Turkey: Market for Soap In Different Forms 2024

Market Size for Soap In Different Forms in Turkey

In 2021, the Turkish soap in different forms market decreased by -4.7% to $X, falling for the second year in a row after eight years of growth. Over the period under review, consumption, however, recorded a buoyant expansion. Soap in different forms consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Soap In Different Forms in Turkey

In value terms, soap in different forms production stood at $X in 2021 estimated in export price. Overall, production, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 76% against the previous year. Soap in different forms production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Soap In Different Forms

Exports from Turkey

Soap in different forms exports from Turkey contracted remarkably to X tons in 2021, reducing by -50.2% compared with the year before. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 25%. As a result, the exports attained the peak of X tons, and then declined rapidly in the following year.

In value terms, soap in different forms exports fell notably to $X in 2021. In general, exports showed a noticeable contraction. The most prominent rate of growth was recorded in 2020 with an increase of 23% against the previous year. As a result, the exports reached the peak of $X, and then declined significantly in the following year.

Exports by Country

Iraq (X tons), the United States (X tons) and Israel (X tons) were the main destinations of soap in different forms exports from Turkey, together comprising 43% of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +21.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for soap in different forms exported from Turkey were Iraq ($X), the United States ($X) and Israel ($X), together comprising 36% of total exports.

The United States, with a CAGR of +19.6%, saw 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, with an increase of 9.5% against the previous year. In general, the export price, however, recorded a pronounced shrinkage. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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 the United Arab Emirates ($X per ton), while the average price for exports to Georgia ($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 the United Arab Emirates (+6.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Soap In Different Forms

Imports into Turkey

In 2021, soap in different forms imports into Turkey dropped notably to X tons, with a decrease of -33.7% on 2020 figures. In general, imports, however, showed a measured expansion. The most prominent rate of growth was recorded in 2015 with an increase of 83% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, soap in different forms imports dropped to $X in 2021. Over the period under review, total imports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.5% 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 -34.7% against 2015 indices. The pace of growth appeared the most rapid in 2015 with an increase of 49%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Malaysia (X tons), Indonesia (X tons) and South Korea (X tons) were the main suppliers of soap in different forms imports to Turkey, with a combined 93% share of total imports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +244.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest soap in different forms suppliers to Turkey were Malaysia ($X), Indonesia ($X) and France ($X), together accounting for 88% of total imports. These countries were followed by South Korea and Italy, which together accounted for a further 6.6%.

Among the main suppliers, South Korea, with a CAGR of +181.6%, recorded the highest growth rate of 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, increasing by 44% against the previous year. In general, import price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, soap in different forms import price increased by +65.8% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+1.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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