Between 2013 and 2023, the soap market size value per capita in Latvia showed considerable fluctuation. In 2023, the value stood at $8.16, a slight decline. The year-on-year changes indicate varying trends, with periods of growth and decline. From 2022 to 2023, there was a slight decrease of around 0.85%, while the Compound Annual Growth Rate (CAGR) over the last five years was slightly negative, reflecting a general contracting trend.
Future trends to watch include:
- Increasing consumer preference for eco-friendly and sustainable products may impact market dynamics.
- The potential for market recovery or growth driven by innovation in the soap sector.
- Economic factors, such as changes in consumer behavior post-pandemic, could influence demand trends.
| # | 52 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Australia | 36.59 | 2023 | View data | ||
| 2 | 2 Norway | 30.26 | 2023 | View data | ||
| 3 | 3 Canada | 28.93 | 2023 | View data | ||
| 4 | 4 Guatemala | 26.94 | 2023 | View data | ||
| 5 | 5 Netherlands | 21.39 | 2023 | View data | ||
| 30 | 30 Poland | 8.35 | 2023 | View data | ||
| 31 | 31 Japan | 8.2 | 2023 | View data | ||
| 32 | 32 Latvia | 8.16 | 2023 | |||
| 33 | 33 Spain | 7.82 | 2023 | View data | ||
| 34 | 34 Kazakhstan | 7.49 | 2023 | View data | ||
