The Cyprus soap market exhibited fluctuations between 2013 and 2023. By 2023, the market reached a size of 14.961 million USD. Notably, 2016 saw significant growth at 32.81%, while 2020 experienced a sharp decline of 12.72%. Over the last five years, a modest Compound Annual Growth Rate (CAGR) of 1.16% was achieved despite substantial year-on-year variations.
Future trends to watch for include:
- Shifts in consumer preferences towards eco-friendly and organic products.
- Potential impact of economic shifts in Cyprus or Europe at large on disposable incomes.
- Innovations in product offerings could drive market expansion.
- Ongoing impacts from global supply chain changes affecting production costs and pricing.
| # | 52 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 1,657,200,000 | 2023 | +4.14% | +5.44% | View data |
| 2 | 2 United Kingdom | 1,148,200,000 | 2023 | -0.26% | +0.39% | View data |
| 3 | 3 Germany | 1,113,300,000 | 2023 | +0.59% | -0.38% | View data |
| 4 | 4 France | 1,070,200,000 | 2023 | -0.84% | -1.46% | View data |
| 5 | 5 Canada | 1,029,900,000 | 2023 | -1.1% | -1.46% | View data |
| 47 | 47 Armenia | 16,310,000 | 2023 | -3.57% | -3.33% | View data |
| 48 | 48 Latvia | 15,123,000 | 2023 | -1.7% | -1.2% | View data |
| 49 | 49 Cyprus | 14,961,000 | 2023 | +5.1% | +1.16% | |
| 50 | 50 Montenegro | 9,447,400 | 2023 | -0.14% | -1.09% | View data |
| 51 | 51 Estonia | 7,632,000 | 2023 | -2.43% | -0.14% | View data |
