Colombia: Soap And Detergent Market 2024

Soap And Detergent Market Size in Colombia

In 2022, the Colombian soap and detergent market decreased by X% to $X, falling for the second consecutive year after four years of growth. Over the period under review, consumption showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the market value increased by X% against the previous year. Soap and detergent consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Soap And Detergent Production in Colombia

In value terms, soap and detergent production rose to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. Soap and detergent production peaked at $X in 2020; afterwards, it flattened through to 2022.

Soap And Detergent Exports

Exports from Colombia

In 2022, soap and detergent exports from Colombia skyrocketed to X tons, picking up by X% on 2021. Overall, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, soap and detergent exports surged to $X in 2022. Over the period under review, total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Peru (X tons), Ecuador (X tons) and Chile (X tons) were the main destinations of soap and detergent exports from Colombia, together comprising X% of total exports. China, Venezuela, the Netherlands, the Dominican Republic and Panama lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for soap and detergent exported from Colombia were Peru ($X), Ecuador ($X) and Venezuela ($X), together comprising X% of total exports. Chile, China, Panama, the Dominican Republic and the Netherlands lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, the Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average soap and detergent export price stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2020 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (X%), while the prices for the other major destinations experienced a decline.

Soap And Detergent Imports

Imports into Colombia

In 2022, the amount of soap and detergents imported into Colombia dropped slightly to X tons, declining by X% against the year before. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, soap and detergent imports stood at $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Mexico (X tons), the United States (X tons) and China (X tons) were the main suppliers of soap and detergent imports to Colombia, together comprising X% of total imports. Brazil, Ecuador, South Korea, Spain, Germany and Poland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest soap and detergent suppliers to Colombia were Mexico ($X), the United States ($X) and Brazil ($X), together accounting for X% of total imports. Germany, China, South Korea, Spain, Ecuador and Poland lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average soap and detergent import price amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. 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 Brazil ($X per ton), while the price for Ecuador ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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