SADC: Soap Market 2024

Soap Market Size in SADC

After three years of growth, the SADC soap market decreased by X% to $X in 2022. Overall, consumption saw a pronounced curtailment. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Soap Production in SADC

In value terms, soap production expanded to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt decline. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Soap Exports

Exports in SADC

After two years of decline, overseas shipments of soap increased by X% to X tons in 2022. In general, exports, however, showed a perceptible setback. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, soap exports soared to $X in 2022. The total export 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. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

South Africa was the key exporting country with an export of around X tons, which finished at X% of total exports. Tanzania (X tons) held the second position in the ranking, distantly followed by Zambia (X tons). All these countries together held near X% share of total exports. Mozambique (X tons) and Mauritius (X tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to soap exports from South Africa stood at X%. At the same time, Mozambique (X%), Tanzania (X%) and Mauritius (X%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. By contrast, Zambia (X%) illustrated a downward trend over the same period. Tanzania (X p.p.) and Mozambique (X p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest soap supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Tanzania ($X), with a X% share of total exports. It was followed by Zambia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa was relatively modest. In the other countries, the average annual rates were as follows: Tanzania (X% per year) and Zambia (X% per year).

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

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 South Africa ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced mixed trends in the export price figures.

Soap Imports

Imports in SADC

In 2022, supplies from abroad of soap decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, soap imports amounted to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Tanzania (X tons) and Angola (X tons) represented roughly X% of total imports in 2022. It was distantly followed by South Africa (X tons), Madagascar (X tons), Botswana (X tons) and Malawi (X tons), together generating a X% share of total imports. Namibia (X tons) held a relatively small share of total imports.

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

In value terms, South Africa ($X), Angola ($X) and Tanzania ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Botswana, Madagascar, Namibia and Malawi lagged somewhat behind, together comprising a further X%.

Madagascar, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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

In 2022, the import price in SADC amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per ton in 2012; afterwards, it flattened through to 2022.

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

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

Source: IndexBox Platform

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