Latin America and the Caribbean: Market for Soap In Different Forms 2025

Market Size for Soap In Different Forms in Latin America and the Caribbean

The Latin American soap in different forms market totaled $X in 2021, with an increase of 8.4% against the previous year. The market value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Soap In Different Forms in Latin America and the Caribbean

In value terms, soap in different forms production rose modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the production volume increased by 20% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Soap In Different Forms

Exports in Latin America and the Caribbean

In 2021, shipments abroad of soap in different forms decreased by -46.9% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports continue to indicate a noticeable slump. The growth pace was the most rapid in 2020 when exports increased by 66% against the previous year. As a result, the exports attained the peak of X tons, and then dropped notably in the following year.

In value terms, soap in different forms exports declined sharply to $X in 2021. In general, exports recorded a abrupt contraction. The pace of growth was the most pronounced in 2020 with an increase of 49% against the previous year. As a result, the exports attained the peak of $X, and then shrank remarkably in the following year.

Exports by Country

Mexico was the major exporting country with an export of about X tons, which reached 62% of total exports. Brazil (X tons) ranks second in terms of the total exports with an 11% share, followed by Guatemala (10%) and Ecuador (5.6%). The following exporters - the Dominican Republic (X tons) and El Salvador (X tons) - each amounted to a 6% share of total exports.

Exports from Mexico decreased at an average annual rate of -6.1% from 2012 to 2021. At the same time, El Salvador (+65.8%) and Guatemala (+2.3%) displayed positive paces of growth. Moreover, El Salvador emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +65.8% from 2012-2021. By contrast, Ecuador (-4.2%), the Dominican Republic (-4.7%) and Brazil (-5.4%) illustrated a downward trend over the same period. Guatemala (+4.9 p.p.) and El Salvador (+2.9 p.p.) significantly strengthened its position in terms of the total exports, while Mexico saw its share reduced by -7.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest soap in different forms supplier in Latin America and the Caribbean, comprising 59% of total exports. The second position in the ranking was held by Brazil ($X), with a 14% share of total exports. It was followed by Guatemala, with a 7.9% share.

In Mexico, soap in different forms exports plunged by an average annual rate of -6.2% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (-8.2% per year) and Guatemala (+2.0% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, picking up by 6.9% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 21%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the Dominican Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+5.0%), while the other leaders experienced a decline in the export price figures.

Imports of Soap In Different Forms

Imports in Latin America and the Caribbean

In 2021, purchases abroad of soap in different forms increased by 19% to X tons, rising for the second year in a row after four years of decline. Total imports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +80.0% against 2019 indices. The pace of growth was the most pronounced in 2014 when imports increased by 60%. The volume of import peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, soap in different forms imports stood at $X in 2021. The total import value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 45%. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Cuba dominates imports structure, recording X tons, which was near 57% of total imports in 2021. It was distantly followed by Peru (X tons), committing an 8.9% share of total imports. Panama (X tons), Chile (X tons), Colombia (X tons), Argentina (X tons), Mexico (X tons), Jamaica (X tons) and Trinidad and Tobago (X tons) followed a long way behind the leaders.

Imports into Cuba increased at an average annual rate of +10.6% from 2012 to 2021. At the same time, Panama (+35.2%), Trinidad and Tobago (+25.1%), Argentina (+16.1%), Peru (+13.4%) and Chile (+4.6%) displayed positive paces of growth. Moreover, Panama emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +35.2% from 2012-2021. By contrast, Jamaica (-1.6%), Mexico (-6.4%) and Colombia (-11.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Cuba, Peru, Panama and Argentina increased by +22, +4.6, +3.9 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cuba ($X) constitutes the largest market for imported soap in different forms in Latin America and the Caribbean, comprising 39% of total imports. The second position in the ranking was held by Peru ($X), with a 7.3% share of total imports. It was followed by Panama, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value in Cuba stood at +7.1%. The remaining importing countries recorded the following average annual rates of imports growth: Peru (+8.8% per year) and Panama (+33.9% per year).

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, shrinking by -8.3% against the previous year. Over the period under review, the import price saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 6%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Mexico ($X per ton), while Cuba ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+2.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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