Latin America and the Caribbean: Soap Market 2020

Soap Market Size in Latin America and the Caribbean

The revenue of the soap market in Latin America and the Caribbean amounted to $X in 2017, reducing by -X% against the previous year. The soap consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011, with an increase of X% year-to-year. Over the period under review, the soap market attained its maximum level of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Soap Production in Latin America and the Caribbean

In 2017, approx. X tons of soap in the form of flakes, wafers, granules or powders were produced in Latin America and the Caribbean; surging by X% against the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations over the period under review. The most prominent rate of growth was recorded in 2011, with an increase of X% y-o-y. The volume of soap production peaked in 2017, and is likely to see steady growth in the immediate term.

Soap Exports in Latin America and the Caribbean

In 2017, the amount of soap in the form of flakes, wafers, granules or powders exported in Latin America and the Caribbean stood at X tons, increasing by X% against the previous year. The total exports indicated a perceptible increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the soap exports decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2011, when it surged by X% y-o-y. Over the period under review, the soap exports reached its peak figure volume of X tons in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

In value terms, soap exports amounted to $X in 2017. The total exports indicated a temperate growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the soap exports decreased by -X% against 2015 indices. The level of exports peaked of $X in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Soap Exports by Country in Latin America and the Caribbean

Mexico prevails in soap exports structure, finishing at X tons, which was approx. X% of total exports in 2017. It was distantly followed by Colombia (X tons), constituting X% share of total exports. The following exporters - Guatemala (X tons) and Brazil (X tons) together made up X% of total exports.

From 2007 to 2017, average annual rates of growth with regard to soap exports from Mexico stood at +X%. At the same time, Colombia (+X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest growing exporter in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. By contrast, Guatemala (-X%) and Brazil (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Colombia and Mexico decreased by -X% and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest soap supplier in Latin America and the Caribbean, making up X% of global exports. The second position in the ranking was occupied by Colombia ($X), with a X% share of global exports. It was followed by Guatemala, with a X% share.

From 2007 to 2017, the average annual growth rate of value in Mexico stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Colombia (+X% per year) and Guatemala (-X% per year).

Soap Export Prices by Country in Latin America and the Caribbean

The soap export price in Latin America and the Caribbean stood at $X per ton in 2017, coming down by -X% against the previous year. The soap export price continues to indicate a mild downturn. The pace of growth appeared the most rapid in 2011, an increase of X% against the previous year. In that year, the export prices for soap in the form of flakes, wafers, granules or powders reached their peak level of $X per ton. From 2012 to 2017, growth of the export prices for soap in the form of flakes, wafers, granules or powders stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; the country with the highest export price was Colombia ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Colombia (+X% per year), while the other leaders experienced a decline in the export price figures.

Soap Imports in Latin America and the Caribbean

In 2017, imports of soap in the form of flakes, wafers, granules or powders in Latin America and the Caribbean stood at X tons, reducing by -X% against the previous year. The total import volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The growth pace was the most rapid in 2014, when it surged by X% y-o-y. Over the period under review, the soap imports attained its maximum volume of X tons in 2016, and then declined slightly in the following year.

In value terms, soap imports totaled $X in 2017. The total imports indicated a temperate growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the soap imports decreased by -X% against 2014 indices. The level of imports peaked of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Soap Imports by Country in Latin America and the Caribbean

In 2017, Venezuela (X tons), followed by Peru (X tons), Argentina (X tons), Mexico (X tons), Nicaragua (X tons) and Colombia (X tons) represented the main importers of soap in the form of flakes, wafers, granules or powders, together creating X% of total imports. The following importers - Chile (X tons), Guyana (X tons), El Salvador (X tons), Honduras (X tons), Costa Rica (X tons) and Brazil (X tons) together made up X% of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Venezuela (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest soap markets worldwide were Venezuela ($X), Mexico ($X) and Chile ($X), with a combined X% share of total imports.

Among the main importing countries , Venezuela (+X% per year) experienced the highest rates of growth with regard to imports, over the last decade, while the other leaders experienced more modest paces of growth.

Soap Import Prices by Country in Latin America and the Caribbean

In 2017, the soap import price in Latin America and the Caribbean amounted to $X per ton, dropping by -X% against the previous year. The soap import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011, when the import prices increased by X% against the previous year. The level of import price peaked of $X per ton in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Chile ($X per ton), while Nicaragua ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Honduras (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform