The soap market size in Indonesia has experienced fluctuations in recent years. Between 2012 and 2016, the market exhibited a rising trend with values increasing significantly. This period was marked by a high CAGR indicating robust growth. However, from 2017 to 2019, the market faced a downward trend with negative year-on-year variations. The years 2020 to 2022 saw a return to positive growth with a modest increase in market size values. Over the last two years, the market demonstrated a stable upward trend, and the compound annual growth rate over the past five years has stabilized, reflecting a consolidating market environment.
Future trends to watch for include potential market expansion driven by increased consumer awareness of hygiene, innovations in soap formulations, and the influence of global economic conditions. The market may also experience shifts due to changing lifestyle preferences and sustainability concerns prompting demand for eco-friendly products.
| # | 52 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 1,657,200,000 | 2023 | +4.14% | +5.44% | |
| 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 |
