Portugal: Market for Soap In Different Forms 2024

Market Size for Soap In Different Forms in Portugal

In 2021, the Portuguese soap in different forms market increased by 77% to $X, rising for the fifth year in a row after three years of decline. Overall, consumption continues to indicate a buoyant increase. Over the period under review, the market attained the peak level in 2021 and is likely to see gradual growth in the near future.

Production of Soap In Different Forms in Portugal

In value terms, soap in different forms production skyrocketed to $X in 2021 estimated in export price. Overall, production enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 293% against the previous year. Over the period under review, production reached the peak level in 2021 and is likely to see gradual growth in the near future.

Exports of Soap In Different Forms

Exports from Portugal

In 2021, overseas shipments of soap in different forms decreased by -54.5% to X tons, falling for the third consecutive year after three years of growth. Over the period under review, exports saw a noticeable setback. The pace of growth was the most pronounced in 2018 with an increase of 163%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, soap in different forms exports fell remarkably to $X in 2021. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by 154% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for soap in different forms exports from Portugal, accounting for a 72% share of total exports. Moreover, soap in different forms exports to Spain exceeded the volume sent to the second major destination, France (X tons), ninefold. Cyprus (X tons) ranked third in terms of total exports with a 6.6% share.

From 2012 to 2021, the average annual growth rate of volume to Spain stood at +31.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+61.4% per year) and Cyprus (+53.2% per year).

In value terms, Spain ($X) remains the key foreign market for soap in different forms exports from Portugal, comprising 71% of total exports. The second position in the ranking was taken by France ($X), with a 6.1% share of total exports. It was followed by Cyprus, with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain totaled +32.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+57.4% per year) and Cyprus (+59.3% per year).

Export Prices by Country

In 2021, the average soap in different forms export price amounted to $X per ton, growing by 37% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.1%. The pace of growth appeared the most rapid in 2017 when the average export price increased by 49%. As a result, the export price attained the peak level of $X per ton; afterwards, it flattened through to 2021.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Sao Tome and Principe ($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 the UK (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Soap In Different Forms

Imports into Portugal

In 2021, purchases abroad of soap in different forms increased by 4.2% to X tons, rising for the fifth consecutive year after three years of decline. Over the period under review, imports, however, continue to indicate a mild contraction. The most prominent rate of growth was recorded in 2018 with an increase of 69% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, soap in different forms imports stood at $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 67%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Spain (X tons) constituted the largest soap in different forms supplier to Portugal, with a 55% share of total imports. Moreover, soap in different forms imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. Poland (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain amounted to -5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.9% per year) and Poland (+38.2% per year).

In value terms, Spain ($X) constituted the largest supplier of soap in different forms to Portugal, comprising 52% of total imports. The second position in the ranking was held by Germany ($X), with a 17% share of total imports. It was followed by France, with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain totaled -4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.2% per year) and France (+2.3% per year).

Import Prices by Country

The average soap in different forms import price stood at $X per ton in 2021, falling by -4% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 4.9%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for Poland ($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 (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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