Scandinavia: Soap In Bars Market 2023

Soap In Bars Market Size in Scandinavia

The Scandinavia soap in bars market shrank to $X in 2021, dropping by -8.1% against the previous year. The market value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then fell in the following year.

Soap In Bars Production in Scandinavia

In value terms, soap in bars production reduced slightly to $X in 2021 estimated in export price. In general, production continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2015 with an increase of 56% against the previous year. The level of production peaked at $X in 2020, and then reduced in the following year.

Soap In Bars Exports

Exports in Scandinavia

In 2021, exports of soap and organic surface-active products in bars in Scandinavia rose modestly to X tons, surging by 3.3% on 2020. Overall, exports continue to indicate a resilient expansion. The growth pace was the most rapid in 2014 with an increase of 31% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, soap in bars exports contracted modestly to $X in 2021. Total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +71.0% against 2016 indices. The pace of growth was the most pronounced in 2018 with an increase of 38% against the previous year. The level of export peaked at $X in 2020, and then contracted slightly in the following year.

Exports by Country

Sweden was the largest exporting country with an export of around X tons, which reached 60% of total exports. It was distantly followed by Denmark (X tons), comprising a 37% share of total exports. Finland (X tons) held a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Finland (with a CAGR of +27.5%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Denmark ($X) and Finland ($X) were the countries with the highest levels of exports in 2021, together comprising 98% of total exports.

In terms of the main exporting countries, Finland, with a CAGR of +24.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, falling by -6.9% against the previous year. In general, the export price continues to indicate a perceptible setback. The pace of growth appeared the most rapid in 2018 when the export price increased by 34% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (-1.1%), while the other leaders experienced a decline in the export price figures.

Soap In Bars Imports

Imports in Scandinavia

In 2021, approx. X tons of soap and organic surface-active products in bars were imported in Scandinavia; declining by -10.6% on the previous year's figure. Total imports indicated a perceptible expansion 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 +27.9% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 43% against the previous year. As a result, imports attained the peak of X tons, and then fell in the following year.

In value terms, soap in bars imports dropped to $X in 2021. The total import value increased at an average annual rate of +3.4% over the period 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 2020 with an increase of 37% against the previous year. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

The purchases of the three major importers of soap and organic surface-active products in bars, namely Denmark, Sweden and Norway, represented more than two-thirds of total import. It was distantly followed by Finland (X tons), creating a 7.6% share of total imports. Iceland (X tons) held a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Iceland (with a CAGR of +12.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Norway ($X) and Sweden ($X) constituted the countries with the highest levels of imports in 2021, together comprising 86% of total imports.

Denmark, with a CAGR of +7.7%, recorded the highest growth rate of the value of imports, among 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 2021, the import price in Scandinavia amounted to $X per ton, rising by 2.3% against the previous year. Over the period under review, the import price, however, showed a mild shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 9.3%. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Finland ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (-0.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

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