The soap market in Mauritius showed a gentle decline over the past decade, with the market size decreasing from $20.423 million in 2013 to $19.51 million in 2023. The year-on-year variation highlights a minor yet consistent decrease since 2016, with the exception of subtle increments in 2019 and 2021. The five-year compound annual growth rate (CAGR) further confirms the declining trend at -0.25%.
Key points to watch for the future include:
- Potential shifts in consumer behavior and preferences towards organic or specialized soap products.
- Impact of environmental and sustainability trends on packaging and product formulations.
- Influence of socio-economic factors on local production and importation dynamics.
- Possible innovations in product offerings catering to health-conscious consumers.
| # | 52 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 1,657,200,000 | 2023 | +4.14% | +5.44% | View data |
| 2 | 2 United Kingdom | 1,148,200,000 | 2023 | -0.26% | +0.39% | View data |
| 3 | 3 Germany | 1,113,300,000 | 2023 | +0.59% | -0.38% | View data |
| 4 | 4 France | 1,070,200,000 | 2023 | -0.84% | -1.46% | View data |
| 5 | 5 Canada | 1,029,900,000 | 2023 | -1.1% | -1.46% | View data |
| 44 | 44 Lithuania | 29,353,000 | 2023 | +1.78% | +2.68% | View data |
| 45 | 45 Bosnia and Herzegovina | 22,597,000 | 2023 | -0.44% | -1.42% | View data |
| 46 | 46 Mauritius | 19,510,000 | 2023 | -0.44% | -0.25% | |
| 47 | 47 Armenia | 16,310,000 | 2023 | -3.57% | -3.33% | View data |
| 48 | 48 Latvia | 15,123,000 | 2023 | -1.7% | -1.2% | View data |
