The per capita value of the solid soap market in Mexico demonstrates a declining trend from 2013 to 2023, dropping from $2.11 to $1.70. The most significant decrease occurred between 2013 and 2015, with moderate fluctuations and a slight recovery from 2018 onwards. Over the last two years, from 2021 to 2023, there was a marginal decline, equating to a year-on-year decrease of approximately 0.58% from 2022 to 2023. The five-year compounded annual growth rate (CAGR) shows a mild contraction of around 0.12%.
Future trends to watch for include:
- Potential market stabilization influenced by economic recovery post-pandemic.
- Growing consumer preference for sustainable and eco-friendly products might drive innovation in solid soap.
- Technological advancements or market shifts might offer opportunities for value growth beyond traditional products.
| # | 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 | ||
| 41 | 41 Zambia | 2.13 | 2023 | View data | ||
| 42 | 42 Indonesia | 2.06 | 2023 | View data | ||
| 43 | 43 Mexico | 1.7 | 2023 | |||
| 44 | 44 Philippines | 1.3 | 2023 | View data | ||
| 45 | 45 Morocco | 0.94 | 2023 | View data | ||
