China: Market for Organic Surface-Active Products For Washing The Skin 2024

Market Size for Organic Surface-Active Products For Washing The Skin in China

The Chinese skin organic surface-active products market rose to $X in 2022, surging by 4.9% against the previous year. Over the period under review, consumption posted a prominent expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Organic Surface-Active Products For Washing The Skin in China

In value terms, skin organic surface-active products production rose sharply to $X in 2022 estimated in export price. Over the period under review, production showed resilient growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by 56%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Organic Surface-Active Products For Washing The Skin

Exports by Country

The United States (X tons) was the main destination for skin organic surface-active products exports from China, accounting for a 25% share of total exports. Moreover, skin organic surface-active products exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), fourfold. The third position in this ranking was taken by Malaysia (X tons), with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to -1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+5.6% per year) and Malaysia (+16.8% per year).

In value terms, the United States ($X) remains the key foreign market for organic surface-active products for washing the skin exports from China, comprising 23% of total exports. The second position in the ranking was held by the UK ($X), with a 7.9% share of total exports. It was followed by Malaysia, with a 5.5% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+12.9% per year) and Malaysia (+20.9% per year).

Export Prices by Country

The average skin organic surface-active products export price stood at $X per ton in 2022, growing by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.4%. The pace of growth appeared the most rapid in 2019 an increase of 19%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Organic Surface-Active Products For Washing The Skin

Imports into China

In 2022, purchases abroad of organic surface-active products for washing the skin decreased by -13.4% to X tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 134% against the previous year. Imports peaked at X tons in 2021, and then shrank in the following year.

In value terms, skin organic surface-active products imports reduced to $X in 2022. In general, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 202%. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

In 2022, Japan (X tons) constituted the largest skin organic surface-active products supplier to China, accounting for a 39% share of total imports. Moreover, skin organic surface-active products imports from Japan exceeded the figures recorded by the second-largest supplier, South Korea (X tons), twofold. The third position in this ranking was held by France (X tons), with a 16% share.

From 2012 to 2022, the average annual growth rate of volume from Japan stood at +65.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+41.7% per year) and France (+53.8% per year).

In value terms, Japan ($X) constituted the largest supplier of organic surface-active products for washing the skin to China, comprising 40% of total imports. The second position in the ranking was taken by South Korea ($X), with a 17% share of total imports. It was followed by France, with a 17% share.

From 2012 to 2022, the average annual growth rate of value from Japan amounted to +70.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+55.6% per year) and France (+58.3% per year).

Import Prices by Country

In 2022, the average skin organic surface-active products import price amounted to $X per ton, surging by 5.8% against the previous year. In general, the import price saw a resilient increase. The pace of growth appeared the most rapid in 2021 when the average import price increased by 55% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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