Asia-Pacific: Market for Soap In Different Forms 2025

Market Size for Soap In Different Forms in Asia-Pacific

In 2021, after two years of growth, there was decline in the Asia-Pacific soap in different forms market, when its value decreased by -2.8% to $X. The total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +67.1% against 2012 indices. The level of consumption peaked at $X in 2020, and then fell modestly in the following year.

Production of Soap In Different Forms in Asia-Pacific

In value terms, soap in different forms production contracted slightly to $X in 2021 estimated in export price. The total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +68.3% against 2012 indices. The growth pace was the most rapid in 2016 with an increase of 19% against the previous year. The level of production peaked at $X in 2020, and then contracted modestly in the following year.

Exports of Soap In Different Forms

Exports in Asia-Pacific

In 2021, overseas shipments of soap in different forms decreased by -8.2% to X tons for the first time since 2011, thus ending a nine-year rising trend. Total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +9.4% 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 53% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020, and then dropped in the following year.

In value terms, soap in different forms exports rose remarkably to $X in 2021. Total exports indicated resilient 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 +49.0% against 2016 indices. The pace of growth was the most pronounced in 2013 with an increase of 21% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in years to come.

Exports by Country

Indonesia represented the major exporter of soap in different forms in Asia-Pacific, with the volume of exports recording X tons, which was near 58% of total exports in 2021. It was distantly followed by Malaysia (X tons), committing a 32% share of total exports. Thailand (X tons) and China (X tons) took a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Indonesia (with a CAGR of +15.8%), while 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 82% share of total exports.

Indonesia, with a CAGR of +13.7%, 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 Asia-Pacific stood at $X per ton in 2021, rising by 15% against the previous year. Overall, the export price, however, continues to indicate a pronounced decrease. The pace of growth was the most pronounced in 2020 an increase of 16% against the previous year. 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 China ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.2%), while the other leaders experienced a decline in the export price figures.

Imports of Soap In Different Forms

Imports in Asia-Pacific

In 2021, soap in different forms imports in Asia-Pacific shrank to X tons, dropping by -6.4% on the previous year's figure. Total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +5.9% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 20% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, soap in different forms imports expanded notably to $X in 2021. The total import value increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 21%. The level of import peaked in 2021 and is likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of soap in different forms imports in 2021 were India (X tons), the Philippines (X tons) and China (X tons), together resulting at 47% of total import. It was distantly followed by Thailand (X tons), Bangladesh (X tons), South Korea (X tons) and Malaysia (X tons), together committing a 23% share of total imports. The following importers - Australia (X tons), Japan (X tons), Vietnam (X tons), Sri Lanka (X tons), Papua New Guinea (X tons) and Singapore (X tons) - together made up 17% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Papua New Guinea (with a CAGR of +28.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest soap in different forms importing markets in Asia-Pacific were India ($X), the Philippines ($X) and China ($X), together comprising 39% of total imports. These countries were followed by Singapore, Australia, South Korea, Thailand, Japan, Malaysia, Vietnam, Bangladesh, Sri Lanka and Papua New Guinea, which together accounted for a further 45%.

In terms of the main importing countries, Papua New Guinea, with a CAGR of +21.6%, 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 Asia-Pacific stood at $X per ton in 2021, increasing by 18% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced shrinkage. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+6.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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