Eastern Asia: Room Deodorants Market 2024

Room Deodorants Market Size in Eastern Asia

The East Asian room deodorants market stood at $X in 2022, increasing by 2.8% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the market value increased by 9.2% against the previous year. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Room Deodorants Production in Eastern Asia

In value terms, room deodorants production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 18% against the previous year. 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.

Room Deodorants Exports

Exports in Eastern Asia

In 2022, overseas shipments of preparations for perfuming or deodorising rooms increased by 4% to X tons, rising for the sixth year in a row after two years of decline. The total export volume increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 when exports increased by 20%. The volume of export peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, room deodorants exports skyrocketed to $X in 2022. Overall, exports posted buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 42%. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

China dominates exports structure, reaching X tons, which was approx. 93% of total exports in 2022. The following exporters - Japan (X tons) and South Korea (X tons) - together made up 5% of total exports.

Exports from China increased at an average annual rate of +2.6% from 2012 to 2022. At the same time, Japan (+12.2%) and South Korea (+1.9%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +12.2% from 2012-2022. China (+3.3 p.p.) and Japan (+1.9 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest room deodorants supplier in Eastern Asia, comprising 91% of total exports. The second position in the ranking was held by Japan ($X), with a 4% share of total exports.

In China, room deodorants exports increased at an average annual rate of +11.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (+4.7% per year) and South Korea (+3.1% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, picking up by 18% against the previous year. Export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, room deodorants export price increased by +95.5% against 2017 indices. The most prominent rate of growth was recorded in 2021 an increase of 38%. Over the period under review, the export prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.7%), while the other leaders experienced mixed trends in the export price figures.

Room Deodorants Imports

Imports in Eastern Asia

In 2022, after five years of growth, there was decline in overseas purchases of preparations for perfuming or deodorising rooms, when their volume decreased by -3.6% to X tons. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 10% against the previous year. The volume of import peaked at X tons in 2021, and then shrank in the following year.

In value terms, room deodorants imports declined to $X in 2022. Total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.2% against 2016 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 21%. As a result, imports attained the peak of $X, and then dropped slightly in the following year.

Imports by Country

Japan was the key importer of preparations for perfuming or deodorising rooms in Eastern Asia, with the volume of imports resulting at X tons, which was near 39% of total imports in 2022. Taiwan (Chinese) (X tons) ranks second in terms of the total imports with a 23% share, followed by Hong Kong SAR (18%), South Korea (10%) and China (8.7%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by China (with a CAGR of +9.5%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Japan ($X), Hong Kong SAR ($X) and China ($X) were the countries with the highest levels of imports in 2022, together comprising 77% of total imports.

China, with a CAGR of +13.7%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, with an increase of 2.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.0%. The pace of growth appeared the most rapid in 2016 an increase of 12%. The level of import peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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