The Solid Soap Market in Belgium, measured per capita, has shown a consistent downward trend from 2013 to 2023. In 2023, the value stood at $2.62 per capita, reflecting a continual decline since 2013. Year-on-year, the market saw slight fluctuations: a minor increase in 2021 at 3.42%, and then a decrease in 2022 and 2023 by 1.84% and 1.87% respectively. Looking at the five-year period, the compound annual growth rate (CAGR) averaged a -1.66% decline, indicating a persistent downward trend over time.
Future trends to watch for include:
- The potential impact of increased consumer preference for eco-friendly and organic soap variants which could stabilize or reverse the decline.
- Technological advancement in manufacturing processes that might enhance product value.
- The role of economic changes and personal hygiene habits post-pandemic which may affect market dynamics.
# | 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 | ||
6 | 6 Switzerland | 2.63 | 2023 | View data | ||
7 | 7 Belgium | 2.62 | 2023 | |||
8 | 8 Germany | 2.27 | 2023 | View data | ||
9 | 9 Bulgaria | 2.07 | 2023 | View data | ||