Venezuela: Soap In Bars Market 2023

Soap In Bars Market Size in Venezuela

For the third consecutive year, the Venezuelan soap in bars market recorded growth in sales value, which increased by 19% to $X in 2021. Overall, consumption saw a noticeable decline. Soap in bars consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Soap In Bars Exports

Exports from Venezuela

In 2021, approx. X tons of soap and organic surface-active products in bars were exported from Venezuela; shrinking by -7.8% on the previous year's figure. In general, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2013 with an increase of 261% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, soap in bars exports contracted slightly to $X in 2021. Over the period under review, exports showed a abrupt curtailment. The pace of growth was the most pronounced in 2013 with an increase of 146%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Spain (X tons), Colombia (X tons) and the United States (X tons) were the main destinations of soap in bars exports from Venezuela, together comprising 91% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +7.9%), while the other leaders experienced a decline.

In value terms, the largest markets for soap in bars exported from Venezuela were Spain ($X), Guyana ($X) and Colombia ($X), together accounting for 98% of total exports.

Guyana, with a CAGR of -3.4%, recorded 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 a decline.

Export Prices by Country

The average soap in bars export price stood at $X per ton in 2021, growing by 7.5% against the previous year. In general, the export price, however, showed a noticeable contraction. The pace of growth appeared the most rapid in 2017 when the average export price increased by 24% against the previous year. 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 remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Guyana ($X per ton), while the average price for exports to Panama ($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 Spain (+3.0%), while the prices for the other major destinations experienced mixed trend patterns.

Soap In Bars Imports

Imports into Venezuela

After two years of growth, overseas purchases of soap and organic surface-active products in bars decreased by -1% to X tons in 2021. In general, imports, however, recorded a slight expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 189% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, soap in bars imports soared to $X in 2021. Overall, imports recorded a abrupt setback. The pace of growth was the most pronounced in 2019 with an increase of 156% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Brazil (X tons), Indonesia (X tons) and Turkey (X tons) were the main suppliers of soap in bars imports to Venezuela, with a combined 79% 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 Indonesia (with a CAGR of +55.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Brazil ($X) and Indonesia ($X) constituted the largest soap in bars suppliers to Venezuela, together accounting for 76% of total imports.

Among the main suppliers, Indonesia, with a CAGR of +46.1%, 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 in bars import price stood at $X per ton in 2021, growing by 26% against the previous year. In general, the import price, however, showed a abrupt decrease. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 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 ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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