China: Bath Preparations Market 2024

Bath Preparations Market Size in China

The Chinese bath preparations market was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Bath preparations consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Bath Preparations Production in China

In value terms, bath preparations production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 15% against the previous year. Bath preparations production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Bath Preparations Exports

Exports from China

In 2021, overseas shipments of perfumed bath salts and other bath preparations decreased by -5% to X tons, falling for the second year in a row after two years of growth. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 51%. 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 expanded notably to $X in 2021. The total export value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when exports increased by 49% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons), the UK (X tons) and Hong Kong SAR (X tons) were the main destinations of bath preparations exports from China, together accounting for 61% of total exports. Japan, Canada, the Netherlands, Australia, Germany and Taiwan (Chinese) lagged somewhat behind, together comprising a further 24%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +8.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bath preparations exported from China were the United States ($X), the UK ($X) and Japan ($X), with a combined 65% share of total exports. These countries were followed by Hong Kong SAR, the Netherlands, Germany, Australia, Canada and Taiwan (Chinese), which together accounted for a further 22%.

Among the main countries of destination, the Netherlands, with a CAGR of +11.3%, recorded the highest growth rate of 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 bath preparations export price stood at $X per ton in 2021, surging by 20% against the previous year. Overall, export price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, bath preparations export price increased by +22.5% against 2019 indices. The growth pace was the most rapid in 2016 when the average export price increased by 48% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to Canada ($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 Taiwan (Chinese) (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Bath Preparations Imports

Imports into China

In 2021, bath preparations imports into China expanded rapidly to X tons, increasing by 8.9% compared with 2020 figures. In general, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of 132% 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 skyrocketed to $X in 2021. Over the period under review, imports recorded a prominent increase. The pace of growth appeared the most rapid in 2019 with an increase of 181% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Japan (X tons), Taiwan (Chinese) (X tons) and Germany (X tons) were the main suppliers of bath preparations imports to China, together comprising 50% of total imports. These countries were followed by France, Latvia, the United States, South Korea, the United Arab Emirates, Indonesia, Italy, the UK, Spain and the Netherlands, which together accounted for a further 45%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +282.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), the United States ($X) and Germany ($X) appeared to be the largest bath preparations suppliers to China, together accounting for 55% of total imports. These countries were followed by Latvia, France, Taiwan (Chinese), the UK, South Korea, Italy, the Netherlands, Spain, Indonesia and the United Arab Emirates, which together accounted for a further 39%.

Among the main suppliers, the United Arab Emirates, with a CAGR of +237.1%, 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 average bath preparations import price amounted to $X per ton, rising by 23% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 24% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+23.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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