Overview of the Global Market for Soap In Different Forms

Market Size for Soap In Different Forms

In 2021, after six years of growth, there was decline in the global soap in different forms market, when its value decreased by -1.5% to $X. The market value increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked at $X in 2020, and then declined in the following year.

Production of Soap In Different Forms

In value terms, soap in different forms production dropped slightly to $X in 2021 estimated in export price. In general, the total production indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -16.4% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of 19%. As a result, production reached the peak level of $X. From 2020 to 2021, global production growth failed to regain momentum.

Exports of Soap In Different Forms

Exports

In 2021, after four years of growth, there was significant decline in shipments abroad of soap in different forms, when their volume decreased by -13% to X tons. The total export volume increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when exports increased by 22% against the previous year. Over the period under review, the global exports hit record highs at X tons in 2020, and then dropped in the following year.

In value terms, soap in different forms exports contracted modestly to $X in 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 21% against the previous year. As a result, the exports reached the peak of $X, and then dropped modestly in the following year.

Exports by Country

Indonesia was the largest exporting country with an export of about X tons, which resulted at 36% of total exports. Malaysia (X tons) held the second position in the ranking, distantly followed by Poland (X tons). All these countries together took approx. 26% share of total exports. Turkey (X tons), Italy (X tons), Thailand (X tons), Germany (X tons), Spain (X tons), Belgium (X tons), South Africa (X tons), the Netherlands (X tons), the United Arab Emirates (X tons) and the United States (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +15.8%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Malaysia ($X) and Poland ($X) constituted the countries with the highest levels of exports in 2021, together comprising 43% of global exports.

In terms of the main exporting countries, Indonesia, with a CAGR of +13.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global 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, surging by 11% against the previous year. Overall, the export price, however, saw a noticeable slump. The most prominent rate of growth was recorded in 2020 when the average export price increased by 12%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+3.4%), while the other global leaders experienced more modest paces of growth.

Imports of Soap In Different Forms

Imports

In 2021, global soap in different forms imports contracted slightly to X tons, shrinking by -2.6% on 2020. The total import volume increased at an average annual rate of +3.0% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 10%. Over the period under review, global imports hit record highs at X tons in 2020, and then reduced in the following year.

In value terms, soap in different forms imports expanded rapidly to $X in 2021. The total import value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 20%. Global imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, the United Arab Emirates (X tons), followed by Djibouti (X tons) and India (X tons) were the key importers of soap in different forms, together achieving 21% of total imports. The Philippines (X tons), the United States (X tons), Angola (X tons), Germany (X tons), France (X tons), Egypt (X tons), Cuba (X tons), China (X tons), Ghana (X tons) and Turkey (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Djibouti (with a CAGR of +36.3%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), the United States ($X) and India ($X) constituted the countries with the highest levels of imports in 2021, with a combined 17% share of global imports. These countries were followed by France, Djibouti, Germany, the Philippines, Egypt, China, Cuba, Turkey, Ghana and Angola, which together accounted for a further 25%.

Djibouti, with a CAGR of +33.7%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global 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, growing by 8% against the previous year. Over the period under review, the import price, however, recorded a slight setback. The pace of growth appeared the most rapid in 2020 when the average import price increased by 11% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while Angola ($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 (+2.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :