Report Update: May 1, 2024

Guatemala - Soap - Market Analysis, Forecast, Size, Trends And Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Soap Price in Guatemala - 2023

Soap Price in Guatemala (FOB) - 2022

The average soap export price stood at $1,376 per ton in 2022, jumping by 19% against the previous year. Overall, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Panama ($1,728 per ton) and the Dominican Republic ($1,630 per ton), while the average price for exports to Nicaragua ($1,206 per ton) and El Salvador ($1,213 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

Soap Price in Guatemala (CIF) - 2022

In 2022, the average soap import price amounted to $1,772 per ton, with an increase of 23% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($4,334 per ton), while the price for Honduras ($1,454 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Soap Exports in Guatemala

For the fourth consecutive year, Guatemala recorded growth in overseas shipments of soap, which increased by 6.4% to 97K tons in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +19.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.1% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 33% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, soap exports soared to $133M in 2022. In general, exports showed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 37% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Export of Soap in Guatemala (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Nicaragua	12.6	18.2	26.6	32.0	36.4%
El Salvador	11.0	18.8	25.4	30.8	40.9%
Honduras	7.9	13.0	16.9	21.7	40.0%
Costa Rica	15.1	16.2	14.7	17.9	5.8%
Dominican Republic	4.9	5.0	5.3	8.0	17.8%
Mexico	3.2	3.7	4.8	6.6	27.3%
Panama	4.5	4.6	4.2	5.3	5.6%
Others	5.4	9.1	7.6	10.9	26.4%
Total	64.6	88.6	105	133	27.2%

Top Export Markets for Soap from Guatemala in 2022:

Nicaragua (26.6K tons)
El Salvador (25.4K tons)
Honduras (14.2K tons)
Costa Rica (12.7K tons)
Dominican Republic (4.9K tons)
Mexico (4.4K tons)
Panama (3.1K tons)

Soap Imports in Guatemala

In 2022, purchases abroad of soap decreased by -16% to 45K tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 7.7% against the previous year. As a result, imports attained the peak of 63K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, soap imports stood at $80M in 2022. The total import value increased at an average annual rate of +4.6% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 14%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Import of Soap in Guatemala (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Honduras	48.2	54.3	53.0	50.6	1.6%
Mexico	7.4	9.6	8.5	11.2	14.8%
Colombia	5.0	4.9	4.2	4.3	-4.9%
United States	2.7	3.3	4.7	4.2	15.9%
Brazil	0.2	0.8	0.8	4.1	173.7%
El Salvador	1.7	1.5	1.7	0.9	-19.1%
Others	4.3	4.8	4.1	4.4	0.8%
Total	69.6	79.3	77.0	79.6	4.6%

Top Suppliers of Soap to Guatemala in 2022:

Honduras (34.8K tons)
Mexico (4.1K tons)
Colombia (2.4K tons)
Brazil (1.0K tons)
United States (1.0K tons)
El Salvador (0.7K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the soap market in Guatemala. 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 2030.

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:

Guatemala

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Guatemala
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023