The Mexican soap market showed fluctuations from 2012 to 2023, with an initial growth trend until 2014, followed by a noticeable decline and stabilization. Specifically, the market saw increases in 2013 and 2014, with year-on-year variations of 4.34% and 4.16%, respectively, but faced a sharp decrease of 7.99% in 2015, and further declines in subsequent years such as the 9.65% drop in 2017. Recent years indicate a slight stabilization with minor fluctuations, showing a minimal year-on-year decrease of -1.48% in 2021 and -0.57% in 2022. Over the last five years, the CAGR has averaged at 0.88%. In 2024, the market size value is still reflective of these trends.
Future trends to watch for include shifts in consumer preferences towards natural and organic products, which may influence market dynamics. Additionally, economic factors and regulatory changes could impact pricing and production, potentially affecting overall market growth and stability.
| # | 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 |
| 16 | 16 Poland | 316,570,000 | 2023 | +0.22% | +0.16% | View data |
| 17 | 17 Kenya | 311,500,000 | 2023 | +7.72% | +9.67% | View data |
| 18 | 18 Mexico | 296,360,000 | 2023 | -1.44% | -0.63% | |
| 19 | 19 Argentina | 239,930,000 | 2023 | -2.44% | -2.89% | View data |
| 20 | 20 Austria | 181,080,000 | 2023 | +0.035% | -0.19% | View data |