Dominican Republic: Soap Market 2024

Soap Market Size in the Dominican Republic

The Dominican soap market skyrocketed to $X in 2022, increasing by X% against the previous year. Over the period under review, the total consumption indicated buoyant 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, consumption decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Soap Production in the Dominican Republic

In value terms, soap production amounted to $X in 2022 estimated in export price. Overall, production continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

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Soap Exports

Exports from the Dominican Republic

In 2022, after two years of growth, there was significant decline in shipments abroad of soap, when their volume decreased by X% to X tons. In general, exports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then contracted notably in the following year.

In value terms, soap exports reduced to $X in 2022. Overall, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then fell in the following year.

Exports by Country

Haiti (X tons) was the main destination for soap exports from the Dominican Republic, with a X% share of total exports. Moreover, soap exports to Haiti exceeded the volume sent to the second major destination, the United States (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Haiti stood at X%.

In value terms, Haiti ($X) remains the key foreign market for soap exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Haiti totaled X%.

Export Prices by Country

The average soap export price stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price continues to indicate measured growth. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Haiti amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (X%).

Soap Imports

Imports into the Dominican Republic

In 2022, approx. X tons of soap were imported into the Dominican Republic; picking up by X% against the year before. In general, total imports indicated a tangible expansion from 2012 to 2022: its volume 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, imports increased by X% against 2017 indices. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, soap imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a noticeable increase 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, imports increased by X% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Guatemala (X tons), China (X tons) and the United States (X tons) were the main suppliers of soap imports to the Dominican Republic, together comprising X% of total imports. Spain, Mexico, Turkey, Costa Rica, Colombia and Honduras lagged somewhat behind, together accounting for a further X%.

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

In value terms, Guatemala ($X), the United States ($X) and Mexico ($X) were the largest soap suppliers to the Dominican Republic, with a combined X% share of total imports. Spain, Turkey, China, Colombia, Costa Rica and Honduras lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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 import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price recorded a modest increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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