Spain: Soap Market 2024

Soap Market Size in Spain

The Spanish soap market was estimated at $X in 2021, almost unchanged from the previous year. The market value increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Soap consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Soap Production in Spain

In value terms, soap production declined remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, showed a dramatic decrease. The most prominent rate of growth was recorded in 2020 with an increase of 16%. As a result, production attained the peak level of $X, and then fell dramatically in the following year.

Soap Exports

Exports from Spain

In 2021, shipments abroad of soap increased by 6.6% to X tons, rising for the sixth consecutive year after two years of decline. Over the period under review, exports saw a resilient increase. The pace of growth appeared the most rapid in 2020 when exports increased by 30% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, soap exports expanded slightly to $X in 2021. In general, exports posted resilient growth. The growth pace was the most rapid in 2020 when exports increased by 35%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in years to come.

Exports by Country

Portugal (X tons), Germany (X tons) and the UK (X tons) were the main destinations of soap exports from Spain, with a combined 47% share of total exports. These countries were followed by France, South Africa, Poland, Morocco, Italy, the United States, Saudi Arabia, Colombia, Libya and the Czech Republic, which together accounted for a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Africa (with a CAGR of +98.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for soap exported from Spain were Portugal ($X), Germany ($X) and the UK ($X), with a combined 41% share of total exports. These countries were followed by France, Poland, Italy, Morocco, the United States, South Africa, Saudi Arabia, Colombia, the Czech Republic and Libya, which together accounted for a further 35%.

South Africa, with a CAGR of +80.9%, saw the highest rates of growth with regard to 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 export price amounted to $X per ton, which is down by -3.9% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 11% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Poland ($X per ton), while the average price for exports to Libya ($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 Poland (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Soap Imports

Imports into Spain

Soap imports into Spain rose slightly to X tons in 2021, with an increase of 4.2% against the year before. Overall, total imports indicated a pronounced expansion from 2012 to 2021: its volume increased at an average annual rate of +2.1% 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 -4.2% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 66%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, soap imports expanded markedly to $X in 2021. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.3% 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 increased by +58.9% against 2017 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 33% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

Italy (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of soap imports to Spain, together accounting for 65% 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 +27.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest soap suppliers to Spain were the Netherlands ($X), Germany ($X) and Italy ($X), together comprising 59% of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +28.8%, 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 import price stood at $X per ton in 2021, picking up by 6% against the previous year. In general, the import price saw a prominent expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 49% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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