China: 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 China

The Chinese market for soap and organic surface-active products in bars other than for toilet use surged to $X in 2022, jumping by 20% against the previous year. Over the period under review, consumption posted a prominent increase. Consumption of peaked in 2022 and is likely to continue growth in the immediate term.

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

In value terms, production of soap and organic surface-active products in bars other than for toilet use rose rapidly to $X in 2022 estimated in export price. In general, production showed buoyant growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 60%. 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 from China

In 2022, shipments abroad of soap and organic surface-active products in bars other than for toilet use decreased by -2.5% to X tons, falling for the second year in a row after four years of growth. In general, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 115% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of soap and organic surface-active products in bars other than for toilet use expanded markedly to $X in 2022. Overall, exports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of 126% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for exports of soap and organic surface-active products in bars other than for toilet use from China, accounting for a 23% share of total exports. Moreover, exports of soap and organic surface-active products in bars other than for toilet use to the United States exceeded the volume sent to the second major destination, Australia (X tons), twofold. Chile (X tons) ranked third in terms of total exports with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +11.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+10.9% per year) and Chile (+38.7% per year).

In value terms, the United States ($X) remains the key foreign market for soap and organic surface-active products in bars other than for toilet use exports from China, comprising 21% of total exports. The second position in the ranking was taken by the Philippines ($X), with an 8.8% share of total exports. It was followed by Australia, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+29.6% per year) and Australia (+8.6% per year).

Export Prices by Country

The average export price for soap and organic surface-active products in bars other than for toilet use stood at $X per ton in 2022, with an increase of 10% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The export price peaked at $X per ton in 2013; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Chile ($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 the Philippines (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into China

In 2022, after two years of decline, there was significant growth in overseas purchases of soap and organic surface-active products in bars other than for toilet use, when their volume increased by 19% to X tons. The total import volume increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 45%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of soap and organic surface-active products in bars other than for toilet use expanded markedly to $X in 2022. In general, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +8.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 50%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest supplier of soap in bars other than for toilet use to China, with a 50% share of total imports. Moreover, imports of soap and organic surface-active products in bars other than for toilet use from Indonesia exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was taken by South Korea (X tons), with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Indonesia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+73.0% per year) and South Korea (-2.7% per year).

In value terms, the largest soap in bars other than for toilet use suppliers to China were South Korea ($X), Indonesia ($X) and Italy ($X), together accounting for 70% of total imports.

In terms of the main suppliers, Italy, with a CAGR of +74.3%, saw the highest growth rate of 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

The average import price for soap and organic surface-active products in bars other than for toilet use stood at $X per ton in 2022, falling by -3.9% against the previous year. Over the period under review, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for soap and organic surface-active products in bars other than for toilet use increased by +75.7% against 2012 indices. The growth pace was the most rapid in 2018 when the average import price increased by 16% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then fell slightly in the following year.

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 Japan ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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