Peru: Market for Soap In Different Forms 2024

Market Size for Soap In Different Forms in Peru

In 2021, the Peruvian soap in different forms market increased by 52% to $X, rising for the second year in a row after four years of decline. In general, consumption showed strong growth. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Exports of Soap In Different Forms

Exports from Peru

In 2021, after two years of growth, there was significant decline in overseas shipments of soap in different forms, when their volume decreased by -34.6% to X tons. Over the period under review, exports, however, showed a buoyant increase. The growth pace was the most rapid in 2017 with an increase of 336%. Over the period under review, the exports hit record highs at X tons in 2020, and then contracted rapidly in the following year.

In value terms, soap in different forms exports declined markedly to $X in 2021. Overall, exports, however, continue to indicate pronounced growth. The most prominent rate of growth was recorded in 2017 with an increase of 92% against the previous year. Over the period under review, the exports reached the maximum at $X in 2020, and then fell markedly in the following year.

Exports by Country

Guatemala (X tons), Panama (X tons) and the United States (X tons) were the main destinations of soap in different forms exports from Peru, together comprising 76% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +95.3%), while the other leaders experienced more modest paces of growth.

In value terms, Guatemala ($X) emerged as the key foreign market for soap in different forms exports from Peru, comprising 61% of total exports. The second position in the ranking was held by Bolivia ($X), with a 9.1% share of total exports. It was followed by Colombia, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value to Guatemala totaled +13.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (-12.1% per year) and Colombia (-14.8% per year).

Export Prices by Country

The average soap in different forms export price stood at $X per ton in 2021, approximately reflecting the previous year. Overall, the export price, however, continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2016 an increase of 90% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Panama ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Soap In Different Forms

Imports into Peru

In 2021, overseas purchases of soap in different forms increased by 45% to X tons, rising for the second year in a row after three years of decline. Overall, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 55%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, soap in different forms imports surged to $X in 2021. Over the period under review, imports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2015 with an increase of 61% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, Malaysia (X tons) constituted the largest supplier of soap in different forms to Peru, accounting for a 76% share of total imports. Moreover, soap in different forms imports from Malaysia exceeded the figures recorded by the second-largest supplier, Turkey (X tons), more than tenfold. The third position in this ranking was held by Spain (X tons), with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Malaysia amounted to +22.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+667.0% per year) and Spain (+75.1% per year).

In value terms, Malaysia ($X) constituted the largest supplier of soap in different forms to Peru, comprising 61% of total imports. The second position in the ranking was taken by the United States ($X), with a 6.4% share of total imports. It was followed by Sweden, with a 5% share.

From 2012 to 2021, the average annual growth rate of value from Malaysia stood at +20.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+20.7% per year) and Sweden (+36.7% per year).

Import Prices by Country

In 2021, the average soap in different forms import price amounted to $X per ton, remaining stable against the previous year. Over the period under review, the import price showed a noticeable decrease. The most prominent rate of growth was recorded in 2015 when the average import price increased by 12%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Ecuador ($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 Netherlands (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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