U.S. - Soap - Market Analysis, Forecast, Size, Trends And Insights
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U.S. - Soap - Market Analysis, Forecast, Size, Trends And Insights
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Article Publishing Date: Apr 11, 2022

U.S. Soap Imports Sharply Fall to $1.3B, Losing Momentum after Pandemic Eased

IndexBox has just published a new report: 'U.S. - Soap - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.

In 2021, the U.S. soap market decreased by -11.1% to $2.6B for the first time since 2017, thus ending a three-year rising trend. Soap consumption peaked at $2.9B in 2020 due to rising demand during the pandemic, but this market driver has lost momentum.

Soap Production in the U.S.

In 2021, production of soap in the U.S. rose slightly to 816K tonnes. The most prominent rate of growth was recorded in 2010 with an increase of 21% y-o-y. Soap production peaked at 1.5M tonnes in 2007; however, from 2008 to 2021, production remained at a lower figure. In value terms, soap production reached $2.7B in 2021.

Soap Exports from the U.S.

In 2021, overseas shipments of soap decreased by -4.2% to 301K tonnes for the first time since 2017, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +3.8% over the period from 2007 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2009 with an increase of 23% year-to-year. Exports peaked at 314K tonnes in 2020, and then declined in the following year.

In value terms, soap exports expanded to $1B in 2021. Overall, total exports indicated a prominent expansion from 2007 to 2021: its value increased at an average annual rate of +3.8% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +13.7% against 2017 indices. The most prominent rate of growth was recorded in 2008 with an increase of 25% y-o-y. Exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Canada (195K tonnes) was the main destination for soap exports from the U.S., with a 65% share of total volume. Moreover, soap supplies to Canada exceeded the volume sent to the second major destination, Mexico (20K tonnes), tenfold. Singapore (8.3K tonnes) ranked third in terms of total exports with a 2.8% share.

In value terms, Canada ($518M) remains the key foreign market for soap exports from the U.S., comprising 51% of total supplies. The second position in the ranking was occupied by Mexico ($74M), with a 7.3% share of total exports. It was followed by China, with a 4.6% share.

From 2007 to 2021, the average annual rate of growth in terms of value to Canada amounted to +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+8.1% per year) and China (+12.6% per year).

Export Prices by Country

In 2021, the average soap export price amounted to $3,387 per tonne, increasing by 7.3% against the previous year. There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was China, while the average price for exports to Costa Rica was amongst the lowest. From 2007 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced more modest paces of growth.

Soap Imports into the U.S.

In 2021, after eleven years of growth, there was significant decline in overseas purchases of soap, when their volume decreased by -31.6% to 549K tonnes. Over the period under review, imports, however, showed buoyant growth.

In value terms, imports dropped rapidly to $1.3B in 2021. In general, imports, however, enjoyed a resilient increase.

Imports by Country

China (149K tonnes), Canada (121K tonnes) and Mexico (95K tonnes) were the main suppliers of soap imports to the U.S., together accounting for 66% of total volume. The UK, South Korea, Turkey, Germany, Italy, India and Indonesia lagged somewhat behind, together comprising a further 23%.

In value terms, the largest soap suppliers to the U.S. were Canada ($340M), China ($263M) and Mexico ($203M), together accounting for 60% of total imports. The UK, Germany, South Korea, Italy, India, Turkey and Indonesia lagged somewhat behind, together comprising a further 23%.

In 2021, soap supplies from China to the U.S. dropped by nearly 60% compared to a year earlier. By contrast, imports from the UK (+20.4%) and Mexico (+2.1%) increased.

Import Prices by Country

The average soap import price stood at $2,428 per tonne in 2021, increasing by 8.3% against the previous year. In general, the import price recorded a relatively flat trend pattern. Prices varied noticeably by the country of origin; the country with the highest price was Germany ($3,532 per tonne), while the price for Turkey ($1,155 per tonne) was amongst the lowest. From 2007 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

This report provides an in-depth analysis of the soap market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Product coverage:
• Prodcom 20413120 - Soap and organic surface-active products in bars, etc., n.e.c.
• Prodcom 20413150 - Soap in the form of flakes, wafers, granules or powders
• Prodcom 20413180 - Soap in forms excluding bars, cakes or moulded shapes, p aper, wadding, felt and non-wovens impregnated or coated with soap/detergent, flakes, granules or powders
• Prodcom 20421915 - Soap and organic surface-active products in bars, etc., for toilet use
• Prodcom 20421930 - Organic surface-active products and preparations for washing the skin, whether or not containing soap, p.r.s.
Country coverage:
• United States

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2007–2021
Table 3:
Market Value, 2007–2021
Table 4:
Per Capita Consumption In 2007-2021
Table 5:
Imports, In Physical Terms, By Country, 2007–2021
Table 6:
Imports, In Value Terms, By Country, 2007–2021
Table 7:
Import Prices, By Country Of Origin, 2007–2021
Table 8:
Exports, In Physical Terms, By Country, 2007–2021
Table 9:
Exports, In Value Terms, By Country, 2007–2021
Table 10:
Export Prices, By Country Of Destination, 2007–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2021
Figure 2:
Market Value, 2007–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2021
Figure 5:
Trade Balance, In Physical Terms, 2007-2021
Figure 6:
Trade Balance, In Value Terms, 2007-2021
Figure 7:
Per Capita Consumption, 2007-2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2021
Figure 21:
Production, In Value Terms, 2007–2021
Figure 22:
Imports, In Physical Terms, 2007–2021
Figure 23:
Imports, In Value Terms, 2007–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2007–2021
Figure 26:
Imports, In Value Terms, By Country, 2007–2021
Figure 27:
Import Prices, By Country Of Origin, 2007–2021
Figure 28:
Exports, In Physical Terms, 2007–2021
Figure 29:
Exports, In Value Terms, 2007–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2007–2021
Figure 32:
Exports, In Value Terms, By Country, 2007–2021
Figure 33:
Export Prices, By Country Of Destination, 2007–2021
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