From 2013 to 2023, Sri Lanka's soap market size value per capita showed a fluctuating growth pattern, increasing from $1.31 in 2013 to $1.64 in 2023. In recent years, the market grew steadily, with a notable increase from 2021 to 2023, particularly a 2.53% growth from 2022 to 2023. Over the last five years, the compound annual growth rate (CAGR) was an average of 1.59%.
Looking ahead, the Sri Lankan soap market is expected to continue its growth trajectory, driven by increased consumer awareness towards hygiene and expanding rural consumption. Monitoring economic stability and potential shifts in consumer preferences will be essential for anticipating future trends.
- Current Market Value (2023): $1.64 per capita
- Key Growth Drivers: Hygiene awareness, rural consumption expansion
| # | 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 | ||
| 49 | 49 Philippines | 3.29 | 2023 | View data | ||
| 50 | 50 Mexico | 2.23 | 2023 | View data | ||
| 51 | 51 Sri Lanka | 1.64 | 2023 | |||
| 52 | 52 Morocco | 1.4 | 2023 | View data | ||
