Slovakia: Soap Market 2024

Soap Market Size in Slovakia

The Slovak soap market expanded rapidly to $X in 2022, increasing by X% against the previous year. Overall, the total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2014 indices. Soap consumption peaked in 2022 and is expected to retain growth in the near future.

Soap Production in Slovakia

In value terms, soap production declined to $X in 2022 estimated in export price. Over the period under review, production recorded strong growth. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2021, and then reduced in the following year.

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Soap Exports

Exports from Slovakia

In 2022, exports of soap from Slovakia rose slightly to X tons, picking up by X% on 2021. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, soap exports soared to $X in 2022. Overall, exports saw buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of X%. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Romania (X tons), Austria (X tons) and the Czech Republic (X tons) were the main destinations of soap exports from Slovakia, together comprising X% of total exports. Hungary, Poland, Serbia, Germany and Croatia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Serbia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Romania ($X) and the Czech Republic ($X) appeared to be the largest markets for soap exported from Slovakia worldwide, with a combined X% share of total exports. Hungary, Germany, Poland, Serbia and Croatia lagged somewhat behind, together accounting for a further X%.

Serbia, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average soap export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price, however, showed a perceptible curtailment. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (X%), while the prices for the other major destinations experienced a decline.

Soap Imports

Imports into Slovakia

In 2022, soap imports into Slovakia amounted to X tons, increasing by X% against 2021 figures. Over the period under review, imports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, soap imports expanded rapidly to $X in 2022. In general, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of soap to Slovakia, accounting for a X% share of total imports. Moreover, soap imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. The Czech Republic (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and the Czech Republic (X% per year).

In value terms, Germany ($X), the Czech Republic ($X) and Poland ($X) constituted the largest soap suppliers to Slovakia, together accounting for X% of total imports. The Netherlands, Hungary, Italy, Turkey, Spain and the UK lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, the Netherlands, 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

The average soap import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The import price peaked at $X per ton in 2014; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Spain ($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 UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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