
Canada - Soap and Organic Surface-Active Products in Bars - Market Analysis, Forecast, Size, Trends and Insights
Canada: Soap In Bars Market 2023
Soap In Bars Market Size in Canada
In 2021, the Canadian soap in bars market decreased by -2% to $X, falling for the third consecutive year after two years of growth. The market value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.
Soap In Bars Production in Canada
In value terms, soap in bars production soared to $X in 2021 estimated in export price. Overall, production, however, showed a deep downturn. The pace of growth appeared the most rapid in 2016 with an increase of 626%. Soap in bars production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.
Soap In Bars Exports
Exports from Canada
For the fourth consecutive year, Canada recorded decline in overseas shipments of soap and organic surface-active products in bars, which decreased by -15% to X tons in 2021. Overall, exports faced a abrupt contraction. The growth pace was the most rapid in 2017 when exports increased by 2,453% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.
In value terms, soap in bars exports rose remarkably to $X in 2021. In general, exports saw a drastic downturn. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.
Exports by Country
The United States (X tons) was the main destination for soap in bars exports from Canada, with a 90% share of total exports. It was followed by the Dominican Republic (X tons), with a 2.8% share of total exports.
From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at -14.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+155.3% per year) and Belgium (-36.6% per year).
In value terms, the United States ($X) remains the key foreign market for soap in bars exports from Canada, comprising 90% of total exports. The second position in the ranking was taken by the Dominican Republic ($X), with a 2.2% share of total exports.
From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to -12.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+149.0% per year) and Belgium (-34.6% per year).
Export Prices by Country
In 2021, the average soap in bars export price amounted to $X per ton, rising by 27% against the previous year. In general, the export price showed a moderate expansion. The growth pace was the most rapid in 2015 when the average export price increased by 1,166%. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In 2021, the country with the highest price was Belgium ($X per ton), while the average price for exports to the Dominican Republic ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+3.2%), while the prices for the other major destinations experienced mixed trend patterns.
Soap In Bars Imports
Imports into Canada
In 2021, overseas purchases of soap and organic surface-active products in bars decreased by -13.3% to X tons for the first time since 2016, thus ending a four-year rising trend. Overall, imports, however, saw noticeable growth. The growth pace was the most rapid in 2018 with an increase of 291%. Over the period under review, imports attained the peak figure at X tons in 2020, and then shrank in the following year.
In value terms, soap in bars imports shrank dramatically to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 15%. As a result, imports reached the peak of $X, and then fell sharply in the following year.
Imports by Country
In 2021, the United States (X tons) constituted the largest soap in bars supplier to Canada, accounting for a 83% share of total imports. Moreover, soap in bars imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), ninefold.
From 2012 to 2021, the average annual growth rate of volume from the United States was relatively modest.
In value terms, the United States ($X) constituted the largest supplier of soap in bars to Canada, comprising 79% of total imports. The second position in the ranking was taken by China ($X), with an 8.9% share of total imports.
From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to -1.3%.
Import Prices by Country
In 2021, the average soap in bars import price amounted to $X per ton, with a decrease of -4.1% against the previous year. In general, the import price continues to indicate a slight descent. The pace of growth was the most pronounced in 2016 an increase of 175%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for the United States stood at $X per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-1.8%).
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the soap in bars market in Canada. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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