Eastern Asia: Market for Soap And Organic Surface-Active Products In Bars For Toilet Use 2024

Market Size for Soap And Organic Surface-Active Products In Bars For Toilet Use in Eastern Asia

The East Asian market for soap and organic surface-active products in bars for toilet use reached $X in 2022, rising by 1.8% against the previous year. In general, consumption continues to indicate a slight slump. The most prominent rate of growth was recorded in 2020 with an increase of 9%. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Soap And Organic Surface-Active Products In Bars For Toilet Use in Eastern Asia

In value terms, production of soap and organic surface-active products in bars for toilet use reached $X in 2022 estimated in export price. Over the period under review, production saw a slight curtailment. The growth pace was the most rapid in 2020 with an increase of 11%. Over the period under review, production of reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Soap And Organic Surface-Active Products In Bars For Toilet Use

Exports in Eastern Asia

In 2022, after three years of decline, there was significant growth in overseas shipments of soap and organic surface-active products in bars for toilet use, when their volume increased by 34% to X tons. In general, exports, however, showed a slight shrinkage. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of soap and organic surface-active products in bars for toilet use surged to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China represented the major exporting country with an export of about X tons, which finished at 64% of total exports. South Korea (X tons) took the second position in the ranking, distantly followed by Japan (X tons) and Taiwan (Chinese) (X tons). All these countries together held approx. 35% share of total exports. Hong Kong SAR (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to soap in bars for toilet use exports from China stood at -1.3%. At the same time, South Korea (+10.8%) and Japan (+10.3%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +10.8% from 2012-2022. By contrast, Hong Kong SAR (-14.6%) and Taiwan (Chinese) (-15.3%) illustrated a downward trend over the same period. South Korea (+16 p.p.), Japan (+4.1 p.p.) and China (+2.9 p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR and Taiwan (Chinese) saw its share reduced by -5.3% and -18.1% from 2012 to 2022, respectively.

In value terms, China ($X), South Korea ($X) and Japan ($X) constituted the countries with the highest levels of exports in 2022, together accounting for 95% of total exports.

South Korea, with a CAGR of +11.6%, 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 mixed trends in the exports figures.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, reducing by -12.8% against the previous year. Export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 an increase of 19%. Over the period under review, the export prices reached the maximum at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+3.2%), while the other leaders experienced more modest paces of growth.

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

Imports in Eastern Asia

In 2022, imports of soap and organic surface-active products in bars for toilet use in Eastern Asia dropped slightly to X tons, waning by -4.8% against the previous year. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 9% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of soap and organic surface-active products in bars for toilet use contracted to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 8.3%. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Japan (X tons), Taiwan (Chinese) (X tons) and China (X tons) represented roughly 81% of total imports in 2022. South Korea (X tons) held the next position in the ranking, followed by Hong Kong SAR (X tons). All these countries together took near 15% share of total imports. Macao SAR (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Macao SAR (with a CAGR of +7.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest soap in bars for toilet use importing markets in Eastern Asia were Japan ($X), China ($X) and Taiwan (Chinese) ($X), with a combined 78% share of total imports. South Korea, Hong Kong SAR and Macao SAR lagged somewhat behind, together accounting for a further 21%.

Among the main importing countries, Macao SAR, with a CAGR of +14.2%, 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 import price in Eastern Asia stood at $X per ton in 2022, which is down by -2.2% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the import price increased by 14%. Over the period under review, import prices hit record highs at $X per ton in 2021, and then shrank slightly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Macao SAR (+6.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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