MENA: Soap Market 2024

Soap Market Size in MENA

In 2022, the MENA's soap market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. The market 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 level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Soap Production in MENA

In value terms, soap production reached $X in 2022 estimated in export price. In general, production recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Soap Exports

Exports in MENA

In 2022, soap exports in MENA reached X tons, picking up by X% on 2021 figures. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, soap exports soared to $X in 2022. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey represented the largest exporting country with an export of around X tons, which recorded X% of total exports. The United Arab Emirates (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Israel (X%) and Saudi Arabia (X%). Iran (X tons) and Egypt (X tons) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to soap exports from Turkey stood at X%. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. Iran experienced a relatively flat trend pattern. By contrast, Israel (X%), Egypt (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) and Turkey (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Egypt (X p.p.), Israel (X p.p.) and Saudi Arabia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Israel ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Among the main exporting countries, the United Arab Emirates, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, surging by X% against the previous year. In general, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Iran ($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 other leaders experienced more modest paces of growth.

Soap Imports

Imports in MENA

In 2022, overseas purchases of soap decreased by X% to X tons, falling for the third consecutive year after four years of growth. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, soap imports rose remarkably to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, the United Arab Emirates (X tons), distantly followed by Iraq (X tons), Turkey (X tons), Saudi Arabia (X tons) and Djibouti (X tons) represented the major importers of soap, together comprising X% of total imports. The following importers - Oman (X tons), Libya (X tons), Iran (X tons), Kuwait (X tons), Algeria (X tons), Morocco (X tons), Egypt (X tons) and Yemen (X tons) - together made up X% of total imports.

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

In value terms, the largest soap importing markets in MENA were the United Arab Emirates ($X), Saudi Arabia ($X) and Turkey ($X), with a combined X% share of total imports. Iraq, Kuwait, Oman, Djibouti, Morocco, Libya, Egypt, Algeria, Iran and Yemen lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Morocco, with a CAGR of X%, recorded 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

In 2022, the import price in MENA amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform

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