Mexico: 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 Mexico

The Mexican market for soap and organic surface-active products in bars other than for toilet use expanded sharply to $X in 2022, growing by 14% against the previous year. Overall, consumption continues to indicate pronounced growth. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Soap And Organic Surface-Active Products In Bars Other Than For Toilet Use in Mexico

In value terms, production of soap and organic surface-active products in bars other than for toilet use rose sharply to $X in 2022 estimated in export price. In general, production saw prominent growth. The pace of growth appeared the most rapid in 2016 when the production volume increased by 59%. Production of peaked 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 from Mexico

In 2022, overseas shipments of soap and organic surface-active products in bars other than for toilet use increased by 5.3% to X tons, rising for the sixth year in a row after three years of decline. Over the period under review, exports saw a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 96%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of soap and organic surface-active products in bars other than for toilet use surged to $X in 2022. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 102%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons) was the main destination for exports of soap and organic surface-active products in bars other than for toilet use from Mexico, accounting for a 83% share of total exports. Moreover, exports of soap and organic surface-active products in bars other than for toilet use to the United States exceeded the volume sent to the second major destination, Costa Rica (X tons), more than tenfold. The third position in this ranking was held by Guatemala (X tons), with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +28.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (+19.2% per year) and Guatemala (+20.7% per year).

In value terms, the United States ($X) remains the key foreign market for soap and organic surface-active products in bars other than for toilet use exports from Mexico, comprising 86% of total exports. The second position in the ranking was taken by Panama ($X), with a 3.7% share of total exports. It was followed by Costa Rica, with a 3% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +32.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+11.7% per year) and Costa Rica (+15.2% per year).

Export Prices by Country

In 2022, the average export price for soap and organic surface-active products in bars other than for toilet use amounted to $X per ton, growing by 18% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The pace of growth appeared the most rapid in 2018 an increase of 26%. The export price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to El Salvador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+7.8%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Mexico

In 2022, after two years of decline, there was significant growth in supplies from abroad of soap and organic surface-active products in bars other than for toilet use, when their volume increased by 11% to X tons. Overall, imports, however, saw a perceptible slump. The pace of growth was the most pronounced in 2019 with an increase of 37% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of soap and organic surface-active products in bars other than for toilet use skyrocketed to $X in 2022. Over the period under review, imports, however, saw a perceptible curtailment. The pace of growth was the most pronounced in 2015 when imports increased by 19%. Over the period under review, imports of attained the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest soap in bars other than for toilet use supplier to Mexico, with a 57% share of total imports. Moreover, imports of soap and organic surface-active products in bars other than for toilet use from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was held by the UK (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to -4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.0% per year) and the UK (+15.7% per year).

In value terms, the United States ($X) constituted the largest supplier of soap and organic surface-active products in bars other than for toilet use to Mexico, comprising 62% of total imports. The second position in the ranking was taken by China ($X), with an 18% share of total imports. It was followed by the UK, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+12.0% per year) and the UK (+15.3% per year).

Import Prices by Country

The average import price for soap and organic surface-active products in bars other than for toilet use stood at $X per ton in 2022, picking up by 6.5% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 29%. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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