The Armenian solid soap market size value per capita exhibited fluctuations from 2013 to 2023. In 2023, it reached $1.18 USD per capita, up from $1.17 in 2022 and $1.15 in 2021. This reflects a steady recovery since a decline to $1.06 in 2016. The compound annual growth rate (CAGR) over the past five years was approximately 1.56%, indicating modest growth. The year-on-year increase from 2022 to 2023 was around 0.85%, continuing an upward trend after a dip in prior years.
Future trends to monitor include shifts in consumer preferences towards sustainable products and potential changes in import/export regulations impacting product availability and pricing in the market.
| # | 18 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Denmark | 6.73 | 2023 | View data | ||
| 2 | 2 Norway | 6.65 | 2023 | View data | ||
| 3 | 3 Lithuania | 4.37 | 2023 | View data | ||
| 4 | 4 Japan | 4.26 | 2023 | View data | ||
| 5 | 5 Lebanon | 3.22 | 2023 | View data | ||
| 10 | 10 Estonia | 1.83 | 2023 | View data | ||
| 11 | 11 Iceland | 1.79 | 2023 | View data | ||
| 12 | 12 Armenia | 1.18 | 2023 | |||
| 13 | 13 South Africa | 1.13 | 2023 | View data | ||
| 14 | 14 Belarus | 1.02 | 2023 | View data | ||
