The South African soap market experienced fluctuations over the past decade. Between 2012 and 2014, the market saw a decline, with values dropping from $288.46 million to $280.57 million. A notable recovery began in 2015, reaching $310.03 million, followed by steady growth peaking at $333.13 million in 2019. The market encountered a slight dip in 2020, falling to $326.74 million due to external factors, but resumed its growth trajectory, ending 2022 at $334.66 million with a CAGR of 0.62% over the last five years.
Recent trends indicate modest growth. From 2021 to 2022, the market grew by 0.78%, following a 1.64% increase from 2020 to 2021.
Future trends to watch for in the South African soap market include an increased demand for eco-friendly and organic products, an expanding middle class with higher purchasing power, and the potential impact of regulatory changes on market dynamics.
| # | 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 |
| 12 | 12 Netherlands | 364,750,000 | 2023 | +1.78% | +3.36% | View data |
| 13 | 13 Philippines | 363,270,000 | 2023 | +2.19% | +2.32% | View data |
| 14 | 14 South Africa | 345,240,000 | 2023 | +1.32% | +0.98% | |
| 15 | 15 Peru | 322,510,000 | 2023 | +1.61% | +1.93% | View data |
| 16 | 16 Poland | 316,570,000 | 2023 | +0.22% | +0.16% | View data |
