The market for washing and cleaning preparations in Armenia showed fluctuations over the past years. In 2023, the market size was valued at 60.162 million USD. There was a gradual decline from 2013 to 2017, followed by a rebound between 2018 and 2020, and minor contractions in recent years. The year-on-year variation in 2023 was a decrease of 2.57%, highlighting continued market contraction. The Compound Annual Growth Rate (CAGR) for the last five years was 0.32%, showing a very slight upward trend over this period.
Future trends to watch for include:
- Increasing consumer preference for eco-friendly and natural cleaning products, which could drive market innovation.
- Economic changes affecting consumer purchasing power and, consequently, market demand.
- Potential growth in e-commerce as a distribution channel, facilitating wider product access.
How does Armenia rank in Washing and Cleaning Preparations Market Size Value?
| # | 55 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 13,470,000,000 | 2023 | +1.74% | +1.93% | View data |
| 2 | 2 Germany | 6,243,000,000 | 2023 | +1.43% | +2.1% | View data |
| 3 | 3 France | 5,168,400,000 | 2023 | -2.14% | +0.3% | View data |
| 4 | 4 United Kingdom | 5,002,800,000 | 2023 | +0.95% | +0.95% | View data |
| 5 | 5 Canada | 4,351,300,000 | 2023 | +1.07% | +1.67% | View data |
| 44 | 44 Tunisia | 73,824,000 | 2023 | +0.68% | +1.33% | View data |
| 45 | 45 Cyprus | 69,427,000 | 2023 | -3.99% | -3.52% | View data |
| 46 | 46 Armenia | 60,162,000 | 2023 | -2.57% | +0.32% | |
| 47 | 47 Botswana | 48,652,000 | 2023 | +1.15% | +1.09% | View data |
| 48 | 48 Kyrgyzstan | 47,529,000 | 2023 | -1.67% | -0.5% | View data |
