The Solid Soap market value per capita in Armenia has displayed a declining trend from 2013 to 2023, moving from $4.95 to $3.05. Notably, from 2022 to 2023, the market value decreased by approximately 4%, continuing the downward trajectory observed over the past decade. Over the past five years, the compound annual growth rate (CAGR) reflects an average annual reduction of about 3%.
Looking forward, key trends to watch include a shift towards liquid soaps and other personal hygiene innovations, potential price fluctuations due to economic conditions, or changes in consumer preferences driven by environmental and sustainability concerns. Adaptation to these factors will be crucial for future market dynamics.
| # | 46 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Bahrain | 16.82 | 2023 | View data | ||
| 2 | 2 Iceland | 16 | 2023 | View data | ||
| 3 | 3 Australia | 14.92 | 2023 | View data | ||
| 4 | 4 Saudi Arabia | 13.11 | 2023 | View data | ||
| 5 | 5 Austria | 12.81 | 2023 | View data | ||
| 36 | 36 South Africa | 3.28 | 2023 | View data | ||
| 37 | 37 Latvia | 3.19 | 2023 | View data | ||
| 38 | 38 Armenia | 3.05 | 2023 | |||
| 39 | 39 Colombia | 2.93 | 2023 | View data | ||
| 40 | 40 Belarus | 2.62 | 2023 | View data | ||
