ASEAN: Market for Soap And Organic Surface-Active Products In Bars For Toilet Use 2024

Market Size for Soap And Organic Surface-Active Products In Bars For Toilet Use in ASEAN

In 2022, the ASEAN market for soap and organic surface-active products in bars for toilet use increased by 6.6% to $X, rising for the sixth year in a row after two years of decline. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Production of Soap And Organic Surface-Active Products In Bars For Toilet Use in ASEAN

In value terms, production of soap and organic surface-active products in bars for toilet use reached $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 19% against the previous year. Over the period under review, production of attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Soap And Organic Surface-Active Products In Bars For Toilet Use

Exports in ASEAN

In 2022, shipments abroad of soap and organic surface-active products in bars for toilet use decreased by -8.2% to X tons, falling for the fifth year in a row after two years of growth. Overall, exports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2016 with an increase of 16% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, exports of soap and organic surface-active products in bars for toilet use expanded modestly to $X in 2022. In general, exports saw a mild contraction. The most prominent rate of growth was recorded in 2017 with an increase of 18% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Malaysia (X tons) and Indonesia (X tons) were the key exporters of soap and organic surface-active products in bars for toilet use in ASEAN, together creating 78% of total exports. It was distantly followed by Thailand (X tons), achieving a 15% share of total exports. The Philippines (X tons), Singapore (X tons) and Vietnam (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Vietnam (with a CAGR of +14.1%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Indonesia ($X), Malaysia ($X) and Thailand ($X) constituted the countries with the highest levels of exports in 2022, with a combined 88% share of total exports. The Philippines, Singapore and Vietnam lagged somewhat behind, together comprising a further 12%.

Vietnam, with a CAGR of +15.1%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, with an increase of 11% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2017 when the export price increased by 17%. The level of export peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+3.6%), while the other leaders experienced more modest paces of growth.

Imports of Soap And Organic Surface-Active Products In Bars For Toilet Use

Imports in ASEAN

In 2022, supplies from abroad of soap and organic surface-active products in bars for toilet use decreased by -3.2% to X tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 31% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of soap and organic surface-active products in bars for toilet use dropped to $X in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2013 when imports increased by 19%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Malaysia (X tons), distantly followed by the Philippines (X tons), Singapore (X tons), Thailand (X tons), Cambodia (X tons), Indonesia (X tons) and Myanmar (X tons) were the main importers of soap and organic surface-active products in bars for toilet use, together achieving 96% of total imports.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of +18.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X), Singapore ($X) and Malaysia ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 65% of total imports. Thailand, Indonesia, Cambodia and Myanmar lagged somewhat behind, together accounting for a further 30%.

Cambodia, with a CAGR of +10.9%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, flattening at the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 11%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+3.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform