Soap In Bars Market

The article discusses the global soap in bars market, highlighting an increasing demand for soap and organic surface-active products worldwide. The market is anticipated to continue an upward consumption trend over the next eight years, with a forecasted CAGR of +3.0% for the period 2022-2030. Key players in the market include China, the United States, and India. The market performance is expected to decelerate, leading to an expansion in market volume and value by the end of 2030. The article provides insights into consumption patterns, production trends, import and export data, and average prices in the global soap in bars market.

Market Forecast

Driven by increasing demand for soap and organic surface-active products in bars worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +3.0% for the period from 2022 to 2030, which is projected to bring the market volume to 12M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +1.8% for the period from 2022 to 2030, which is projected to bring the market value to $36.9B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Soap And Organic Surface-Active Products In Bars

In 2022, global consumption of soap and organic surface-active products in bars stood at 9.2M tons, with an increase of 4% compared with the previous year. The total consumption volume increased at an average annual rate of +3.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak volume of 9.6M tons. From 2021 to 2022, the growth of the global consumption remained at a lower figure.

The global soap in bars market size expanded markedly to $32.1B in 2022, picking up by 5.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $32.8B. From 2021 to 2022, the growth of the global market remained at a somewhat lower figure.

Consumption By Country

China (1.7M tons) constituted the country with the largest volume of soap in bars consumption, accounting for 18% of total volume. Moreover, soap in bars consumption in China exceeded the figures recorded by the second-largest consumer, the United States (820K tons), twofold. The third position in this ranking was held by India (598K tons), with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China totaled +7.2%. In the other countries, the average annual rates were as follows: the United States (+4.2% per year) and India (+6.1% per year).

In value terms, Japan ($4.9B), China ($4.1B) and the United States ($2.3B) constituted the countries with the highest levels of market value in 2022, together comprising 35% of the global market. India, Pakistan, South Korea, Brazil, France, the UK, Russia, Indonesia, Nigeria and Spain lagged somewhat behind, together accounting for a further 17%.

Among the main consuming countries, India, with a CAGR of +7.6%, saw the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of soap in bars per capita consumption in 2022 were Spain (3.2 kg per person), Japan (3.1 kg per person) and the UK (3.1 kg per person).

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +6.7%), while consumption for the other global leaders experienced more modest paces of growth.

Consumption By Type

The products with the highest volumes of consumption in 2022 were soap and organic surface-active products in bars for toilet use (5.8M tons) and soap and organic surface-active products in bars other than for toilet use (3.4M tons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consumed products, was attained by soap and organic surface-active products in bars other than for toilet use (with a CAGR of +6.1%).

In value terms, soap and organic surface-active products in bars for toilet use ($17.7B) led the market, alone. The second position in the ranking was taken by soap and organic surface-active products in bars other than for toilet use ($6B).

From 2012 to 2022, the average annual growth rate of the value of soap and organic surface-active products in bars for toilet use market totaled +1.8%.

Production

World Production of Soap And Organic Surface-Active Products In Bars

In 2022, global soap in bars production rose modestly to 9.5M tons, increasing by 4.8% against 2021 figures. The total output volume increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when the production volume increased by 14%. As a result, production attained the peak volume of 9.7M tons. From 2021 to 2022, global production growth remained at a lower figure.

In value terms, soap in bars production amounted to $23.3B in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 15% against the previous year. Global production peaked at $24B in 2020; however, from 2021 to 2022, production remained at a lower figure.

Production By Country

China (2M tons) constituted the country with the largest volume of soap in bars production, comprising approx. 22% of total volume. Moreover, soap in bars production in China exceeded the figures recorded by the second-largest producer, the United States (637K tons), threefold. The third position in this ranking was held by India (607K tons), with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume in China totaled +7.5%. In the other countries, the average annual rates were as follows: the United States (+1.3% per year) and India (+5.6% per year).

Production By Type

The products with the highest volumes of production in 2022 were soap and organic surface-active products in bars for toilet use (5.8M tons) and soap and organic surface-active products in bars other than for toilet use (3.7M tons).

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading produced products, was attained by soap and organic surface-active products in bars other than for toilet use (with a CAGR of +5.9%).

In value terms, soap and organic surface-active products in bars for toilet use ($17.4B) led the market, alone. The second position in the ranking was taken by soap and organic surface-active products in bars other than for toilet use ($5.9B).

For soap and organic surface-active products in bars for toilet use, production increased at an average annual rate of +1.4% over the period from 2012-2022.

Imports

World Imports of Soap And Organic Surface-Active Products In Bars

Global soap in bars imports was estimated at 3M tons in 2022, therefore, remained relatively stable against 2021. The total import volume increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 18% against the previous year. As a result, imports attained the peak of 3.3M tons. From 2021 to 2022, the growth of global imports remained at a lower figure.

In value terms, soap in bars imports totaled $6.2B in 2022. The total import value increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 20%. As a result, imports reached the peak of $6.3B. From 2021 to 2022, the growth of global imports remained at a somewhat lower figure.

