Asia: Bath Preparations Market 2024

Bath Preparations Market Size in Asia

In 2021, after three years of decline, there was growth in the Asian bath preparations market, when its value increased by 4.1% to $X. Overall, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Bath Preparations Production in Asia

In value terms, bath preparations production rose significantly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 12% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Bath Preparations Exports

Exports in Asia

In 2021, shipments abroad of perfumed bath salts and other bath preparations decreased by -4.2% to X tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +1.9% over the period 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 2019 when exports increased by 28%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, bath preparations exports rose modestly to $X in 2021. Total exports indicated a measured increase from 2012 to 2021: its value 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, exports decreased by -13.3% against 2019 indices. The pace of growth was the most pronounced in 2018 with an increase of 32%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, China (X tons) represented the main exporter of perfumed bath salts and other bath preparations, constituting 55% of total exports. Hong Kong SAR (X tons) held the second position in the ranking, followed by Malaysia (X tons). All these countries together took near 21% share of total exports. Thailand (X tons), Indonesia (X tons), the United Arab Emirates (X tons), South Korea (X tons), Singapore (X tons), Turkey (X tons) and Vietnam (X tons) took a minor share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of perfumed bath salts and other bath preparations. At the same time, Hong Kong SAR (+48.3%), Indonesia (+33.8%), Singapore (+27.6%), South Korea (+17.6%), Vietnam (+16.5%), Turkey (+15.3%), Thailand (+15.2%) and the United Arab Emirates (+6.2%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in Asia, with a CAGR of +48.3% from 2012-2021. By contrast, Malaysia (-10.2%) illustrated a downward trend over the same period. Hong Kong SAR (+13 p.p.), Indonesia (+4 p.p.), Thailand (+2.9 p.p.), Singapore (+2 p.p.) and South Korea (+1.8 p.p.) significantly strengthened its position in terms of the total exports, while China and Malaysia saw its share reduced by -11.9% and -14.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest bath preparations supplier in Asia, comprising 52% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 17% share of total exports. It was followed by the United Arab Emirates, with a 5% share.

In China, bath preparations exports expanded at an average annual rate of +2.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Hong Kong SAR (+44.6% per year) and the United Arab Emirates (+8.0% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, picking up by 9% against the previous year. Over the last nine years, it increased at an average annual rate of +2.9%. The pace of growth appeared the most rapid in 2016 when the export price increased by 27%. Over the period under review, the export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+4.0%), while the other leaders experienced more modest paces of growth.

Bath Preparations Imports

Imports in Asia

In 2021, overseas purchases of perfumed bath salts and other bath preparations decreased by -15.6% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 17% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, bath preparations imports declined to $X in 2021. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by 32% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Hong Kong SAR (X tons) and Japan (X tons) represented roughly 42% of total imports in 2021. Malaysia (X tons) ranks next in terms of the total imports with a 7.4% share, followed by Singapore (6%), Thailand (5.7%) and Macao SAR (5.2%). The United Arab Emirates (X tons), Turkey (X tons), Saudi Arabia (X tons), the Philippines (X tons), South Korea (X tons) and Iraq (X tons) held a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Iraq (with a CAGR of +27.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Hong Kong SAR ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 46% of total imports. These countries were followed by Singapore, Saudi Arabia, Macao SAR, Thailand, South Korea, the United Arab Emirates, Malaysia, Iraq, the Philippines and Turkey, which together accounted for a further 38%.

Among the main importing countries, Iraq, with a CAGR of +29.2%, 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 2021, the import price in Asia amounted to $X per ton, growing by 3.7% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the import price increased by 14%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was South Korea ($X per ton), while Turkey ($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 (+5.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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