Asia-Pacific: Market for Soap And Organic Surface-Active Products In Bars Other Than For Toilet Use 2024

Market Size for Soap And Organic Surface-Active Products In Bars Other Than For Toilet Use in Asia-Pacific

The Asia-Pacific market for soap and organic surface-active products in bars other than for toilet use expanded markedly to $X in 2022, picking up by 10% against the previous year. Overall, consumption enjoyed a remarkable increase. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Soap And Organic Surface-Active Products In Bars Other Than For Toilet Use in Asia-Pacific

In value terms, production of soap and organic surface-active products in bars other than for toilet use rose notably to $X in 2022 estimated in export price. In general, production posted a strong expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 48% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth remained at a somewhat lower figure.

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

Exports in Asia-Pacific

In 2022, approx. X tons of soap and organic surface-active products in bars other than for toilet use were exported in Asia-Pacific; jumping by 43% compared with the year before. In general, exports posted a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of 81% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in the near future.

In value terms, exports of soap and organic surface-active products in bars other than for toilet use soared to $X in 2022. Over the period under review, exports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2020 with an increase of 98% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

China (X tons) and Indonesia (X tons) dominates use structure, together achieving 92% of total exports. Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +28.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest soap in bars other than for toilet use supplier in Asia-Pacific, comprising 68% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China amounted to +10.3%. In the other countries, the average annual rates were as follows: Indonesia (+7.3% per year) and Singapore (+24.2% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, declining by -14.1% against the previous year. Overall, the export price saw a mild decline. The most prominent rate of growth was recorded in 2020 an increase of 9.9% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.5%), while the other leaders experienced a decline in the export price figures.

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

Imports in Asia-Pacific

After ten years of growth, purchases abroad of soap and organic surface-active products in bars other than for toilet use decreased by -2.3% to X tons in 2022. Overall, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 21% against the previous year. The volume of import peaked at X tons in 2021, and then dropped slightly in the following year.

In value terms, imports of soap and organic surface-active products in bars other than for toilet use totaled $X in 2022. Over the period under review, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 25%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

In 2022, India (X tons) was the largest importer of soap and organic surface-active products in bars other than for toilet use, comprising 34% of total imports. Australia (X tons) held a 19% share (based on physical terms) of total imports, which put it in second place, followed by Japan (13%), China (8.3%) and the Philippines (8.2%). Singapore (X tons) and Taiwan (Chinese) (X tons) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Philippines (with a CAGR of +39.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest soap in bars other than for toilet use importing markets in Asia-Pacific were India ($X), Australia ($X) and Japan ($X), with a combined 67% share of total imports. China, Singapore, the Philippines and Taiwan (Chinese) lagged somewhat behind, together comprising a further 23%.

In terms of the main importing countries, the Philippines, with a CAGR of +34.6%, recorded the highest rates of growth with regard to 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

In 2022, the import price in Asia-Pacific amounted to $X per ton, increasing by 4.3% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 6.6%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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