Sri Lanka - Soap - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSoap Price in Sri Lanka - 2021
Contents:
- Soap Price in Sri Lanka (CIF) - 2022
- Soap Price in Sri Lanka (FOB) - 2022
- Soap Imports in Sri Lanka
- Soap Exports in Sri Lanka
Soap Price in Sri Lanka (CIF) - 2022
The average soap import price stood at $1,334 per ton in 2022, rising by 18% against the previous year. Over the period under review, the import price, however, recorded a mild downturn. The most prominent rate of growth was recorded in 2018 an increase of 198%. As a result, import price attained the peak level of $3,489 per ton. From 2019 to 2022, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($1,904 per ton), while the price for Malaysia ($1,289 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Soap Price in Sri Lanka (FOB) - 2022
In 2022, the average soap export price amounted to $3,489 per ton, with a decrease of -14.2% against the previous year. Overall, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, soap export price increased by +43.7% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 92%. Over the period under review, the average export prices hit record highs at $4,688 per ton in 2017; however, from 2018 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 Singapore ($6,856 per ton), while the average price for exports to Kiribati ($706 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 Singapore (+14.7%), while the prices for the other major destinations experienced more modest paces of growth.
Soap Imports in Sri Lanka
In 2022, purchases abroad of soap decreased by -17.4% to 10K tons, falling for the second year in a row after two years of growth. In general, imports recorded a mild slump. The pace of growth was the most pronounced in 2020 with an increase of 30%. As a result, imports reached the peak of 13K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, soap imports shrank slightly to $13M in 2022. The total import value increased at an average annual rate of +11.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 20%.
| Import of Soap in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 5.5 | 7.9 | 7.7 | 9.6 | 20.4% |
| Indonesia | 1.2 | 2.1 | 2.8 | 2.4 | 26.0% |
| India | 1.7 | 0.8 | 1.1 | 1.0 | -16.2% |
| Others | 1.2 | 0.7 | 2.1 | 0.3 | -37.0% |
| Total | 9.6 | 11.5 | 13.7 | 13.3 | 11.5% |
Top Suppliers of Soap to Sri Lanka in 2022:
- Malaysia (7.4K tons)
- Indonesia (1.9K tons)
- India (0.5K tons)
Soap Exports in Sri Lanka
In 2022, exports of soap from Sri Lanka surged to 284 tons, with an increase of 50% against the previous year's figure. In general, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, soap exports surged to $991K in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +16.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.2% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Soap in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 154 | 22.9 | 89.5 | 180 | 5.3% |
| Pakistan | N/A | N/A | 39.5 | 156 | 294.9% |
| Australia | 4.7 | 27.4 | 18.8 | 88.3 | 165.8% |
| Canada | 41.6 | 65.9 | 31.8 | 85.7 | 27.2% |
| United Kingdom | 19.6 | 79.2 | 33.4 | 42.8 | 29.7% |
| France | 1.4 | 4.0 | 2.9 | 36.6 | 196.8% |
| Switzerland | 29.7 | 28.8 | 18.3 | 34.0 | 4.6% |
| Guatemala | N/A | N/A | N/A | 29.9 | 0% |
| Germany | 15.2 | 42.2 | 36.3 | 26.9 | 21.0% |
| Malaysia | 2.3 | N/A | 60.3 | 16.3 | 92.1% |
| Kiribati | N/A | N/A | N/A | 8.1 | 0% |
| Oman | N/A | 45.9 | 81.6 | N/A | 77.8% |
| Others | 366 | 493 | 357 | 286 | -7.9% |
| Total | 634 | 810 | 770 | 991 | 16.1% |
Top Export Markets for Soap from Sri Lanka in 2022:
- Pakistan (74.2 tons)
- Maldives (51.5 tons)
- Canada (40.5 tons)
- Australia (18.6 tons)
- Kiribati (11.4 tons)
- France (9.6 tons)
- Guatemala (8.8 tons)
- United Kingdom (8.2 tons)
- Switzerland (7.0 tons)
- Germany (5.0 tons)
- Malaysia (4.7 tons)
This report provides an in-depth analysis of the soap market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20413120 - Soap and organic surface-active products in bars, etc., n.e.c.
- Prodcom 20413150 - Soap in the form of flakes, wafers, granules or powders
- Prodcom 20413180 - Soap in forms excluding bars, cakes or moulded shapes, p aper, wadding, felt and non-wovens impregnated or coated with soap/detergent, flakes, granules or powders
- Prodcom 20421915 - Soap and organic surface-active products in bars, etc., for toilet use
- Prodcom 20421930 - Organic surface-active products and preparations for washing the skin, whether or not containing soap, p.r.s.
Country coverage:
- Sri Lanka
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Sri Lanka
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In 2016, the amount of soap imported worldwide totaled X tons, ascending by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the peri...
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