The soap market in Bosnia and Herzegovina displayed fluctuations from 2013 to 2023, with the market size standing at $22.597 million in 2023. Over the last two years, the market experienced minor declines with a year-on-year drop of 0.45% and 0.44% respectively. Over the past five years, the market has faced a negative Compound Annual Growth Rate (CAGR) of 1.42%. This suggests a persistent downward trend highlighting slight instability in the market.
Future trends to watch for:
- Potential shifts in consumer preferences towards environmentally friendly and organic products might alter market dynamics.
- Impacts from regional economic factors and changes in consumer purchasing power could play a crucial role in the market's development.
- Technological advancements in production and distribution could offer new growth opportunities.
| # | 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 |
| 43 | 43 Togo | 30,607,000 | 2023 | +2.61% | +2.99% | View data |
| 44 | 44 Lithuania | 29,353,000 | 2023 | +1.78% | +2.68% | View data |
| 45 | 45 Bosnia and Herzegovina | 22,597,000 | 2023 | -0.44% | -1.42% | |
| 46 | 46 Mauritius | 19,510,000 | 2023 | -0.44% | -0.25% | View data |
| 47 | 47 Armenia | 16,310,000 | 2023 | -3.57% | -3.33% | View data |
