Eastern Asia: Market for Soap In Different Forms 2025

Market Size for Soap In Different Forms in Eastern Asia

In 2021, after nine years of growth, there was decline in the East Asian soap in different forms market, when its value decreased by -4% to $X. In general, consumption posted a remarkable increase. The level of consumption peaked at $X in 2020, and then contracted slightly in the following year.

Production of Soap In Different Forms in Eastern Asia

In value terms, soap in different forms production fell to $X in 2021 estimated in export price. Overall, production recorded a resilient expansion. The growth pace was the most rapid in 2016 when the production volume increased by 27%. The level of production peaked at $X in 2020, and then fell modestly in the following year.

Exports of Soap In Different Forms

Exports in Eastern Asia

For the fourth year in a row, Eastern Asia recorded decline in shipments abroad of soap in different forms, which decreased by -21.6% to X tons in 2021. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 85%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, soap in different forms exports declined to $X in 2021. Total exports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +3.8% 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 +20.4% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of 65% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then dropped in the following year.

Exports by Country

In 2021, China (X tons) represented the main exporter of soap in different forms, constituting 70% of total exports. Japan (X tons) held the second position in the ranking, distantly followed by Hong Kong SAR (X tons) and South Korea (X tons). All these countries together took near 29% share of total exports.

Exports from China decreased at an average annual rate of -1.2% from 2012 to 2021. At the same time, South Korea (+2.6%) and Japan (+1.2%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +2.6% from 2012-2021. Hong Kong SAR experienced a relatively flat trend pattern. Japan (+2.6 p.p.) and South Korea (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -2.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X), China ($X) and Hong Kong SAR ($X) were the countries with the highest levels of exports in 2021, with a combined 95% share of total exports.

In terms of the main exporting countries, Japan, with a CAGR of +6.3%, saw the highest growth rate of the value of exports, 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, jumping by 18% against the previous year. In general, the export price showed a notable increase. The growth pace was the most rapid in 2016 an increase of 41%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: 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 Japan (+5.0%), while the other leaders experienced more modest paces of growth.

Imports of Soap In Different Forms

Imports in Eastern Asia

In 2021, the amount of soap in different forms imported in Eastern Asia dropped to X tons, shrinking by -6.5% on 2020. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by 49% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, soap in different forms imports rose rapidly to $X in 2021. In general, imports saw a noticeable setback. The pace of growth appeared the most rapid in 2015 with an increase of 25%. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) was the key importer of soap in different forms, creating 46% of total imports. South Korea (X tons) took a 24% share (based on physical terms) of total imports, which put it in second place, followed by Japan (14%), Hong Kong SAR (7.6%) and Democratic People's Republic of Korea (4.8%). Taiwan (Chinese) (X tons) took a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Democratic People's Republic of Korea (with a CAGR of +4.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Japan ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 80% share of total imports. These countries were followed by Hong Kong SAR, Taiwan (Chinese) and Democratic People's Republic of Korea, which together accounted for a further 20%.

In terms of the main importing countries, Democratic People's Republic of Korea, with a CAGR of +4.5%, 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

In 2021, the import price in Eastern Asia amounted to $X per ton, picking up by 13% against the previous year. In general, the import price, however, saw a mild slump. The pace of growth was the most pronounced in 2020 an increase of 19%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while Democratic People's Republic of Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Democratic People's Republic of Korea (+0.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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