The soap market in Malta witnessed fluctuations from 2013 to 2023, with the market value standing at 4.6157 million USD in 2023. Notably, there was a steep decline between 2014 and 2016, followed by relatively stable trends from 2017 onward. The market witnessed some recovery in 2018 but has since encountered minor declines towards 2023. Year-on-year variations showed notable dips and limited growth, particularly from 2015 to 2023, with recent years experiencing largely negative growth. The compound annual growth rate (CAGR) over the last five years is negative at -1.06%.
Future trends to watch for:
- Increased consumer preference for organic and natural soap products.
- Potential market growth driven by eco-friendly and sustainable packaging trends.
- Impact of global supply chain challenges on local production and distribution.
- Emergence of innovative product formulations targeting specific skin types and conditions.
| # | 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 |
| 50 | 50 Montenegro | 9,447,400 | 2023 | -0.14% | -1.09% | View data |
| 51 | 51 Estonia | 7,632,000 | 2023 | -2.43% | -0.14% | View data |
| 52 | 52 Malta | 4,615,700 | 2023 | -1.3% | -1.06% | |
