Key Market Indicators
Azerbaijan is expected to see a steady increase in soap export and import over the next five years. Export of the product is set to reach 2,230 kilograms by 2026, up from 1,630 kilograms in 2021. This equates to an average annual growth rate of 5.3%. Since 2019, supply has grown by 20.1% each year. Meanwhile, import of the product is predicted to reach 8.6 million kilograms by 2026, up from 7.5 million kilograms in 2021. This represents an average yearly growth rate of 2.3%. Since 2001, demand has jumped by 6% annually. In 2021, Azerbaijan was the 48th-largest importer of soap, with Nicaragua overtaking it at 7.5 million kilograms. The United States, the Czech Republic, and Russia came in second, third, and fourth, respectively.
