Soap Market Report: Production, Industry Trends and

Companies Mentioned in the Report: Church & Dwight, Colgate-Palmolive, Ecolab, Procter & Gamble, Edgewell Personal Care Co, Clorox, Unilever, Henkel, Cetaphil, Aveeno, Bradford Soap Works, Bulk Apothecary, Botanie Soap, Formula Corp., Tropical Products, Power Line Packaging, Doerfler Mfg, Vermont Soap, Natural Soap Wholesale, Ton Savon, The Soap Guy

NEW YORK, April 13, 2022 (GLOBE NEWSWIRE) – IndexBox has just published a new report: ‘US – Soap – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

US Soap Market Statistics

Imports $ 1,334.1 Million USD
Exports $ 1,019.6 Million USD
Top Foreign Suppliers Canada, China, Mexico
Top Export Destinations Canada, Mexico, China

In 2021, the US soap market decreased by -11.1% to $ 2.6B for the first time since 2017, thus ending a three-year rising trend. The most prominent rate of growth was recorded in 2010 with an increase of 24% yoy. Soap consumption peaked at $ 3.6B in 2007; however, from 2008 to 2021, consumption stood at a somewhat lower figure. REQUEST FREE DATA

Soap Production in the US

In 2021, soap production in the US rose slightly to 816K tons, surging by 1.9% on 2020 figures. Overall, production, however, showed a pronounced setback. The most prominent rate of growth was recorded in 2010 with an increase of 21% yoy. Soap production peaked at 1.5M tons in 2007; however, from 2008 to 2021, production remained at a lower figure. REQUEST FREE DATA

In value terms, soap production reached $ 2.7B in 2021. Over the period under review, production, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2010 when production volume increased by 13% year-to-year. Soap production peaked at $ 4.3B in 2007; however, from 2008 to 2021, production stood at a somewhat lower figure. REQUEST FREE DATA

Soap Exports from the US

In 2021, overseas shipments of soap decreased by -4.2% to 301K tons for the first time since 2017, thus ending a three-year rising trend. The total export volume increased at an average annual rate of + 3.8% over the period from 2007 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2009 with an increase of 23% year-to-year. Exports peaked at 314K tons in 2020, and then declined in the following year.

In value terms, soap exports expanded to $ 1B in 2021. Overall, total exports indicated a prominent expansion from 2007 to 2021: its value increased at an average annual rate of + 3.8% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by + 13.7% against 2017 indices. The most prominent rate of growth was recorded in 2008 with an increase of 25% yoy. Exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Canada (195K tonnes) was the main destination for soap exports from the US, with a 65% share of total volume. Moreover, soap supplies to Canada exceeded the volume sent to the second major destination, Mexico (20K tons), tenfold.

In value terms, Canada ($ 518M) remains the key foreign market for soap exports from the US, comprising 51% of total supplies. The second position in the ranking was occupied by Mexico ($ 74M), with a 7.3% share of total exports. It was followed by China, with a 4.6% share.

From 2007 to 2021, the average annual growth rate in terms of value to Canada amounted to + 4.4%. Exports to other major destinations recorded the following average annual rates of export growth: Mexico (+ 8.1% per year) and China (+ 12.6% per year).

Export Prices by Country

In 2021, the average soap export price amounted to $ 3,387 per tonne, increasing by 7.3% against the previous year. There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was China, while the average price for exports to Costa Rica was amongst the lowest. From 2007 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China, while prices for other major destinations experienced more modest paces of growth.

Soap Imports into the US

In 2021, after eleven years of growth, there was a significant decline in overseas purchases of soap, when their volume decreased by -31.6% to 549K tons. Over the period under review, imports, however, showed buoyant growth.

In value terms, imports dropped rapidly to $ 1.3B in 2021. In general, imports, however, enjoyed a resilient increase.

Imports by Country

China (149K tonnes), Canada (121K tonnes) and Mexico (95K tonnes) were the main suppliers of soap imports to the US, together accounting for 66% of total volume. The UK, South Korea, Turkey, Germany, Italy, India and Indonesia lagged somewhat behind, together comprising a further 23%.

In value terms, the largest soap suppliers to the US were Canada ($ 340M), China ($ 263M) and Mexico ($ 203M), together accounting for 60% of total imports. The UK, Germany, South Korea, Italy, India, Turkey and Indonesia lagged somewhat behind, together comprising a further 23%.

In 2021, soap supplies from China to the US dropped by nearly 60% compared to a year earlier. By contrast, imports from the UK (+ 20.4%) and Mexico (+ 2.1%) increased.

Import Prices by Country

The average soap import price stood at $ 2,428 per tonne in 2021, increasing by 8.3% against the previous year. In general, the import price recorded a relatively flat trend pattern. Prices varied noticeably by the country of origin; the country with the highest price was Germany ($ 3,532 per tonne), while the price for Turkey ($ 1,155 per tonne) was amongst the lowest. From 2007 to 2021, the most notable rate of growth in terms of prices was attacked by Indonesia, while prices for other major suppliers experienced more modest paces of growth.

About IndexBox

IndexBox is a market research firm developing an AI-driven market intelligence platform that helps business analysts find actionable insights and make data-driven decisions. The platform provides data on consumption, production, trade, and prices for more than 10K + different products across 200 countries.

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Product Coverage

Soap and organic surface-active products and preparations, in the form of in the form of liquid, cream, bars, cakes, molded pieces or shapes, and paper, wadding, felt and nonwovens, impregnated, coated or covered with soap or detergent.

Related Links

Soap Market

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Organic Surface-Active Products Market

Non-Soap Washing Preparations Market


        

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