Key Market Indicators
Soap sales are expected to hit nearly $8.1 billion by 2026, a 3.4% decrease from 2020's figure of $9.8 billion. The market has been decreasing by an average of 2.7% year-on-year. Indonesia, Germany, and the United Kingdom are the second, third, and fourth-highest ranked countries in this ranking. Armenian soap exports are projected to reach 43,280 kilograms by 2026, an increase of 3.5% year-on-year since 2005. Armenian supply has grown 153.9% since then. Armenian soap imports are forecast to reach 2.4 million kilograms by 2026, a 2% increase from 2021's figure of 2.1 million kilograms. Armenia ranked 88th in 2021. Botswana was ahead with 2.1 million kilograms, followed by the United States, the Czech Republic, and Russia.
