Asia-Pacific: Toothpaste Market 2024

Toothpaste Market Size in Asia-Pacific

The Asia-Pacific toothpaste market dropped to $X in 2021, with a decrease of -2.3% against the previous year. Over the period under review, consumption continues to indicate a mild decrease. The growth pace was the most rapid in 2018 when the market value increased by 8.4%. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Toothpaste Production in Asia-Pacific

In value terms, toothpaste production shrank modestly to $X in 2021 estimated in export price. Over the period under review, production saw a mild decline. The growth pace was the most rapid in 2016 when the production volume increased by 11%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Toothpaste Exports

Exports in Asia-Pacific

After nine years of growth, shipments abroad of toothpaste, denture cleaners and other dentifrices decreased by -1% to X tons in 2021. The total export volume increased at an average annual rate of +5.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 18%. Over the period under review, the exports reached the peak figure at X tons in 2020, and then shrank in the following year.

In value terms, toothpaste exports rose markedly to $X in 2021. Total exports indicated a strong expansion from 2012 to 2021: its value 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, exports increased by +71.4% against 2012 indices. The growth pace was the most rapid in 2016 with an increase of 13%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

China was the largest exporting country with an export of about X tons, which amounted to 56% of total exports. It was distantly followed by Thailand (X tons) and India (X tons), together constituting a 27% share of total exports. Japan (X tons), Vietnam (X tons), South Korea (X tons) and Indonesia (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +7.3% from 2012 to 2021. At the same time, Japan (+34.2%), South Korea (+12.8%), India (+5.0%) and Thailand (+2.2%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +34.2% from 2012-2021. By contrast, Vietnam (-1.4%) and Indonesia (-6.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and Japan increased by +9.8 and +3.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Thailand ($X) and Japan ($X) were the countries with the highest levels of exports in 2021, with a combined 71% share of total exports.

Japan, with a CAGR of +23.2%, recorded the highest rates of growth with regard to the value of exports, among 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

In 2021, the export price in Asia-Pacific amounted to $X per ton, growing by 7.1% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2016 an increase of 12% against the previous year. The level of export peaked at $X per ton in 2019; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+1.4%), while the other leaders experienced more modest paces of growth.

Toothpaste Imports

Imports in Asia-Pacific

In 2021, the amount of toothpaste, denture cleaners and other dentifrices imported in Asia-Pacific stood at X tons, approximately mirroring the previous year. The total import volume increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 18% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, toothpaste imports expanded rapidly to $X in 2021. Over the period under review, imports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2018 with an increase of 22% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in the near future.

Imports by Country

In 2021, the Philippines (X tons), distantly followed by China (X tons), Hong Kong SAR (X tons), Taiwan (Chinese) (X tons), Australia (X tons), Malaysia (X tons) and South Korea (X tons) were the key importers of toothpaste, denture cleaners and other dentifrices, together making up 75% of total imports. Japan (X tons), Singapore (X tons), Vietnam (X tons), Cambodia (X tons), Lao People's Democratic Republic (X tons) and New Zealand (X tons) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of +42.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest toothpaste importing markets in Asia-Pacific were China ($X), the Philippines ($X) and Australia ($X), together comprising 42% of total imports. Taiwan (Chinese), South Korea, Hong Kong SAR, Japan, Malaysia, Vietnam, Singapore, New Zealand, Cambodia and Lao People's Democratic Republic lagged somewhat behind, together accounting for a further 48%.

Lao People's Democratic Republic, with a CAGR of +41.1%, recorded the highest rates of growth with regard to 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 2021, the import price in Asia-Pacific amounted to $X per ton, rising by 5% against the previous year. Import price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, toothpaste import price increased by +54.8% against 2014 indices. The most prominent rate of growth was recorded in 2018 when the import price increased by 22% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+16.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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