U.S.: Market for Soap In Different Forms 2024

Market Size for Soap In Different Forms in the U.S.

The U.S. soap in different forms market dropped to $X in 2021, waning by -8.1% against the previous year. In general, consumption recorded a noticeable decrease. Soap in different forms consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Soap In Different Forms in the U.S.

In value terms, soap in different forms production declined to $X in 2021. Over the period under review, production, however, continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2020 with an increase of 5.7% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Soap In Different Forms

Exports from the U.S.

Soap in different forms exports from the United States declined remarkably to X tons in 2021, with a decrease of -15.9% against the year before. Over the period under review, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2019 with an increase of 6.3%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, soap in different forms exports fell to $X in 2021. Overall, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 5.8% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Canada (X tons) was the main destination for soap in different forms exports from the United States, with a 29% share of total exports. Moreover, soap in different forms exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), threefold. China (X tons) ranked third in terms of total exports with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+1.4% per year) and China (+1.6% per year).

In value terms, Canada ($X) remains the key foreign market for soap in different forms exports from the United States, comprising 29% of total exports. The second position in the ranking was held by Mexico ($X), with a 7% share of total exports. It was followed by the Netherlands, with a 5.6% share.

From 2012 to 2021, the average annual growth rate of value to Canada stood at +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-3.1% per year) and the Netherlands (+8.3% per year).

Export Prices by Country

In 2021, the average soap in different forms export price amounted to $X per ton, with an increase of 6.6% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2020 an increase of 15%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Trinidad and Tobago ($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 Thailand (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Soap In Different Forms

Imports into the U.S.

In 2021, the amount of soap in different forms imported into the United States shrank sharply to X tons, waning by -35.5% compared with the year before. In general, imports, however, enjoyed a measured increase. The pace of growth appeared the most rapid in 2020 when imports increased by 80%. As a result, imports attained the peak of X tons, and then dropped notably in the following year.

In value terms, soap in different forms imports shrank markedly to $X in 2021. Overall, imports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2020 when imports increased by 49% against the previous year. As a result, imports attained the peak of $X, and then contracted markedly in the following year.

Imports by Country

Mexico (X tons), Turkey (X tons) and China (X tons) were the main suppliers of soap in different forms imports to the United States, together accounting for 51% of total imports. These countries were followed by the UK, Indonesia, India, Malaysia, Canada, Germany, France and Spain, which together accounted for a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +53.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest soap in different forms suppliers to the United States were Mexico ($X), China ($X) and the UK ($X), together comprising 42% of total imports. These countries were followed by India, Canada, Indonesia, Turkey, France, Germany, Malaysia and Spain, which together accounted for a further 39%.

India, with a CAGR of +53.2%, saw the highest rates of growth with regard to 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

The average soap in different forms import price stood at $X per ton in 2021, rising by 28% against the previous year. Over the last nine years, it increased at an average annual rate of +2.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 France ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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