Mexico: Soap In Bars Market 2023

Soap In Bars Market Size in Mexico

The Mexican soap in bars market declined significantly to $X in 2021, waning by -25.7% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2020, and then fell sharply in the following year.

Soap In Bars Production in Mexico

In value terms, soap in bars production reduced to $X in 2021 estimated in export price. Overall, production continues to indicate a dramatic slump. The pace of growth was the most pronounced in 2020 with an increase of 34% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Soap In Bars Exports

Exports from Mexico

Soap in bars exports from Mexico surged to X tons in 2021, with an increase of 48% on the previous year's figure. Over the period under review, exports, however, continue to indicate a significant contraction. The most prominent rate of growth was recorded in 2020 with an increase of 53%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, soap in bars exports skyrocketed to $X in 2021. In general, exports enjoyed resilient growth. The pace of growth was the most pronounced in 2020 when exports increased by 46%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons) was the main destination for soap in bars exports from Mexico, accounting for a 83% share of total exports. Moreover, soap in bars exports to the United States exceeded the volume sent to the second major destination, Guatemala (X tons), more than tenfold. Panama (X tons) ranked third in terms of total exports with a 2.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +26.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-3.0% per year) and Panama (+0.6% per year).

In value terms, the United States ($X) remains the key foreign market for soap in bars exports from Mexico, comprising 77% of total exports. The second position in the ranking was taken by Guatemala ($X), with a 4.8% share of total exports. It was followed by Panama, with a 3.2% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +22.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+0.2% per year) and Panama (+1.2% per year).

Export Prices by Country

The average soap in bars export price stood at $X per ton in 2021, declining by -20.3% against the previous year. Overall, the export price, however, continues to indicate significant growth. The most prominent rate of growth was recorded in 2013 an increase of 7,700%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Peru ($X per ton), while the average price for exports to the United States ($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 Nicaragua (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Soap In Bars Imports

Imports into Mexico

In 2021, approx. X tons of soap and organic surface-active products in bars were imported into Mexico; rising by 28% against the previous year. In general, imports recorded buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, soap in bars imports amounted to $X in 2021. The total import value increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 16%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

The United States (X tons), Germany (X tons) and Brazil (X tons) were the main suppliers of soap in bars imports to Mexico, with a combined 52% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +19.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest soap in bars suppliers to Mexico were the United States ($X), Germany ($X) and Brazil ($X), with a combined 82% share of total imports. These countries were followed by China, the UK, Colombia, Guatemala and Israel, which together accounted for a further 14%.

Colombia, with a CAGR of +14.0%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average soap in bars import price stood at $X per ton in 2021, waning by -17.4% against the previous year. Over the period under review, the import price recorded a deep setback. The most prominent rate of growth was recorded in 2014 an increase of 2.9%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+13.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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