Sri Lanka: Soap In Bars Market 2024

Soap In Bars Market Size in Sri Lanka

The Sri Lankan soap in bars market dropped modestly to $X in 2022, declining by X% against the previous year. In general, consumption, however, posted buoyant growth. Soap in bars consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Soap In Bars Production in Sri Lanka

In value terms, soap in bars production shrank slightly to $X in 2022 estimated in export price. Overall, production saw buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Soap In Bars Exports

Exports from Sri Lanka

In 2022, exports of soap and organic surface-active products in bars from Sri Lanka skyrocketed to X tons, with an increase of X% against the previous year's figure. Over the period under review, exports, however, continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, soap in bars exports surged to $X in 2022. Overall, exports, however, recorded a abrupt slump. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Maldives (X tons) was the main destination for soap in bars exports from Sri Lanka, accounting for a X% share of total exports. Moreover, soap in bars exports to Maldives exceeded the volume sent to the second major destination, Australia (X tons), twofold. The United Arab Emirates (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Maldives amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and the United Arab Emirates (X% per year).

In value terms, Maldives ($X), Australia ($X) and the United Arab Emirates ($X) constituted the largest markets for soap in bars exported from Sri Lanka worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average soap in bars export price amounted to $X per ton, reducing by X% against the previous year. Overall, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, soap in bars export price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2019 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (X%), while the prices for the other major destinations experienced more modest paces of growth.

Soap In Bars Imports

Imports into Sri Lanka

In 2022, overseas purchases of soap and organic surface-active products in bars decreased by X% to X tons, falling for the fifth consecutive year after two years of growth. Over the period under review, imports faced a significant curtailment. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, soap in bars imports plummeted to $X in 2022. Overall, imports recorded a precipitous curtailment. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest soap in bars supplier to Sri Lanka, with a X% share of total imports. Moreover, soap in bars imports from India exceeded the figures recorded by the second-largest supplier, Turkey (X kg), more than tenfold. The United Arab Emirates (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and the United Arab Emirates (X% per year).

In value terms, India ($X) constituted the largest supplier of soap and organic surface-active products in bars to Sri Lanka, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and the UK (X% per year).

Import Prices by Country

The average soap in bars import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2015 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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