Saudi Arabia: Soap Market 2024

Soap Market Size in Saudi Arabia

In 2021, after two years of growth, there was significant decline in the Saudi soap market, when its value decreased by -5.2% to $X. In general, the total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +88.0% against 2016 indices. Soap consumption peaked at $X in 2020, and then declined in the following year.

Soap Production in Saudi Arabia

In value terms, soap production dropped slightly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 43%. Soap production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Soap Exports

Exports from Saudi Arabia

In 2021, approx. X tons of soap were exported from Saudi Arabia; growing by 26% against 2020. Overall, exports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2019 when exports increased by 28% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, soap exports stood at $X in 2021. Over the period under review, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2017 when exports increased by 2.7% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for soap exports from Saudi Arabia, with a 52% share of total exports. Moreover, soap exports to the United Arab Emirates exceeded the volume sent to the second major destination, Kuwait (X tons), threefold. The third position in this ranking was held by Yemen (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to -3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (-6.2% per year) and Yemen (-4.1% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for soap exports from Saudi Arabia, comprising 49% of total exports. The second position in the ranking was taken by Kuwait ($X), with a 15% share of total exports. It was followed by Yemen, with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates totaled -3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (-6.4% per year) and Yemen (-10.3% per year).

Export Prices by Country

In 2021, the average soap export price amounted to $X per ton, which is down by -19.6% against the previous year. In general, the export price showed a slight contraction. The growth pace was the most rapid in 2020 an increase of 19%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Iraq ($X per ton), while the average price for exports to Jordan ($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 Sudan (+6.5%), while the prices for the other major destinations experienced mixed trend patterns.

Soap Imports

Imports into Saudi Arabia

Soap imports into Saudi Arabia was estimated at X tons in 2021, flattening at the previous year. In general, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -14.4% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 30%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, soap imports reduced dramatically to $X in 2021. Over the period under review, total imports indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -27.3% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 42%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Jordan (X tons), the United Arab Emirates (X tons) and China (X tons) were the main suppliers of soap imports to Saudi Arabia, with a combined 58% share of total imports. Germany, the UK, India, Indonesia, Italy, the United States, Bahrain, the Czech Republic, Spain and Egypt lagged somewhat behind, together comprising a further 33%.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +65.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of soap to Saudi Arabia, comprising 34% of total imports. The second position in the ranking was held by Jordan ($X), with a 13% share of total imports. It was followed by Bahrain, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates totaled +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Jordan (+54.7% per year) and Bahrain (+45.7% per year).

Import Prices by Country

In 2021, the average soap import price amounted to $X per ton, shrinking by -23.2% against the previous year. Overall, the import price recorded a slight contraction. The pace of growth appeared the most rapid in 2020 an increase of 11% against the previous year. As a result, import price reached the peak level of $X per ton, and then fell dramatically in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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