Luxembourg: Soap In Bars Market 2023

Soap In Bars Market Size in Luxembourg

In 2021, after four years of growth, there was significant decline in the Luxembourg soap in bars market, when its value decreased by -18.2% to $X. Overall, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Soap in bars consumption peaked at $X in 2020, and then contracted notably in the following year.

Soap In Bars Exports

Exports from Luxembourg

In 2021, overseas shipments of soap and organic surface-active products in bars increased by 45% to X tons, rising for the second consecutive year after four years of decline. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 164%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, soap in bars exports shrank to $X in 2021. Over the period under review, exports, however, continue to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 142% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

France (X tons), Austria (X tons) and Belgium (X tons) were the main destinations of soap in bars exports from Luxembourg, with a combined 78% share of total exports.

From 2012 to 2021, the biggest increases were in Austria (with a CAGR of +191.8%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Austria ($X), France ($X) and Belgium ($X) were the largest markets for soap in bars exported from Luxembourg worldwide, together comprising 91% of total exports.

Among the main countries of destination, Austria, with a CAGR of +132.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average soap in bars export price amounted to $X per ton, with a decrease of -37.5% against the previous year. Over the period under review, the export price recorded a perceptible downturn. The most prominent rate of growth was recorded in 2016 when the average export price increased by 42%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Belgium ($X per ton), while the average price for exports to France ($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 Belgium (+10.8%), while the prices for the other major destinations experienced a decline.

Soap In Bars Imports

Imports into Luxembourg

In 2021, purchases abroad of soap and organic surface-active products in bars decreased by -7.7% to X tons for the first time since 2016, thus ending a four-year rising trend. Over the period under review, total imports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +59.6% against 2016 indices. The growth pace was the most rapid in 2019 when imports increased by 30% against the previous year. Imports peaked at X tons in 2020, and then shrank in the following year.

In value terms, soap in bars imports declined significantly to $X in 2021. Overall, imports, however, showed measured growth. The most prominent rate of growth was recorded in 2019 with an increase of 55% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Belgium (X tons) constituted the largest soap in bars supplier to Luxembourg, accounting for a 43% share of total imports. Moreover, soap in bars imports from Belgium exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was taken by France (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium totaled +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+17.2% per year) and France (-0.0% per year).

In value terms, Belgium ($X) constituted the largest supplier of soap in bars to Luxembourg, comprising 49% of total imports. The second position in the ranking was held by Germany ($X), with a 17% share of total imports. It was followed by France, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from Belgium stood at +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.3% per year) and France (+2.9% per year).

Import Prices by Country

In 2021, the average soap in bars import price amounted to $X per ton, which is down by -19.1% against the previous year. In general, the import price saw a slight curtailment. The most prominent rate of growth was recorded in 2016 when the average import price increased by 57%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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