Russian Federation: Market for Soap In Different Forms 2024

Market Size for Soap In Different Forms in the Russian Federation

The Russian soap in different forms market soared to $X in 2021, surging by 20% against the previous year. The market value increased at an average annual rate of +1.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Production of Soap In Different Forms in the Russian Federation

In value terms, soap in different forms production surged to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 53%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Exports of Soap In Different Forms

Exports from the Russian Federation

After nine years of growth, overseas shipments of soap in different forms decreased by -12.6% to X tons in 2021. In general, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 58% against the previous year. The exports peaked at X tons in 2020, and then contracted in the following year.

In value terms, soap in different forms exports declined to $X in 2021. Over the period under review, exports, however, enjoyed resilient growth. The growth pace was the most rapid in 2019 when exports increased by 59%. Over the period under review, the exports attained the maximum at $X in 2020, and then declined in the following year.

Exports by Country

Kazakhstan (X tons), Belarus (X tons) and Ukraine (X tons) were the main destinations of soap in different forms exports from Russia, with a combined 73% share of total exports. Azerbaijan, Tajikistan, Uzbekistan, Kyrgyzstan, Georgia and Armenia lagged somewhat behind, together comprising a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tajikistan (with a CAGR of +52.4%), while the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X), Belarus ($X) and Ukraine ($X) constituted the largest markets for soap in different forms exported from Russia worldwide, with a combined 66% share of total exports.

Belarus, with a CAGR of +31.5%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average soap in different forms export price amounted to $X per ton, increasing by 4% against the previous year. Overall, the export price, however, showed a deep reduction. The growth pace was the most rapid in 2017 when the average export price increased by 4.7% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Tajikistan ($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 Uzbekistan (+2.7%), while the prices for the other major destinations experienced a decline.

Imports of Soap In Different Forms

Imports into the Russian Federation

In 2021, overseas purchases of soap in different forms decreased by -5.6% to X tons for the first time since 2016, thus ending a four-year rising trend. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 20% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, soap in different forms imports expanded significantly to $X in 2021. Over the period under review, imports recorded a mild downturn. The growth pace was the most rapid in 2020 when imports increased by 18%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Turkey (X tons), Finland (X tons) and Sweden (X tons) were the main suppliers of soap in different forms imports to Russia, together accounting for 55% of total imports. These countries were followed by Italy, Poland, Indonesia, China, Germany, Belarus, Malaysia, Japan, France and the UK, which together accounted for a further 40%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belarus (with a CAGR of +76.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest soap in different forms suppliers to Russia were Sweden ($X), Turkey ($X) and Italy ($X), together accounting for 49% of total imports. Poland, France, Indonesia, China, Finland, Germany, Japan, the UK, Belarus and Malaysia lagged somewhat behind, together comprising a further 37%.

Among the main suppliers, Belarus, with a CAGR of +49.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average soap in different forms import price stood at $X per ton in 2021, growing by 19% against the previous year. Overall, the import price, however, continues to indicate a mild contraction. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a 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 ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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