Key Market Indicators
Soap sales are set to decrease by 2.9% year on year on average, reaching $56.6 million by 2026. In 2020, market figures amounted to $67.3 million. Indonesia, Germany, and the United Kingdom ranked second, third, and fourth, respectively. Belgian soap exports are expected to reach 19 million kilograms by 2026, growing at a 2.2% year on year CAGR from 16.7 million kilograms in 2021. Since 2004, Belgian soap supply has increased by 14.6% year on year. Belgian soap imports are projected to reach 23.3 million kilograms by 2026, growing at a 0.6% year on year average rate from 22.5 million kilograms in 2021. Since 2004, Belgian soap demand has increased by 7.3% year on year. In 2021, Angola ranked ahead at 22.5 million kilograms, followed by the United States, the Czech Republic, and Russia.
