

From 2012 to 2022, average annual rates of growth with regard to soap in bars other than for toilet use exports from Honduras stood at +7.6%. At the same time, Mexico (+20.4%), the Dominican Republic (+12.8%), Guatemala (+8.9%), Colombia (+7.9%) and Peru (+7.5%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +20.4% from 2012-2022. By contrast, Brazil (-10.4%) illustrated a downward trend over the same period. Mexico (+14 p.p.), Guatemala (+3.9 p.p.), Honduras (+3.9 p.p.) and the Dominican Republic (+1.8 p.p.) significantly strengthened its position in terms of the total exports, while Brazil saw its share reduced by -9.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest soap in bars other than for toilet use supplying countries in Latin America and the Caribbean were Honduras ($X), Mexico ($X) and Guatemala ($X), together comprising 86% of total exports.

Among the main exporting countries, Mexico, with a CAGR of +23.3%, 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 2022, the export price in Latin America and the Caribbean amounted to $X per ton, growing by 30% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+2.9%), while the other leaders experienced more modest paces of growth.

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

Imports in Latin America and the Caribbean

In 2022, overseas purchases of soap and organic surface-active products in bars other than for toilet use decreased by -0.1% to X tons, falling for the second year in a row after two years of growth. Total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -4.6% against 2020 indices. The pace of growth was the most pronounced in 2019 with an increase of 18% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of soap and organic surface-active products in bars other than for toilet use expanded significantly to $X in 2022. Total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.1% 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 +63.9% against 2012 indices. The growth pace was the most rapid in 2017 with an increase of 11%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, El Salvador (X tons), Chile (X tons) and Guatemala (X tons) was the main importer of soap and organic surface-active products in bars other than for toilet use in Latin America and the Caribbean, creating 49% of total import. Peru (X tons) took a 9% share (based on physical terms) of total imports, which put it in second place, followed by Nicaragua (7.6%), Bolivia (6.9%), Colombia (5.2%) and Venezuela (4.9%).

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of +25.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest soap in bars other than for toilet use importing markets in Latin America and the Caribbean were Chile ($X), Guatemala ($X) and El Salvador ($X), together accounting for 49% of total imports.

Chile, with a CAGR of +18.4%, saw the highest rates of growth with regard to 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 Latin America and the Caribbean amounted to $X per ton, rising by 8.2% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by 9.2% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nicaragua ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nicaragua (+4.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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