The Armenian soap market saw a consistent decline in value per capita from 2013 to 2023, decreasing from $8.29 to $5.06. Over the past two years, the market showed a decline of approximately 4.4% in 2022 and 4.9% in 2023. The five-year CAGR from 2018 to 2023 indicates an average annual decrease of 2.9%. The trend suggests a steady decrease in consumption or value preference for soap products.
Future trends to watch for include the potential impact of increased consumer awareness on hygiene from global health crises, which may cause market fluctuations. Additionally, economic recovery and shifts in consumer purchasing power could stabilize or reverse the current decline.
| # | 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 | ||
| 43 | 43 Argentina | 5.11 | 2023 | View data | ||
| 44 | 44 Indonesia | 5.07 | 2023 | View data | ||
| 45 | 45 Armenia | 5.06 | 2023 | |||
| 46 | 46 Honduras | 5.06 | 2023 | View data | ||
| 47 | 47 Togo | 3.68 | 2023 | View data | ||
