Eastern Asia: Market for Non-Soap Surface-Active Washing and Cleaning Preparations 2024

Market Size for Non-Soap Surface-Active Washing and Cleaning Preparations in Eastern Asia

The East Asian market for non-soap surface-active washing and cleaning preparations reduced to $X in 2021, waning by -3.4% against the previous year. Overall, consumption, however, saw modest growth. Over the period under review, the market reached the maximum level at $X in 2020, and then dropped modestly in the following year.

Production of Non-Soap Surface-Active Washing and Cleaning Preparations in Eastern Asia

In value terms, production of non-soap surface-active washing and cleaning preparations fell to $X in 2021 estimated in export price. In general, production, however, showed a modest increase. The growth pace was the most rapid in 2018 with an increase of 25%. The level of production peaked at $X in 2020, and then dropped slightly in the following year.

Exports of Non-Soap Surface-Active Washing and Cleaning Preparations

Exports in Eastern Asia

In 2021, after two years of growth, there was significant decline in shipments abroad of non-soap surface-active washing and cleaning preparations, when their volume decreased by -6.4% to X tons. Total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when exports increased by 48% against the previous year. Over the period under review, the exports of reached the maximum at X tons in 2020, and then declined in the following year.

In value terms, exports of non-soap surface-active washing and cleaning preparations reached $X in 2021. Total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.6% 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 +58.1% against 2016 indices. The growth pace was the most rapid in 2017 when exports increased by 14% against the previous year. The level of export peaked in 2021 and is likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X tons) was the main exporter of non-soap surface-active washing and cleaning preparations, making up 76% of total exports. It was distantly followed by South Korea (X tons), Japan (X tons) and Taiwan (Chinese) (X tons), together mixing up a 22% share of total exports. Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to non-soap surface-active washing and cleaning preparations exports from China stood at +6.5%. At the same time, Japan (+7.6%), Hong Kong SAR (+4.6%), Taiwan (Chinese) (+4.3%) and South Korea (+3.4%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +7.6% from 2012-2021. From 2012 to 2021, the share of China increased by +2.8 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest non-soap surface-active washing and cleaning preparations supplier in Eastern Asia, comprising 59% of total exports. The second position in the ranking was held by Japan ($X), with a 20% share of total exports. It was followed by South Korea, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +5.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+5.6% per year) and South Korea (+4.8% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, with an increase of 14% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by 39% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, 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 Taiwan (Chinese) (+1.9%), while the other leaders experienced mixed trends in the export price figures.

Imports of Non-Soap Surface-Active Washing and Cleaning Preparations

Imports in Eastern Asia

Imports of non-soap surface-active washing and cleaning preparations rose sharply to X tons in 2021, increasing by 9.1% compared with 2020. Total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of 25%. The volume of import peaked in 2021 and is likely to see steady growth in the near future.

In value terms, imports of non-soap surface-active washing and cleaning preparations soared to $X in 2021. Total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +74.3% against 2012 indices. 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) was the key importer of non-soap surface-active washing and cleaning preparations, committing 37% of total imports. South Korea (X tons) held a 21% share (based on physical terms) of total imports, which put it in second place, followed by Hong Kong SAR (16%), Japan (15%) and Taiwan (Chinese) (9.7%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by South Korea (with a CAGR of +8.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported non-soap surface-active washing and cleaning preparations in Eastern Asia, comprising 51% of total imports. The second position in the ranking was taken by Japan ($X), with a 16% share of total imports. It was followed by South Korea, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at +8.4%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+2.2% per year) and South Korea (+8.1% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, increasing by 7.6% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 15%. The level of import peaked in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while Hong Kong SAR ($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) (+3.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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