ASEAN: Market for Soap In Different Forms 2025

Market Size for Soap In Different Forms in ASEAN

The ASEAN soap in different forms market skyrocketed to $X in 2021, rising by 20% against the previous year. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Soap In Different Forms in ASEAN

In value terms, soap in different forms production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 9.7%. The level of production peaked at $X in 2019; afterwards, it flattened through to 2021.

Exports of Soap In Different Forms

Exports in ASEAN

After six years of growth, overseas shipments of soap in different forms decreased by -7.6% to X tons in 2021. Total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +9.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 56%. The volume of export peaked at X tons in 2020, and then shrank in the following year.

In value terms, soap in different forms exports stood at $X in 2021. Total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +49.9% against 2016 indices. The growth pace was the most rapid in 2013 when exports increased by 27%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

Indonesia was the key exporting country with an export of around X tons, which accounted for 61% of total exports. It was distantly followed by Malaysia (X tons), achieving a 33% share of total exports. Thailand (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +15.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Malaysia ($X) and Thailand ($X) constituted the countries with the highest levels of exports in 2021, with a combined 93% share of total exports.

Indonesia, with a CAGR of +13.7%, saw 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 mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per ton, increasing by 19% against the previous year. Over the period under review, the export price, however, saw a pronounced shrinkage. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (-1.7%), while the other leaders experienced a decline in the export price figures.

Imports of Soap In Different Forms

Imports in ASEAN

Soap in different forms imports fell to X tons in 2021, with a decrease of -11.1% against the previous year. Total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +8.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 37% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020, and then shrank in the following year.

In value terms, soap in different forms imports expanded sharply to $X in 2021. Total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +42.6% against 2014 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 22%. The level of import peaked in 2021 and is likely to see steady growth in the near future.

Imports by Country

The Philippines represented the largest importing country with an import of about X tons, which recorded 41% of total imports. Thailand (X tons) ranks second in terms of the total imports with a 19% share, followed by Malaysia (13%), Vietnam (8.3%), Singapore (6.3%) and Myanmar (6.3%). Indonesia (X tons) followed a long way behind the leaders.

Imports into the Philippines increased at an average annual rate of +13.1% from 2012 to 2021. At the same time, Myanmar (+37.4%), Indonesia (+19.9%), Thailand (+5.9%), Singapore (+4.6%), Malaysia (+3.1%) and Vietnam (+1.9%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +37.4% from 2012-2021. The Philippines (+13 p.p.), Myanmar (+5.6 p.p.) and Indonesia (+2.5 p.p.) significantly strengthened its position in terms of the total imports, while Singapore, Thailand, Vietnam and Malaysia saw its share reduced by -2.3%, -4.1%, -6% and -7.2% from 2012 to 2021, respectively.

In value terms, the Philippines ($X), Singapore ($X) and Thailand ($X) constituted the countries with the highest levels of imports in 2021, with a combined 68% share of total imports. These countries were followed by Malaysia, Vietnam, Indonesia and Myanmar, which together accounted for a further 31%.

Among the main importing countries, Indonesia, with a CAGR of +34.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2021, picking up by 24% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+12.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform