Japan: Market for Soap In Different Forms 2024

Market Size for Soap In Different Forms in Japan

In 2021, the Japanese soap in different forms market decreased by -8.3% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption, however, saw a strong increase. Over the period under review, the market reached the peak level at $X in 2020, and then fell in the following year.

Production of Soap In Different Forms in Japan

In value terms, soap in different forms production dropped to $X in 2021 estimated in export price. In general, production posted strong growth. The pace of growth was the most pronounced in 2017 when the production volume increased by 84% against the previous year. Soap in different forms production peaked at $X in 2020, and then dropped in the following year.

Exports of Soap In Different Forms

Exports from Japan

In 2021, overseas shipments of soap in different forms increased by 59% to X tons, rising for the seventh consecutive year after two years of decline. Overall, exports showed a mild expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, soap in different forms exports rose sharply to $X in 2021. In general, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 73% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

China (X tons) was the main destination for soap in different forms exports from Japan, with a 51% share of total exports. Moreover, soap in different forms exports to China exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), fivefold. The third position in this ranking was held by Hong Kong SAR (X tons), with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+0.5% per year) and Hong Kong SAR (+12.3% per year).

In value terms, the largest markets for soap in different forms exported from Japan were China ($X), Singapore ($X) and Hong Kong SAR ($X), together comprising 86% of total exports.

Among the main countries of destination, Singapore, with a CAGR of +40.4%, recorded 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 average soap in different forms export price amounted to $X per ton, reducing by -27.8% against the previous year. Over the period under review, the export price, however, continues to indicate resilient growth. The pace of growth appeared the most rapid in 2020 an increase of 55% against the previous year. As a result, the export price reached the peak level of $X per ton, and then reduced remarkably in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+6.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Soap In Different Forms

Imports into Japan

Soap in different forms imports into Japan declined remarkably to X tons in 2021, reducing by -27.9% compared with 2020. In general, imports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of 20% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, soap in different forms imports reached $X in 2021. Overall, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 23%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Thailand (X tons), Indonesia (X tons) and Malaysia (X tons) were the main suppliers of soap in different forms imports to Japan, together comprising 95% of total imports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of -0.2%), while purchases for the other leaders experienced a decline.

In value terms, the largest soap in different forms suppliers to Japan were Thailand ($X), the United States ($X) and Indonesia ($X), with a combined 75% share of total imports. Malaysia, the UK and China lagged somewhat behind, together accounting for a further 18%.

The UK, with a CAGR of -0.4%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average soap in different forms import price amounted to $X per ton, picking up by 39% against the previous year. Over the period under review, the import price, however, continues to indicate a mild downturn. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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