Report Update Nov 1, 2024

Libya - Soap - Market Analysis, Forecast, Size, Trends and Insights

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Libya: Soap Market 2024

Soap Market Size in Libya

For the fourth consecutive year, the Libyan soap market recorded growth in sales value, which increased by 39% to $X in 2021. Over the period under review, consumption recorded resilient growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Soap Production in Libya

In value terms, soap production reduced remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, saw a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 3,084% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then contracted rapidly in the following year.

Soap Exports

Exports from Libya

In 2021, overseas shipments of soap decreased by -8.4% to X tons, falling for the eighth consecutive year after two years of growth. Overall, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 339% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, soap exports rose notably to $X in 2021. In general, total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.4% 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 decreased by -26.3% against 2017 indices. The pace of growth appeared the most rapid in 2013 with an increase of 190% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Ghana (X tons) was the main destination for soap exports from Libya, with a approx. 68% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ghana stood at -11.0%.

In value terms, Ghana ($X) emerged as the key foreign market for soap exports from Libya.

From 2012 to 2021, the average annual rate of growth in terms of value to Ghana totaled -14.1%.

Export Prices by Country

The average soap export price stood at $X per ton in 2021, with an increase of 19% against the previous year. In general, the export price continues to indicate significant growth. The growth pace was the most rapid in 2015 when the average export price increased by 107%. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Ghana.

From 2012 to 2021, the rate of growth in terms of prices for Niger amounted to +95.5% per year.

Soap Imports

Imports into Libya

In 2021, imports of soap into Libya skyrocketed to X tons, increasing by 160% against the previous year's figure. Over the period under review, imports posted a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, soap imports surged to $X in 2021. Overall, imports continue to indicate a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey (X tons), Italy (X tons) and Spain (X tons) were the main suppliers of soap imports to Libya, with a combined 39% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +25.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest soap suppliers to Libya were Turkey ($X), Italy ($X) and the United Arab Emirates ($X), with a combined 29% share of total imports. These countries were followed by Egypt, Spain, Indonesia and Tunisia, which together accounted for a further 14%.

Spain, with a CAGR of +18.4%, recorded the highest rates of growth with regard to the value of imports, among 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 import price amounted to $X per ton, reducing by -10.2% against the previous year. In general, the import price recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2020 an increase of 42% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for soap in the world?

The countries with the highest volumes of soap consumption in 2020 were China, India and the United States, with a combined 30% share of global consumption. Italy, Indonesia, Pakistan, Brazil, Nigeria, Bangladesh, Japan, Mexico, the UK and France lagged somewhat behind, together comprising a further 29%.

What are the largest producers of soap in the world?

The country with the largest volume of soap production was China, comprising approx. 19% of total volume. Moreover, soap production in China exceeded the figures recorded by the second-largest producer, Indonesia, twofold. India ranked third in terms of total production with a 6.6% share.

What are the leading suppliers of soap to Libya?

In value terms, Turkey, Italy and the United Arab Emirates were the largest soap suppliers to Libya, together accounting for 49% of total imports.

What are the leading importers of soap from Libya?

In value terms, Niger emerged as the key foreign market for soap exports from Libya, comprising 69% of total exports. The second position in the ranking was occupied by Ghana, with a 28% share of total exports.

What is the average export price for soap in Libya?

In 2020, the average soap export price amounted to $2,967 per ton, with an increase of 42% against the previous year.

What is the average import price for soap in Libya?

The average soap import price stood at $1,775 per ton in 2020, growing by 46% against the previous year.

This report provides an in-depth analysis of the soap market in Libya. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20413120 - Soap and organic surface-active products in bars, etc., n.e.c.
Prodcom 20413150 - Soap in the form of flakes, wafers, granules or powders
Prodcom 20413180 - Soap in forms excluding bars, cakes or moulded shapes, p aper, wadding, felt and non-wovens impregnated or coated with soap/detergent, flakes, granules or powders
Prodcom 20421915 - Soap and organic surface-active products in bars, etc., for toilet use
Prodcom 20421930 - Organic surface-active products and preparations for washing the skin, whether or not containing soap, p.r.s.

Country coverage:

Libya

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Libya
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023