United Kingdom: Market for Soap In Different Forms 2024

Market Size for Soap In Different Forms in the UK

In 2021, the UK soap in different forms market decreased by -16.3% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Soap In Different Forms in the UK

In value terms, soap in different forms production reduced modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 23% against the previous year. Soap in different forms production peaked at $X in 2020, and then contracted slightly in the following year.

Exports of Soap In Different Forms

Exports from the UK

In 2021, the amount of soap in different forms exported from the UK reduced remarkably to X tons, declining by -19.6% on the previous year. Over the period under review, exports recorded a abrupt downturn. The growth pace was the most rapid in 2020 when exports increased by 23%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, soap in different forms exports contracted to $X in 2021. Overall, exports continue to indicate a deep setback. The pace of growth was the most pronounced in 2020 when exports increased by 18% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), Ireland (X tons) and France (X tons) were the main destinations of soap in different forms exports from the UK, together comprising 44% of total exports. Poland, Canada, the Netherlands, Germany, Austria, Spain, Australia, Italy, Belgium and Mexico lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +18.8%), 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 the UK were the United States ($X), France ($X) and Ireland ($X), together comprising 41% of total exports. These countries were followed by Poland, Canada, the Netherlands, Austria, Germany, Mexico, Spain, Australia, Italy and Belgium, which together accounted for a further 37%.

In terms of the main countries of destination, Mexico, with a CAGR of +14.3%, saw 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

The average soap in different forms export price stood at $X per ton in 2021, growing by 20% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to the United States ($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 France (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Soap In Different Forms

Imports into the UK

In 2021, approx. X tons of soap in different forms were imported into the UK; dropping by -45.4% compared with 2020. In general, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2015 when imports increased by 59% against the previous year. As a result, imports attained 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 shrank notably to $X in 2021. Over the period under review, imports showed a deep slump. The pace of growth was the most pronounced in 2020 when imports increased by 30%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

France (X tons), Poland (X tons) and Italy (X tons) were the main suppliers of soap in different forms imports to the UK, together comprising 50% of total imports. These countries were followed by China, Germany, Thailand, Spain, the United States, Ireland, the Netherlands, Colombia, Indonesia and Sweden, which together accounted for a further 41%.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +91.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest soap in different forms suppliers to the UK were France ($X), China ($X) and Poland ($X), with a combined 49% share of total imports. Italy, the United States, Thailand, Germany, the Netherlands, Ireland, Spain, Sweden, Indonesia and Colombia lagged somewhat behind, together comprising a further 42%.

Thailand, with a CAGR of +87.7%, recorded 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

In 2021, the average soap in different forms import price amounted to $X per ton, rising by 8.5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2014 an increase of 14% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :