Key Market Indicators
Global sales of soap are projected to reach $34.2 million by 2026, up from $32.7 million in 2020. This reflects an average annual growth rate of 0.8%, higher than the market's 0.4% year-on-year growth rate. Indonesia, Germany and the UK ranked second, third and fourth respectively. Paraguayan exports of soap are anticipated to reach 3.1 million kilograms by 2026, up from 2.5 million kilograms in 2021. This reflects a compound annual growth rate of 3.3%, higher than the 9.4% year-on-year increase since 2001. Meanwhile, Paraguayan imports of soap are forecast to reach 5.6 million kilograms by 2026, up from 4.9 million kilograms in 2021. This reflects a compound annual growth rate of 2.3%, higher than the 3.3% year-on-year increase since 1994. The Dominican Republic overtook Paraguay in 2021, coming in at 4.9 million kilograms. The US, Czech Republic and Russia ranked second, third and fourth respectively.
