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%).

Source: IndexBox Market Intelligence Platform

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