Eastern Asia: 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 Eastern Asia

The East Asian market for soap and organic surface-active products in bars other than for toilet use rose remarkably to $X in 2022, growing by 15% against the previous year. In general, consumption continues to indicate a remarkable increase. The level of consumption peaked in 2022 and is likely to see steady growth in the near future.

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

In value terms, production of soap and organic surface-active products in bars other than for toilet use amounted to $X in 2022 estimated in export price. Overall, production saw a strong expansion. The pace of growth was the most pronounced in 2020 when the production volume increased by 59% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production of growth remained at a lower figure.

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

Exports in Eastern Asia

In 2022, overseas shipments 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, saw a resilient expansion. The pace of growth was the most pronounced in 2020 when exports increased by 112%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of soap and organic surface-active products in bars other than for toilet use rose markedly to $X in 2022. Over the period under review, exports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2020 with an increase of 118% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

The shipments of the one major exporters of soap and organic surface-active products in bars other than for toilet use, namely China, represented more than two-thirds of total export.

China was also the fastest-growing in terms of the soap and organic surface-active products in bars other than for toilet use exports, with a CAGR of +9.7% from 2012 to 2022. China (+1.7 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) also remains the largest soap in bars other than for toilet use supplier in Eastern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +10.3%.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, picking up by 9.5% against the previous year. Overall, the export price saw a relatively flat trend pattern. The level of export peaked at $X per ton in 2016; afterwards, it flattened through to 2022.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +0.5% per year.

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

Imports in Eastern Asia

In 2022, approx. X tons of soap and organic surface-active products in bars other than for toilet use were imported in Eastern Asia; increasing by 5.2% compared with 2021. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 16% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of soap and organic surface-active products in bars other than for toilet use reduced to $X in 2022. Total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -2.8% against 2020 indices. The pace of growth was the most pronounced in 2017 when imports increased by 16%. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Japan (X tons) represented the largest importer of soap and organic surface-active products in bars other than for toilet use, committing 53% of total imports. China (X tons) held a 34% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (9.8%). South Korea (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +15.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and Taiwan (Chinese) ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 95% of total imports.

Among the main importing countries, Taiwan (Chinese), with a CAGR of +13.7%, recorded 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, reducing by -5.7% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. The pace of growth was the most pronounced in 2021 when the import price increased by 11%. As a result, import price attained the peak level of $X per ton, and then reduced 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 China (+5.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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