From 2012 to 2022, the soap market size in Belgium experienced a decreasing trend, starting at $174.12 million in 2012 and dropping to $123.5 million by 2022. This downward trend reflects consistent year-on-year variations, including significant drops in 2015 and 2020, and minor upward trends in 2018 and 2019. The Compound Annual Growth Rate (CAGR) over the last five years was -0.93%, indicating a slow but steady decline.
In 2023, the market size is reported to be at $121.54 million. The most recent two-year variations show a decrease of 3.67% from 2022 to 2023 and a slight increase of 3.11% from 2021 to 2022.
Future trends to watch for include potential market stabilizations, increased consumer interest in eco-friendly and organic products, and the impact of innovative marketing strategies aimed at younger demographics. The evolving regulatory landscape might also influence market movements.
| # | 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 |
| 24 | 24 Nicaragua | 131,280,000 | 2023 | +1.98% | +1.42% | View data |
| 25 | 25 Switzerland | 128,640,000 | 2023 | -0.019% | -0.17% | View data |
| 26 | 26 Belgium | 121,260,000 | 2023 | -1.81% | -1.49% | |
| 27 | 27 Ecuador | 119,410,000 | 2023 | +1.41% | +0.89% | View data |
| 28 | 28 Sweden | 118,030,000 | 2023 | -2.93% | -3.08% | View data |
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