Eastern Asia: Market for Non-Ionic Surface-Active Agents (Excluding Soap) 2024

Market Size for Non-Ionic Surface-Active Agents (Excluding Soap) in Eastern Asia

The East Asian market for non-ionic surface-active agents (excluding soap) contracted to $X in 2021, waning by -5.5% against the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Production of Non-Ionic Surface-Active Agents (Excluding Soap) in Eastern Asia

In value terms, non-ionic surface-active agents (excl. soap) production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2018 with an increase of 14%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Exports of Non-Ionic Surface-Active Agents (Excluding Soap)

Exports in Eastern Asia

In 2021, shipments abroad of non-ionic surface-active agents (excluding soap) increased by 24% to X tons, rising for the fifth year in a row after two years of decline. Total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +10.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +91.8% against 2016 indices. The most prominent rate of growth was recorded in 2013 with an increase of 35%. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, non-ionic surface-active agents (excl. soap) exports soared to $X in 2021. Total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +83.4% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the main exporting country with an export of about X tons, which amounted to 61% of total exports. Japan (X tons) took the second position in the ranking, followed by South Korea (X tons) and Taiwan (Chinese) (X tons). All these countries together held approx. 39% share of total exports.

China was also the fastest-growing in terms of the non-ionic surface-active agents (excluding soap) exports, with a CAGR of +19.8% from 2012 to 2021. At the same time, South Korea (+10.0%) and Taiwan (Chinese) (+1.8%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. While the share of China (+33 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Taiwan (Chinese) (-11.3 p.p.) and Japan (-20.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest non-ionic surface-active agents (excl. soap) supplying countries in Eastern Asia were China ($X), Japan ($X) and South Korea ($X), with a combined 90% share of total exports.

China, with a CAGR of +19.8%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, increasing by 13% against the previous year. Over the period under review, the export price, however, saw a noticeable contraction. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+0.1%), while the other leaders experienced a decline in the export price figures.

Imports of Non-Ionic Surface-Active Agents (Excluding Soap)

Imports in Eastern Asia

In 2021, overseas purchases of non-ionic surface-active agents (excluding soap) increased by 7.3% to X tons, rising for the fifth year in a row after two years of decline. The total import volume increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2013 when imports increased by 18%. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, non-ionic surface-active agents (excl. soap) imports surged to $X in 2021. The total import value increased at an average annual rate of +3.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) represented the largest importer of non-ionic surface-active agents (excluding soap), generating 71% of total imports. It was distantly followed by Japan (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons), together comprising a 27% share of total imports. Hong Kong SAR (X tons) followed a long way behind the leaders.

Imports into China increased at an average annual rate of +2.0% from 2012 to 2021. At the same time, South Korea (+5.7%), Japan (+4.8%), Hong Kong SAR (+3.8%) and Taiwan (Chinese) (+1.1%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +5.7% from 2012-2021. From 2012 to 2021, the share of South Korea and Japan increased by +2.4 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported non-ionic surface-active agents (excluding soap) in Eastern Asia, comprising 68% of total imports. The second position in the ranking was held by South Korea ($X), with a 15% share of total imports. It was followed by Japan, with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +3.0%. In the other countries, the average annual rates were as follows: South Korea (+5.5% per year) and Japan (+2.7% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, increasing by 23% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was South Korea ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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