Puerto Rico: Soap In Bars Market 2024

Soap In Bars Market Size in Puerto Rico

The Puerto Rican soap in bars market expanded remarkably to $X in 2021, picking up by 8.5% against the previous year. In general, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -7.3% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Soap In Bars Production in Puerto Rico

In value terms, soap in bars production reached $X in 2021 estimated in export price. In general, the total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -7.4% against 2019 indices. The growth pace was the most rapid in 2013 when the production volume increased by 68%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Soap In Bars Exports

Exports from Puerto Rico

In 2021, exports of soap and organic surface-active products in bars from Puerto Rico stood at less than X kg, remaining constant against the previous year's figure. Overall, exports continue to indicate a relatively flat trend pattern.

In value terms, soap in bars exports stood at less than $X in 2021. Over the period under review, exports showed a relatively flat trend pattern.

Exports by Country

The biggest shipments were from Turkey (X tons), China (X tons), Germany (X tons), Indonesia (X tons), Poland (X tons), the United States (X tons), Malaysia (X tons), Mexico (X tons), Kenya (X tons), the UK (X tons), Guatemala (X tons) and Honduras (X tons), together finishing at 68% of total export. The Netherlands (X tons) took a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Kenya (with a CAGR of +18.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest soap in bars supplying countries from Puerto Rico were China ($X), Germany ($X) and Turkey ($X), with a combined 33% share of total exports. These countries were followed by the United States, Poland, Indonesia, the UK, Mexico, Malaysia, the Netherlands, Guatemala, Honduras and Kenya, which together accounted for a further 33%.

Kenya, with a CAGR of +14.1%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Puerto Rico stood at less than $X per ton in 2021, remaining stable against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Kenya ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+1.9%), while the other leaders experienced mixed trends in the export price figures.

Soap In Bars Imports

Imports into Puerto Rico

In 2021, the amount of soap and organic surface-active products in bars imported into Puerto Rico totaled less than X kg, approximately reflecting 2020. Overall, imports showed a relatively flat trend pattern.

In value terms, soap in bars imports totaled less than $X in 2021. In general, imports showed a relatively flat trend pattern.

Imports by Country

In 2021, the United States (X tons), followed by Germany (X tons) were the key importers of soap and organic surface-active products in bars, together constituting 14% of total imports. The following importers - the UK (X tons), Canada (X tons), Tanzania (X tons), the Netherlands (X tons), France (X tons), the United Arab Emirates (X tons), Australia (X tons), Iraq (X tons), Turkey (X tons), Russia (X tons) and Guatemala (X tons) - together made up 28% of total imports.

From 2012 to 2021, the biggest increases were recorded for Tanzania (with a CAGR of +20.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest soap in bars importing markets into Puerto Rico were the United States ($X), Germany ($X) and the UK ($X), together accounting for 19% of total imports. These countries were followed by Canada, France, the Netherlands, the United Arab Emirates, Australia, Russia, Turkey, Iraq, Tanzania and Guatemala, which together accounted for a further 22%.

Among the main importing countries, Tanzania, with a CAGR of +17.7%, 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

In 2021, the import price in Puerto Rico amounted to less than $X per ton, remaining constant against the previous year. In general, the import price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+3.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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