Spain: Market for Soap In Different Forms 2024

Market Size for Soap In Different Forms in Spain

The Spanish soap in different forms market fell sharply to $X in 2021, dropping by -27.7% against the previous year. Over the period under review, consumption saw a noticeable downturn. The most prominent rate of growth was recorded in 2020 when the market value increased by 9.1%. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Production of Soap In Different Forms in Spain

In value terms, soap in different forms production reduced remarkably to $X in 2021 estimated in export price. Over the period under review, production showed a sharp shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 35%. As a result, production attained the peak level of $X, and then shrank remarkably in the following year.

Exports of Soap In Different Forms

Exports from Spain

Soap in different forms exports from Spain surged to X tons in 2021, picking up by 16% compared with the previous year's figure. Over the period under review, exports enjoyed a buoyant increase. The growth pace was the most rapid in 2018 with an increase of 28%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, soap in different forms exports expanded notably to $X in 2021. In general, exports continue to indicate strong growth. The pace of growth appeared the most rapid in 2020 with an increase of 42%. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Portugal (X tons) was the main destination for soap in different forms exports from Spain, with a 20% share of total exports. Moreover, soap in different forms exports to Portugal exceeded the volume sent to the second major destination, Morocco (X tons), twofold. Saudi Arabia (X tons) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume to Portugal stood at +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+25.3% per year) and Saudi Arabia (+91.4% per year).

In value terms, Portugal ($X) remains the key foreign market for soap in different forms exports from Spain, comprising 19% of total exports. The second position in the ranking was held by Germany ($X), with a 7.9% share of total exports. It was followed by France, with a 7% share.

From 2012 to 2021, the average annual growth rate of value to Portugal amounted to +10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+26.1% per year) and France (+2.7% per year).

Export Prices by Country

The average soap in different forms export price stood at $X per ton in 2021, waning by -4.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2020 an increase of 18%. As a result, the export price reached the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Saudi Arabia ($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 Peru (+18.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Soap In Different Forms

Imports into Spain

In 2021, soap in different forms imports into Spain reduced to X tons, dropping by -9.1% compared with 2020. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 22% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, soap in different forms imports stood at $X in 2021. The total import value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 19% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Portugal (X tons), Italy (X tons) and the Netherlands (X tons) were the main suppliers of soap in different forms imports to Spain, with a combined 60% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +40.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), the Netherlands ($X) and France ($X) appeared to be the largest soap in different forms suppliers to Spain, together accounting for 63% of total imports.

The Netherlands, with a CAGR of +34.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average soap in different forms import price amounted to $X per ton, with an increase of 11% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.3%. The pace of growth was the most pronounced in 2019 an increase of 20% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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