Latin America and the Caribbean: Soap And Detergent Market 2024

Soap And Detergent Market Size in Latin America and the Caribbean

The Latin American soap and detergent market rose modestly to $X in 2022, picking up by X% against the previous year. Overall, consumption saw a slight expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Soap And Detergent Production in Latin America and the Caribbean

In value terms, soap and detergent production reached $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Soap And Detergent Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments of soap and detergents decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Total exports indicated a perceptible increase 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, exports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then shrank in the following year.

In value terms, soap and detergent exports expanded notably to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Mexico (X tons), distantly followed by Brazil (X tons), Colombia (X tons), Guatemala (X tons) and Argentina (X tons) represented the major exporters of soap and detergents, together achieving X% of total exports. El Salvador (X tons) and Peru (X tons) took a relatively small share of total exports.

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

In value terms, Mexico ($X) remains the largest soap and detergent supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Brazil ($X), with a X% share of total exports. It was followed by Colombia, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Mexico stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (X% per year) and Colombia (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The level of export peaked at $X per ton in 2013; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while El Salvador ($X per ton) was amongst the lowest.

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

Soap And Detergent Imports

Imports in Latin America and the Caribbean

In 2022, purchases abroad of soap and detergents increased by X% to X tons, rising for the seventh year in a row after two years of decline. Total imports indicated a prominent increase 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 2015 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, soap and detergent imports stood at $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Chile (X tons), Mexico (X tons), Peru (X tons), Brazil (X tons), Costa Rica (X tons), El Salvador (X tons), Venezuela (X tons), Argentina (X tons), Ecuador (X tons), Bolivia (X tons), Nicaragua (X tons) and Guatemala (X tons) represented roughly X% of total imports in 2022. Colombia (X tons) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Peru (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Chile ($X) and Brazil ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Peru, Argentina, Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Venezuela, Nicaragua and Bolivia lagged somewhat behind, together comprising a further X%.

Peru, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries 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 Latin America and the Caribbean stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Argentina ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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