Soap And Detergent Market in the United States
Market Overview
The U.S. soap and detergent market totaled $
in , increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2013 to ; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.
In value terms, soap and detergent production expanded modestly to $ in . The total output value increased at an average annual rate of +% over the period from 2013 to ; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the production volume increased by %. Over the period under review, production reached the maximum level in and is likely to see steady growth in the near future.
in , increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2013 to ; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.In value terms, soap and detergent production expanded modestly to $
in . The total output value increased at an average annual rate of +% over the period from 2013 to ; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the production volume increased by %. Over the period under review, production reached the maximum level in and is likely to see steady growth in the near future.Consumption
In , approx. tonnes of soap and detergent were consumed in the United States; picking up by % compared with the year before. The total consumption volume increased at an average annual rate of +% over the period from 2013 to ; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption attained the peak volume and is likely to continue growth in the immediate term.
The value of the soap and detergent market in the United States expanded significantly to $ in , rising by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2013 to ; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.
, approx. tonnes of soap and detergent were consumed in the United States; picking up by % compared with the year before. The total consumption volume increased at an average annual rate of +% over the period from 2013 to ; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption attained the peak volume and is likely to continue growth in the immediate term.The value of the soap and detergent market in the United States expanded significantly to $
in , rising by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2013 to ; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.Market Forecast
Driven by increasing demand for soap and detergent in the United States, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tonnes by the end of .
% for the period from to , which is projected to bring the market volume to tonnes by the end of .Market Structure
Over the period under review, the share of imports in terms of total soap and detergent consumption in the United States was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the the United States soap and detergent market is largely supplied by domestic manufacturers.
% figure. In value terms the share of imports also stood at a low figure, which means that the the United States soap and detergent market is largely supplied by domestic manufacturers.Trade Balance
The United States remains a net importer of soap and detergent; in physical and value terms, imports consistently exceeded exports from 2013 to . In , there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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