Imports By Country

In 2022, the United States (321K tons), followed by Germany (178K tons) represented the key importers of soap and organic surface-active products in bars, together achieving 17% of total imports. The following importers - the UK (120K tons), Canada (105K tons), the Netherlands (95K tons), France (90K tons), Australia (75K tons), Tanzania (72K tons), Iraq (71K tons), Russia (59K tons), the United Arab Emirates (52K tons) and El Salvador (52K tons) - together made up 26% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Tanzania (with a CAGR of +15.0%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest soap in bars importing markets worldwide were the United States ($716M), Germany ($359M) and Canada ($279M), together comprising 22% of global imports. The UK, France, Australia, the Netherlands, the United Arab Emirates, Russia, Iraq, El Salvador and Tanzania lagged somewhat behind, together comprising a further 21%.

Tanzania, with a CAGR of +13.5%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Imports By Type

Soap and organic surface-active products in bars for toilet use represented the largest imported product with an import of around 1.8M tons, which resulted at 60% of total imports. It was distantly followed by soap and organic surface-active products in bars other than for toilet use (1.2M tons), comprising a 40% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key imported products, was attained by soap and organic surface-active products in bars other than for toilet use (with a CAGR of +3.3%).

In value terms, soap and organic surface-active products in bars for toilet use ($4.1B) and soap and organic surface-active products in bars other than for toilet use ($2.1B) were the products with the highest levels of imports in 2022.

Among the main imported products, soap and organic surface-active products in bars other than for toilet use, with a CAGR of +4.5%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices By Type

The average soap in bars import price stood at $2,070 per ton in 2022, picking up by 2.8% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 4.8%. Global import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat amongst the major imported products. In 2022, the product with the highest price was soap and organic surface-active products in bars for toilet use ($2,263 per ton), while the price for soap and organic surface-active products in bars other than for toilet use totaled $1,780 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by soap in bars other than for toilet use (+1.2%).

Import Prices By Country

In 2022, the average soap in bars import price amounted to $2,070 per ton, rising by 2.8% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 4.8% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($2,702 per ton), while Tanzania ($922 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+3.5%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Soap And Organic Surface-Active Products In Bars

In 2022, global exports of soap and organic surface-active products in bars rose modestly to 3.2M tons, surging by 3.2% against 2021. The total export volume increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 21%. As a result, the exports reached the peak of 3.4M tons. From 2021 to 2022, the growth of the global exports remained at a somewhat lower figure.

In value terms, soap in bars exports expanded remarkably to $6.4B in 2022. The total export value increased at an average annual rate of +2.7% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 23% against the previous year. Over the period under review, the global exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports By Country

In 2022, China (401K tons), followed by Turkey (263K tons), Germany (252K tons), Indonesia (194K tons) and Poland (152K tons) were the largest exporters of soap and organic surface-active products in bars, together constituting 39% of total exports. The United States (138K tons), Mexico (137K tons), Cote d'Ivoire (132K tons), Malaysia (112K tons), the United Arab Emirates (97K tons), Guatemala (93K tons), Honduras (84K tons) and Kenya (82K tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Kenya (with a CAGR of +13.4%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest soap in bars supplying countries worldwide were China ($796M), Germany ($592M) and the United States ($430M), together comprising 28% of global exports. Turkey, Poland, Indonesia, Mexico, the United Arab Emirates, Malaysia, Guatemala, Honduras, Cote d'Ivoire and Kenya lagged somewhat behind, together comprising a further 33%.

Kenya, with a CAGR of +13.1%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Exports By Type

In 2022, soap and organic surface-active products in bars for toilet use (1.8M tons), distantly followed by soap and organic surface-active products in bars other than for toilet use (1.5M tons) represented the key types of soap and organic surface-active products in bars, together making up 100% of total exports.

From 2012 to 2022, the biggest increases were recorded for soap and organic surface-active products in bars other than for toilet use (with a CAGR of +3.4%).

In value terms, soap and organic surface-active products in bars for toilet use ($4B) and soap and organic surface-active products in bars other than for toilet use ($2.5B) constituted the products with the highest levels of exports in 2022.

Among the main exported products, soap and organic surface-active products in bars other than for toilet use, with a CAGR of +4.3%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices By Type

The average soap in bars export price stood at $1,979 per ton in 2022, increasing by 4.3% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 4.6%. The global export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major exported products. In 2022, the product with the highest price was soap and organic surface-active products in bars for toilet use ($2,252 per ton), while the average price for exports of soap and organic surface-active products in bars other than for toilet use amounted to $1,656 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by soap in bars other than for toilet use (+0.9%).

Export Prices By Country

In 2022, the average soap in bars export price amounted to $1,979 per ton, surging by 4.3% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 4.6% against the previous year. The global export price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($3,120 per ton), while Cote d'Ivoire ($707 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+3.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform