The soap market in Sweden has experienced significant fluctuations over the years. From 2012 to 2014, the market showed modest declines with some slight recovery in 2014. However, starting in 2015, the market faced a dramatic downturn dropping by 16.85%, followed by continued declines although at varying rates. The period from 2016 to 2022 exhibited a general downward trend in market value, with some years having minor recoveries such as 2017 and 2021. The most recent data highlights a decline into 2022 with a value of $121.59 million.
The market's year-on-year variations typically underscore the volatility and recovery attempts within the sector, reflecting a -6.79% change in 2020 with slight recovery in 2021 and subsequent drop in 2022. Over the past five years, the market's compound annual growth rate (CAGR) averaged at a negative rate of -3.75%, indicating a consistent contraction over the period.
Future trends to watch for include potential market stabilization and recovery driven by increased consumer awareness and demand for hygiene products, especially post-pandemic. Innovations in soap formulations and eco-friendly products could also play a pivotal role in revitalizing market growth.
| # | 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 |
| 26 | 26 Belgium | 121,260,000 | 2023 | -1.81% | -1.49% | View data |
| 27 | 27 Ecuador | 119,410,000 | 2023 | +1.41% | +0.89% | View data |
| 28 | 28 Sweden | 118,030,000 | 2023 | -2.93% | -3.08% | |
| 29 | 29 Denmark | 115,390,000 | 2023 | -0.11% | -0.91% | View data |
| 30 | 30 Ireland | 103,680,000 | 2023 | -2.21% | -0.52% | View data |
