Report Update May 1, 2024

Cuba - Soap - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Soap Market 2024

Soap Market Size in Cuba

In 2021, the Cuban soap market increased by 36% to $X, rising for the third consecutive year after two years of decline. In general, consumption continues to indicate a mild increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Soap Production in Cuba

In value terms, soap production skyrocketed to $X in 2021 estimated in export price. In general, production, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2019 when the production volume increased by 646%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Soap Exports

Exports from Cuba

For the third year in a row, Cuba recorded growth in overseas shipments of soap, which increased by 39% to X tons in 2021. Over the period under review, exports, however, saw a deep reduction. The pace of growth appeared the most rapid in 2015 when exports increased by 1,260% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, soap exports surged to $X in 2021. Overall, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 335% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Turkey (X tons) was the main destination for soap exports from Cuba, with a 80% share of total exports. Moreover, soap exports to Turkey exceeded the volume sent to the second major destination, Mexico (X kg), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey was relatively modest.

In value terms, Turkey ($X) emerged as the key foreign market for soap exports from Cuba, comprising 95% of total exports. The second position in the ranking was taken by Mexico ($X), with a 3.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Turkey was relatively modest.

Export Prices by Country

In 2021, the average soap export price amounted to $X per ton, surging by 201% against the previous year. Overall, the export price recorded a strong expansion. The pace of growth was the most pronounced in 2013 when the average export price increased by 279% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Turkey ($X per ton), while the average price for exports to Mexico stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (-18.5%), while the prices for the other major destinations experienced a decline.

Soap Imports

Imports into Cuba

In 2021, the amount of soap imported into Cuba skyrocketed to X tons, growing by 38% against 2020. Overall, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 68% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, soap imports surged to $X in 2021. In general, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.0% 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 +94.3% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 69% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Indonesia (X tons), China (X tons) and Mexico (X tons) were the main suppliers of soap imports to Cuba, with a combined 42% share of total imports. Brazil, Italy, Colombia, Malaysia, Ecuador, Spain and Turkey lagged somewhat behind, together comprising a further 23%.

From 2012 to 2021, the biggest increases were recorded for Colombia (with a CAGR of +34.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constituted the largest supplier of soap to Cuba, comprising 26% of total imports. The second position in the ranking was held by Indonesia ($X), with a 12% share of total imports. It was followed by China, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Brazil stood at +21.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+17.3% per year) and China (-6.1% per year).

Import Prices by Country

In 2021, the average soap import price amounted to $X per ton, with a decrease of -6.2% against the previous year. Overall, the import price showed a pronounced decline. The growth pace was the most rapid in 2016 when the average import price increased by 15%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Brazil ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+12.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for soap in the world?

The country with the largest volume of soap consumption was China, comprising approx. 16% of total volume. Moreover, soap consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. India ranked third in terms of total consumption with a 6% share.

What are the largest producers of soap in the world?

China remains the largest soap producing country worldwide, accounting for 18% of total volume. Moreover, soap production in China exceeded the figures recorded by the second-largest producer, Indonesia, threefold. India ranked third in terms of total production with a 5.6% share.

What are the leading suppliers of soap to Cuba?

In value terms, Brazil constituted the largest supplier of soap to Cuba, comprising 26% of total imports. The second position in the ranking was taken by Indonesia, with a 12% share of total imports. It was followed by China, with a 10% share.

What are the leading importers of soap from Cuba?

In value terms, Turkey emerged as the key foreign market for soap exports from Cuba, comprising 95% of total exports. The second position in the ranking was held by Mexico $251), with a 3.3% share of total exports.

What is the average export price for soap in Cuba?

The average soap export price stood at $4,446 per ton in 2021, rising by 201% against the previous year.

What is the average import price for soap in Cuba?

The average soap import price stood at $1,065 per ton in 2021, declining by -6.2% against the previous year.

This report provides an in-depth analysis of the soap market in Cuba. 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:

Cuba

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Cuba
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023