India: Market for Soap In Different Forms 2024

Market Size for Soap In Different Forms in India

The Indian soap in different forms market contracted to $X in 2022, leveling off at the previous year. In general, the total consumption indicated a moderate expansion 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 increased by X% against 2020 indices. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2022.

Production of Soap In Different Forms in India

In value terms, soap in different forms production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Exports of Soap In Different Forms

Exports from India

In 2022, overseas shipments of soap in different forms decreased by X% to X tons, falling for the second consecutive year after three years of growth. In general, exports, however, saw prominent growth. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, soap in different forms exports reduced remarkably to $X in 2022. Overall, total exports indicated a perceptible 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, exports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Nepal (X tons), the United Arab Emirates (X tons) and Bangladesh (X tons) were the main destinations of soap in different forms exports from India, with a combined X% share of total exports.

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

In value terms, the largest markets for soap in different forms exported from India were Nepal ($X), the United Arab Emirates ($X) and Bangladesh ($X), together comprising X% of total exports.

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

Export Prices by Country

The average soap in different forms export price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Bangladesh ($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 the UK (X%), while the prices for the other major destinations experienced a decline.

Imports of Soap In Different Forms

Imports into India

In 2022, after two years of growth, there was decline in purchases abroad of soap in different forms, when their volume decreased by X% to X tons. Over the period under review, imports, however, posted a strong increase. The growth pace was the most rapid in 2017 with an increase of X%. Imports peaked at X tons in 2021, and then shrank slightly in the following year.

In value terms, soap in different forms imports surged to $X in 2022. In general, imports, however, saw a strong increase. The growth pace was the most rapid in 2020 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest supplier of soap in different forms to India, accounting for a X% share of total imports. Moreover, soap in different forms imports from Indonesia exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Indonesia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and the United Arab Emirates (X% per year).

In value terms, Indonesia ($X) constituted the largest supplier of soap in different forms to India, comprising X% of total imports. The second position in the ranking was held by Malaysia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Indonesia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

The average soap in different forms import price stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for the United Arab Emirates ($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 Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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