Hong Kong SAR, China: Soap In Bars Market 2024

Soap In Bars Market Size in Hong Kong SAR, China

In 2022, the Hong Kong soap in bars market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, recorded a pronounced slump. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Soap In Bars Exports

Exports from Hong Kong SAR, China

For the fourth consecutive year, Hong Kong SAR recorded decline in overseas shipments of soap and organic surface-active products in bars, which decreased by X% to X tons in 2022. In general, exports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, soap in bars exports reduced sharply to $X in 2022. Over the period under review, exports faced a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Macao SAR (X tons), China (X tons) and the United States (X tons) were the main destinations of soap in bars exports from Hong Kong SAR, together comprising X% of total exports. The Philippines, Tanzania, Kenya, Japan, the UK, Australia and Singapore lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Tanzania (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for soap in bars exported from Hong Kong SAR were China ($X), Macao SAR ($X) and the United States ($X), together accounting for X% of total exports. The Philippines, Tanzania, Japan, Kenya, the UK, Australia and Singapore lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Tanzania, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average soap in bars export price amounted to $X per ton, picking up by X% against the previous year. Overall, the export price posted a remarkable increase. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Soap In Bars Imports

Imports into Hong Kong SAR, China

For the fourth consecutive year, Hong Kong SAR recorded decline in supplies from abroad of soap and organic surface-active products in bars, which decreased by X% to X tons in 2022. Overall, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, soap in bars imports dropped markedly to $X in 2022. Over the period under review, imports saw a abrupt descent. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest soap in bars supplier to Hong Kong SAR, accounting for a X% share of total imports. Moreover, soap in bars imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), fourfold. The third position in this ranking was taken by Thailand (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Thailand (X% per year).

In value terms, China ($X) constituted the largest supplier of soap and organic surface-active products in bars to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and France (X% per year).

Import Prices by Country

In 2022, the average soap in bars import price amounted to $X per ton, leveling off at the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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