South Africa: Market for Soap In Different Forms 2024

Market Size for Soap In Different Forms in South Africa

The South African soap in different forms market surged to $X in 2021, growing by 45% against the previous year. Over the period under review, consumption, however, faced a abrupt contraction. Soap in different forms consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Soap In Different Forms in South Africa

In value terms, soap in different forms production expanded modestly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2015 when the production volume increased by 9.9% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Soap In Different Forms

Exports from South Africa

In 2021, shipments abroad of soap in different forms decreased by -50.4% to X tons, falling for the third year in a row after four years of growth. Over the period under review, exports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2015 with an increase of 28% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, soap in different forms exports fell markedly to $X in 2021. Overall, exports showed a perceptible descent. The growth pace was the most rapid in 2017 with an increase of 8.7% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Botswana (X tons), Angola (X tons) and Mozambique (X tons) were the main destinations of soap in different forms exports from South Africa, with a combined 54% share of total exports. Namibia, Democratic Republic of the Congo, Lesotho, Swaziland, Zambia and Zimbabwe lagged somewhat behind, together comprising a further 40%.

From 2012 to 2021, the biggest increases were recorded for Democratic Republic of the Congo (with a CAGR of +14.6%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Botswana ($X), Namibia ($X) and Lesotho ($X) were the largest markets for soap in different forms exported from South Africa worldwide, with a combined 52% share of total exports. These countries were followed by Democratic Republic of the Congo, Mozambique, Angola, Swaziland, Zambia and Zimbabwe, which together accounted for a further 39%.

Democratic Republic of the Congo, with a CAGR of +19.8%, recorded the highest growth rate of the value of exports, in terms of 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, rising by 62% against the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Lesotho ($X per ton), while the average price for exports to Angola ($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 Botswana (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Soap In Different Forms

Imports into South Africa

In 2021, soap in different forms imports into South Africa contracted notably to X tons, declining by -26.6% against the previous year's figure. Overall, imports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2015 with an increase of 155%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, soap in different forms imports amounted to $X in 2021. In general, imports, however, posted resilient growth. The pace of growth was the most pronounced in 2015 when imports increased by 86%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Malaysia (X tons) constituted the largest soap in different forms supplier to South Africa, with a 69% share of total imports. Moreover, soap in different forms imports from Malaysia exceeded the figures recorded by the second-largest supplier, Italy (X tons), fivefold. India (X tons) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2021, the average annual growth rate of volume from Malaysia stood at +30.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+42.9% per year) and India (+52.7% per year).

In value terms, the largest soap in different forms suppliers to South Africa were Malaysia ($X), Italy ($X) and the United States ($X), with a combined 83% share of total imports. India, China and Turkey lagged somewhat behind, together accounting for a further 11%.

Among the main suppliers, India, with a CAGR of +47.0%, saw the highest rates of growth with regard to 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 55% against the previous year. Over the period under review, the import price, however, saw a perceptible reduction. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 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 the United States ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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