The soap market size in Denmark exhibited notable fluctuations from 2012 to 2022. The market grew substantially from $94.638 million in 2012 to a peak of $133.31 million in 2016, driven by a 19.71% year-on-year boost. However, this was followed by a general decline, with values decreasing to $115.52 million by 2022 despite occasional increases such as a 5.14% rise in 2021. The Compound Annual Growth Rate (CAGR) revealed a mixed pattern: the last five years showed an average annual reduction of -2.68%, reflecting a downward trend.
Future trends to watch for in 2024 include an increasing demand for sustainable and organic products, a potential recovery post-economic disruptions, and evolving consumer preferences towards premium and dermatological soap products.
# | 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 |
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 |
29 | 29 Denmark | 115,390,000 | 2023 | -0.11% | -0.91% | |
30 | 30 Ireland | 103,680,000 | 2023 | -2.21% | -0.52% | View data |
31 | 31 Greece | 100,030,000 | 2023 | -0.89% | -2.45% | View data |