Cuba: Soap And Detergent Market 2024

Soap And Detergent Market Size in Cuba

In 2021, the Cuban soap and detergent market increased by 4.1% to $X, rising for the fourth year in a row after four years of decline. Over the period under review, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +84.6% against 2017 indices. Over the period under review, the market reached the peak level in 2021 and is likely to continue growth in years to come.

Soap And Detergent Production in Cuba

In value terms, soap and detergent production reduced markedly to $X in 2021 estimated in export price. Overall, production, however, enjoyed a temperate increase. The most prominent rate of growth was recorded in 2020 with an increase of 44% against the previous year. As a result, production attained the peak level of $X, and then shrank remarkably in the following year.

Soap And Detergent Exports

Exports from Cuba

Soap and detergent exports from Cuba declined markedly to X tons in 2021, falling by -77.1% compared with 2020. Over the period under review, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 440%. As a result, the exports reached the peak of X tons, and then declined dramatically in the following year.

In value terms, soap and detergent exports shrank markedly to $X in 2021. Overall, exports faced a abrupt downturn. The growth pace was the most rapid in 2020 when exports increased by 311%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for soap and detergent exports from Cuba, with a 23% share of total exports. Moreover, soap and detergent exports to Spain exceeded the volume sent to the second major destination, the Dominican Republic (X tons), sevenfold.

From 2012 to 2021, the average annual growth rate of volume to Spain totaled -12.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+50.7% per year) and Moldova (0.0% per year).

In value terms, the largest markets for soap and detergent exported from Cuba were Spain ($X), the Dominican Republic ($X) and Moldova ($X), with a combined 33% share of total exports.

The Dominican Republic, with a CAGR of +51.9%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average soap and detergent export price stood at $X per ton in 2021, waning by -3.3% against the previous year. Overall, the export price continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2013 an increase of 63% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Moldova ($X per ton), while the average price for exports to Spain ($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 Malaysia (+102.9%), while the prices for the other major destinations experienced more modest paces of growth.

Soap And Detergent Imports

Imports into Cuba

In 2021, imports of soap and detergents into Cuba skyrocketed to X tons, picking up by 40% on the previous year's figure. Overall, imports showed a strong expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 42%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, soap and detergent imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +8.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +73.6% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 39% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

China (X tons), Indonesia (X tons) and El Salvador (X tons) were the main suppliers of soap and detergent imports to Cuba, together comprising 23% of total imports. Guatemala, Mexico, Brazil, Italy and Spain lagged somewhat behind, together comprising a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Guatemala (with a CAGR of +31.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), China ($X) and El Salvador ($X) appeared to be the largest soap and detergent suppliers to Cuba, with a combined 20% share of total imports.

El Salvador, with a CAGR of +35.4%, 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 2021, the average soap and detergent import price amounted to $X per ton, falling by -5.7% against the previous year. Overall, the import price recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2016 an increase of 14% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+10.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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