Peru: Soap In Bars Market 2023

Soap In Bars Market Size in Peru

In 2021, after two years of growth, there was significant decline in the Peruvian soap in bars market, when its value decreased by -18% to $X. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Soap in bars consumption peaked at $X in 2020, and then fell remarkably in the following year.

Soap In Bars Exports

Exports from Peru

In 2021, exports of soap and organic surface-active products in bars from Peru declined notably to X tons, dropping by -34.5% compared with the previous year's figure. In general, exports continue to indicate a noticeable shrinkage. The growth pace was the most rapid in 2020 when exports increased by 52%. As a result, the exports attained the peak of X tons, and then dropped notably in the following year.

In value terms, soap in bars exports shrank remarkably to $X in 2021. Over the period under review, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2015 when exports increased by 41% 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 remained at a lower figure.

Exports by Country

Bolivia (X tons) was the main destination for soap in bars exports from Peru, with a 78% share of total exports. Moreover, soap in bars exports to Bolivia exceeded the volume sent to the second major destination, Colombia (X tons), more than tenfold. Chile (X tons) ranked third in terms of total exports with a 6.4% share.

From 2012 to 2021, the average annual growth rate of volume to Bolivia totaled +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-7.3% per year) and Chile (+23.8% per year).

In value terms, Bolivia ($X) remains the key foreign market for soap in bars exports from Peru, comprising 62% of total exports. The second position in the ranking was held by Colombia ($X), with a 12% share of total exports. It was followed by Chile, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Bolivia amounted to -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-6.4% per year) and Chile (+25.8% per year).

Export Prices by Country

The average soap in bars export price stood at $X per ton in 2021, surging by 13% against the previous year. Overall, the export price, however, saw a perceptible setback. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Colombia ($X per ton), while the average price for exports to Venezuela ($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 Chile (+1.7%), while the prices for the other major destinations experienced mixed trend patterns.

Soap In Bars Imports

Imports into Peru

After two years of growth, supplies from abroad of soap and organic surface-active products in bars decreased by -13.5% to X tons in 2021. In general, imports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2017 when imports increased by 32% against the previous year. Imports peaked at X tons in 2020, and then fell in the following year.

In value terms, soap in bars imports reduced sharply to $X in 2021. Overall, total imports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by 36% against the previous year. Imports peaked at $X in 2020, and then reduced sharply in the following year.

Imports by Country

Colombia (X tons), China (X tons) and Brazil (X tons) were the main suppliers of soap in bars imports to Peru, with a combined 87% share of total imports.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +55.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest soap in bars suppliers to Peru were Colombia ($X), China ($X) and Brazil ($X), with a combined 87% share of total imports.

China, with a CAGR of +47.7%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average soap in bars import price amounted to $X per ton, with a decrease of -9.9% against the previous year. In general, the import price showed a deep setback. The most prominent rate of growth was recorded in 2017 when the average import price increased by 2.9%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ecuador (-1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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