Venezuela: Soap And Detergent Market 2024

Soap And Detergent Market Size in Venezuela

The Venezuelan soap and detergent market fell to $X in 2022, leveling off at the previous year. In general, consumption showed a mild decrease. Soap and detergent consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Soap And Detergent Production in Venezuela

In value terms, soap and detergent production stood at $X in 2022 estimated in export price. In general, production continues to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. Soap and detergent production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Soap And Detergent Exports

Exports from Venezuela

In 2022, the amount of soap and detergents exported from Venezuela contracted slightly to X tons, reducing by X% compared with the year before. Overall, exports saw a deep reduction. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, soap and detergent exports contracted to $X in 2022. In general, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil (X tons) was the main destination for soap and detergent exports from Venezuela, accounting for a X% share of total exports. Moreover, soap and detergent exports to Brazil exceeded the volume sent to the second major destination, Costa Rica (X tons), threefold. Angola (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 Brazil amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (X% per year) and Angola (X% per year).

In value terms, Brazil ($X) emerged as the key foreign market for soap and detergents exports from Venezuela, comprising X% of total exports. The second position in the ranking was taken by Costa Rica ($X), with an X% share of total exports. It was followed by Angola, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Brazil stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (X% per year) and Angola (X% per year).

Export Prices by Country

In 2022, the average soap and detergent export price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price recorded a pronounced slump. The growth pace was the most rapid in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Lebanon ($X per ton), while the average price for exports to Panama ($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 Lebanon (X%), while the prices for the other major destinations experienced mixed trend patterns.

Soap And Detergent Imports

Imports into Venezuela

In 2022, overseas purchases of soap and detergents decreased by X% to X tons, falling for the second consecutive year after three years of growth. In general, imports, however, continue to indicate perceptible growth. The growth pace was the most rapid in 2019 with an increase of X%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, soap and detergent imports contracted slightly to $X in 2022. Over the period under review, imports continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2019 with an increase of X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Lebanon (X tons) and Brazil (X tons) were the main suppliers of soap and detergent imports to Venezuela, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Lebanon (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest soap and detergent suppliers to Venezuela were Lebanon ($X), China ($X) and Colombia ($X), together accounting for X% of total imports.

Lebanon, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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 2022, the average soap and detergent import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price, however, showed a deep setback. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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