Australia: Market for Soap In Different Forms 2024

Market Size for Soap In Different Forms in Australia

The Australian soap in different forms market dropped remarkably to $X in 2021, waning by -21.4% against the previous year. In general, consumption, however, posted a buoyant expansion. Soap in different forms consumption peaked at $X in 2020, and then contracted remarkably in the following year.

Production of Soap In Different Forms in Australia

In value terms, soap in different forms production fell significantly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a buoyant increase. The growth pace was the most rapid in 2017 when the production volume increased by 121% against the previous year. Soap in different forms production peaked at $X in 2020, and then contracted markedly in the following year.

Exports of Soap In Different Forms

Exports from Australia

In 2021, after three years of growth, there was significant decline in overseas shipments of soap in different forms, when their volume decreased by -43.7% to X tons. Over the period under review, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by 132% against the previous year. As a result, the exports reached the peak of X tons, and then contracted remarkably in the following year.

In value terms, soap in different forms exports declined rapidly to $X in 2021. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 217%. As a result, the exports reached the peak of $X, and then contracted dramatically in the following year.

Exports by Country

New Zealand (X tons), the United States (X tons) and Japan (X tons) were the main destinations of soap in different forms exports from Australia, with a combined 65% share of total exports. China, South Korea, the Netherlands, Taiwan (Chinese), Hong Kong SAR, Vietnam, Singapore and Malaysia lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +232.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Japan ($X) and the Netherlands ($X) appeared to be the largest markets for soap in different forms exported from Australia worldwide, together accounting for 60% of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of +188.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average soap in different forms export price stood at $X per ton in 2021, waning by -12.8% against the previous year. Over the period under review, the export price, however, continues to indicate a resilient expansion. The growth pace was the most rapid in 2015 an increase of 73%. The export price peaked at $X per ton in 2020, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Soap In Different Forms

Imports into Australia

After two years of growth, supplies from abroad of soap in different forms decreased by -19% to X tons in 2021. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 87% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020, and then reduced rapidly in the following year.

In value terms, soap in different forms imports fell to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 47% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then contracted in the following year.

Imports by Country

Indonesia (X tons), Thailand (X tons) and Malaysia (X tons) were the main suppliers of soap in different forms imports to Australia, with a combined 69% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +42.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Thailand ($X) and the United States ($X) appeared to be the largest soap in different forms suppliers to Australia, together comprising 61% of total imports.

Indonesia, with a CAGR of +33.0%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average soap in different forms import price stood at $X per ton in 2021, growing by 6% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 19% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Indonesia ($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 (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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