GCC: Soap In Bars Market 2023

Soap In Bars Market Size in GCC

The GCC soap in bars market skyrocketed to $X in 2021, increasing by 25% against the previous year. The market value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in years to come.

Soap In Bars Production in GCC

In value terms, soap in bars production rose rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a perceptible slump. The pace of growth appeared the most rapid in 2017 with an increase of 58% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Soap In Bars Exports

Exports in GCC

In 2021, the amount of soap and organic surface-active products in bars exported in GCC shrank to X tons, falling by -10.4% compared with the previous year's figure. Over the period under review, exports recorded a perceptible contraction. The pace of growth appeared the most rapid in 2017 when exports increased by 24% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, soap in bars exports dropped notably to $X in 2021. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 27%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) and Saudi Arabia (X tons) dominates exports structure, together constituting 91% of total exports. It was distantly followed by Oman (X tons), mixing up a 5.7% share of total exports. Bahrain (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Bahrain (with a CAGR of +44.5%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the United Arab Emirates ($X) remains the largest soap in bars supplier in GCC, comprising 63% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 28% share of total exports. It was followed by Bahrain, with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (-4.2% per year) and Bahrain (+55.1% per year).

Export Prices by Country

The export price in GCC stood at $X per ton in 2021, falling by -8.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2013 when the export price increased by 19% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Bahrain ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bahrain (+7.4%), while the other leaders experienced more modest paces of growth.

Soap In Bars Imports

Imports in GCC

In 2021, the amount of soap and organic surface-active products in bars imported in GCC expanded significantly to X tons, surging by 11% against the year before. The total import volume increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by 26% against the previous year. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, soap in bars imports surged to $X in 2021. The total import value increased at an average annual rate of +5.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United Arab Emirates (X tons) and Saudi Arabia (X tons) represented roughly 71% of total imports in 2021. Oman (X tons) ranks next in terms of the total imports with a 16% share, followed by Kuwait (6.3%). The following importers - Qatar (X tons) and Bahrain (X tons) - together made up 6.8% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Oman (with a CAGR of +8.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Oman ($X), the United Arab Emirates ($X) and Saudi Arabia ($X) were the countries with the highest levels of imports in 2021, with a combined 88% share of total imports.

Among the main importing countries, Oman, with a CAGR of +27.1%, saw the highest growth rate of 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

The import price in GCC stood at $X per ton in 2021, growing by 27% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Oman ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+17.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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