Key Market Indicators
Soap sales are predicted to reach $164 million by 2026, a 0.8% year-on-year increase from 2020's $156 million. Market growth has been 3.5% year-on-year. Indonesia, Germany and the United Kingdom are the top three in this ranking. Filipina soap exports are set to fall 0.9% annually to 5.4 million kilograms in 2026 from 5.7 million kilograms in 2021. Since 2001, export supply has decreased 8.6% year-on-year. Filipina soap imports are projected to rise 1.4% annually to 23.4 million kilograms in 2026 from 21.6 million kilograms in 2021. Since 2001, demand has dropped 4.4% year-on-year. The country ranked 16th in 2021, with Belgium overtaking it with 21.6 million kilograms. The United States, Czech Republic and Russia were the top three in this ranking.
