Asia: 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

The Asian market for soap and organic surface-active products in bars other than for toilet use expanded significantly to $X in 2022, increasing by 9.1% against the previous year. Overall, consumption posted a resilient increase. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2022.

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

In value terms, production of soap and organic surface-active products in bars other than for toilet use totaled $X in 2022 estimated in export price. Over the period under review, production continues to indicate strong growth. The growth pace was the most rapid in 2020 with an increase of 42%. As a result, production reached 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

Exports of soap and organic surface-active products in bars other than for toilet use skyrocketed to X tons in 2022, growing by 34% compared with the previous year. Over the period under review, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 65% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, exports of soap and organic surface-active products in bars other than for toilet use surged to $X in 2022. In general, exports recorded buoyant growth. The growth pace was the most rapid in 2020 when exports increased by 87%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

China (X tons) and Indonesia (X tons) dominates use structure, together comprising 81% of total exports. It was distantly followed by Turkey (X tons), committing a 7% share of total exports. Singapore (X tons) and Israel (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 ($X) remains the largest soap in bars other than for toilet use supplier in Asia, comprising 59% of total exports. The second position in the ranking was held by Indonesia ($X), with a 16% share of total exports. It was followed by Turkey, with a 7.3% share.

From 2012 to 2022, the average annual growth rate of value in China totaled +10.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (+7.3% per year) and Turkey (+1.3% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, reducing by -12.2% against the previous year. Overall, the export price recorded a mild decrease. The most prominent rate of growth was recorded in 2020 when the export price increased by 13%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+1.2%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in Asia

After three years of growth, supplies from abroad of soap and organic surface-active products in bars other than for toilet use decreased by -9% to X tons in 2022. Total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.0% against 2015 indices. The growth pace was the most rapid in 2021 with an increase of 17% against the previous year. As a result, imports reached the peak of X tons, and then contracted in the following year.

In value terms, imports of soap and organic surface-active products in bars other than for toilet use contracted to $X in 2022. Total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.1% against 2015 indices. The pace of growth was the most pronounced in 2021 when imports increased by 19%. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

In 2022, India (X tons) was the key importer of soap and organic surface-active products in bars other than for toilet use, comprising 31% of total imports. Japan (X tons) took a 12% share (based on physical terms) of total imports, which put it in second place, followed by China (7.5%), the Philippines (7.4%), Iraq (5.4%) and Tajikistan (4.8%). Singapore (X tons), Kazakhstan (X tons), Uzbekistan (X tons), the United Arab Emirates (X tons), Taiwan (Chinese) (X tons), Malaysia (X tons) and Georgia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to soap in bars other than for toilet use imports into India stood at +30.3%. At the same time, Uzbekistan (+73.4%), the Philippines (+39.1%), Iraq (+16.7%), Taiwan (Chinese) (+15.7%), Singapore (+14.0%), Georgia (+7.0%), China (+2.9%) and Japan (+1.9%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Asia, with a CAGR of +73.4% from 2012-2022. Tajikistan and Malaysia experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (-3.7%) and Kazakhstan (-6.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India, the Philippines, Iraq, Uzbekistan and Singapore increased by +27, +6.9, +3.5, +2.6 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest soap in bars other than for toilet use importing markets in Asia were India ($X), Japan ($X) and China ($X), with a combined 56% share of total imports. Singapore, the Philippines, Iraq, Kazakhstan, Taiwan (Chinese), the United Arab Emirates, Tajikistan, Malaysia, Georgia and Uzbekistan lagged somewhat behind, together comprising a further 30%.

Uzbekistan, with a CAGR of +63.2%, saw the highest growth rate of the value of imports, in terms of 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 2022, the import price in Asia amounted to $X per ton, increasing by 2% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the import price increased by 4.9% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while Uzbekistan ($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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