Between 2013 and 2023, the value of Ecuador's solid soap market per capita saw a general decline, starting at $4.73 in 2013, reaching $3.96 in 2023. The most noticeable decrease occurred from 2017 to 2018. By 2023, the market slightly recovered from its 2020 low of $3.84, increasing modestly. Recently, annual variations indicate a slight stabilization, with 2022 showing a -0.50% change and 2023 observing a -0.75% change. The compounded annual growth rate over the last five years was approximately -0.18%.
Looking forward, trending sustainability could prompt growth in organic and eco-friendly soap products, while economic fluctuations in Ecuador may still impact purchasing power and market recovery.
| # | 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 | ||
| 31 | 31 Honduras | 4.01 | 2023 | View data | ||
| 32 | 32 Chile | 4.01 | 2023 | View data | ||
| 33 | 33 Ecuador | 3.96 | 2023 | |||
| 34 | 34 Bulgaria | 3.81 | 2023 | View data | ||
| 35 | 35 Malta | 3.76 | 2023 | View data | ||
