From 2013 to 2023, the per capita value of the solid soap market in Belize decreased by approximately 12.5%, dropping from $5.75 to $5.03. Notably, between 2013 and 2018, it experienced a significant decline, reaching its lowest in 2018 at $4.28. From 2019 onwards, the market showed a recovery trend with minor fluctuations, recording a value of $5.03 in 2023.
Year-on-year changes since 2021 reveal a slight upward trend, with an increase from $5 in 2021 to $5.03 in 2023. The compound annual growth rate over the last five years (2018-2023) reflects a modest positive growth rate, suggesting a recovering demand.
Future trends to watch for include the potential impact of consumer preferences towards liquid soap or eco-friendly products, which may influence growth and demand dynamics in the solid soap market.
| # | 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 | ||
| 20 | 20 Sweden | 5.25 | 2023 | View data | ||
| 21 | 21 Dominican Republic | 5.05 | 2023 | View data | ||
| 22 | 22 Belize | 5.03 | 2023 | |||
| 23 | 23 Peru | 5 | 2023 | View data | ||
| 24 | 24 Albania | 4.97 | 2023 | View data | ||
