China - Soap - Market Analysis, Forecast, Size, Trends And Insights
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View PricingChina Sees a Decrease in Imported Soap Sales to $83M in December 2023
China Soap Imports
In December 2023, imports of soap into China amounted to 12K tons, flattening at November 2023. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in February 2023 when imports increased by 50% m-o-m.
In value terms, soap imports dropped to $83M (IndexBox estimates) in December 2023. Over the period under review, imports, however, showed a noticeable decline. The most prominent rate of growth was recorded in February 2023 when imports increased by 58% month-to-month.
| COUNTRY | Import Value of Soap in China (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | Dec 2023 | |
| Japan | 47.2 | 22.8 | 54.8 | 45.6 | 36.9 | 45.6 | 37.9 | 33.1 | 30.4 | 35.0 | 29.6 | 24.3 | 27.9 |
| South Korea | 12.4 | 9.3 | 14.1 | 16.5 | 16.2 | 20.1 | 16.3 | 12.6 | 14.5 | 22.1 | 25.3 | 16.6 | 15.1 |
| France | 14.8 | 9.4 | 14.0 | 23.6 | 18.6 | 19.6 | 20.2 | 21.6 | 16.0 | 14.3 | 17.8 | 15.5 | 12.5 |
| Indonesia | 3.9 | 2.7 | 4.0 | 4.6 | 4.9 | 3.4 | 3.4 | 2.8 | 2.9 | 3.5 | 2.5 | 3.5 | 4.2 |
| Italy | 3.9 | 4.4 | 2.6 | 3.9 | 4.0 | 4.3 | 2.3 | 4.4 | 2.3 | 3.0 | 4.4 | 3.8 | 2.6 |
| Germany | 0.9 | 2.3 | 2.0 | 3.5 | 1.9 | 0.7 | 0.9 | 1.1 | 0.9 | 1.6 | 1.0 | 0.7 | 0.9 |
| Malaysia | 0.5 | 0.6 | 0.7 | 1.2 | 1.0 | 0.7 | 0.7 | 1.3 | 1.3 | 0.6 | 0.8 | 2.2 | 0.7 |
| Others | 24.2 | 20.9 | 22.0 | 27.1 | 27.1 | 31.0 | 18.9 | 26.4 | 21.7 | 37.8 | 32.7 | 22.9 | 19.5 |
| Total | 108 | 72.3 | 114 | 126 | 110 | 125 | 101 | 103 | 90.0 | 118 | 114 | 89.5 | 83.4 |
Imports by Country
In December 2023, Indonesia (4.5K tons) constituted the largest soap supplier to China, accounting for a 39% share of total imports. Moreover, soap imports from Indonesia exceeded the figures recorded by the second-largest supplier, Japan (2.1K tons), twofold. Italy (1.5K tons) ranked third in terms of total imports with a 13% share.
From December 2022 to December 2023, the average monthly rate of growth in terms of volume from Indonesia stood at +1.0%. The remaining supplying countries recorded the following average monthly rates of imports growth: Japan (-0.3% per month) and Italy (-3.2% per month).
In value terms, Japan ($28M), South Korea ($15M) and France ($13M) appeared to be the largest soap suppliers to China, together accounting for 67% of total imports. These countries were followed by Indonesia, Italy, Germany and Malaysia, which together accounted for a further 10%.
Malaysia, with a CAGR of +3.5%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Imports by Type
Soap in different forms (5.2K tons), organic surface-active products for washing the skin (4.7K tons) and soap and organic surface-active products in bars other than for toilet use (962 tons) were the main products of soap imports to China, with a combined 92% share of total imports. Soap and organic surface-active products in bars for toilet use lagged somewhat behind, comprising a further 7.5%.
From December 2022 to December 2023, the biggest increases were in soap in bars for toilet use (with a CAGR of +0.9%), while purchases for the other products experienced mixed trend patterns.
In value terms, organic surface-active products for washing the skin ($74M) constituted the largest type of soap supplied to China, comprising 88% of total imports. The second position in the ranking was taken by soap in different forms ($4.8M), with a 5.7% share of total imports. It was followed by soap and organic surface-active products in bars for toilet use, with a 3.8% share.
Import Prices by Country
In December 2023, the soap price stood at $7,131 per ton (CIF, China), which is down by -7.3% against the previous month. Over the period under review, the import price recorded a slight setback. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 43% against the previous month. Over the period under review, average import prices attained the maximum at $10,979 per ton in October 2023; however, from November 2023 to December 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was France ($42,915 per ton), while the price for Indonesia ($922 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the UK (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the soap market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20413120 - Soap and organic surface-active products in bars, etc., n.e.c.
- Prodcom 20413150 - Soap in the form of flakes, wafers, granules or powders
- Prodcom 20413180 - Soap in forms excluding bars, cakes or moulded shapes, p aper, wadding, felt and non-wovens impregnated or coated with soap/detergent, flakes, granules or powders
- Prodcom 20421915 - Soap and organic surface-active products in bars, etc., for toilet use
- Prodcom 20421930 - Organic surface-active products and preparations for washing the skin, whether or not containing soap, p.r.s.
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
