Between 2012 and 2015, the soap market size value per capita in the Philippines showed a steady upward trend, increasing from 2.25 to 2.46 USD. This growth sharply accelerated in 2016, reaching 3.33 USD, followed by a slight decline over the next few years, with minor fluctuations. By 2020, the value dipped to 2.97 USD, but bounced back in 2021 and settled at 3.24 USD in 2022. This represents a positive year-on-year variation of 6.1% from 2021 to 2022, and a negative CAGR of -0.54% over the last five years.
Looking ahead, future trends to watch for include the impact of increased consumer awareness on hygiene, potential economic slowdowns, and the influence of emerging premium soap products. Shifts in consumer preferences towards natural and organic products and the increasing penetration of e-commerce could drive moderate growth in the soap market size per capita in the Philippines.
| # | 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 | ||
| 47 | 47 Togo | 3.68 | 2023 | View data | ||
| 48 | 48 Ethiopia | 3.31 | 2023 | View data | ||
| 49 | 49 Philippines | 3.29 | 2023 | |||
| 50 | 50 Mexico | 2.23 | 2023 | View data | ||
| 51 | 51 Sri Lanka | 1.64 | 2023 | View data | ||
