From 2013 to 2023, the Solid Soap market in South Africa experienced a steady decline in per capita value, decreasing from $1.95 in 2013 to $1.13 in 2023. The most notable year-on-year drops occurred between 2015 and 2016 with a -14.61%, and 2022 to 2023 with a -4.24%. Over the past five years, the market saw a compound annual growth rate (CAGR) of -2.68%, indicating a consistent negative trend.
Future trends to watch for include:
- Changing consumer preferences towards liquid and eco-friendly soap products.
- Potential market shifts due to economic fluctuations affecting consumer purchasing power.
- Innovations in product offerings that could reverse the current decline.
| # | 18 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Denmark | 6.73 | 2023 | View data | ||
| 2 | 2 Norway | 6.65 | 2023 | View data | ||
| 3 | 3 Lithuania | 4.37 | 2023 | View data | ||
| 4 | 4 Japan | 4.26 | 2023 | View data | ||
| 5 | 5 Lebanon | 3.22 | 2023 | View data | ||
| 11 | 11 Iceland | 1.79 | 2023 | View data | ||
| 12 | 12 Armenia | 1.18 | 2023 | View data | ||
| 13 | 13 South Africa | 1.13 | 2023 | |||
| 14 | 14 Belarus | 1.02 | 2023 | View data | ||
| 15 | 15 Uganda | 0.95 | 2023 | View data | ||
