Malaysia: Bath Preparations Market 2024

Bath Preparations Market Size in Malaysia

The Malaysian bath preparations market rose to $X in 2021, growing by 4% against the previous year. In general, consumption, however, showed a deep downturn. Bath preparations consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Bath Preparations Production in Malaysia

In value terms, bath preparations production expanded notably to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt downturn. Bath preparations production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Bath Preparations Exports

Exports from Malaysia

In 2021, after five years of decline, there was significant growth in shipments abroad of perfumed bath salts and other bath preparations, when their volume increased by 30% to X tons. Over the period under review, exports, however, showed a abrupt decline. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, bath preparations exports soared to $X in 2021. In general, exports, however, faced a abrupt contraction. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X tons), Singapore (X tons) and the Philippines (X tons) were the main destinations of bath preparations exports from Malaysia, together accounting for 58% of total exports. Brunei Darussalam, Hong Kong SAR, Vietnam, Ghana, Indonesia, Thailand, Australia, Cambodia and Taiwan (Chinese) lagged somewhat behind, together comprising a further 32%.

From 2012 to 2021, the biggest increases were recorded for Ghana (with a CAGR of +38.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Singapore ($X) and Brunei Darussalam ($X) were the largest markets for bath preparations exported from Malaysia worldwide, together accounting for 53% of total exports. These countries were followed by the Philippines, Indonesia, Hong Kong SAR, Vietnam, Ghana, Thailand, Australia, Cambodia and Taiwan (Chinese), which together accounted for a further 35%.

Ghana, with a CAGR of +21.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 bath preparations export price amounted to $X per ton, with a decrease of -3.7% against the previous year. In general, the export price continues to indicate a perceptible downturn. The growth pace was the most rapid in 2014 when the average export price increased by 9.3% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Brunei Darussalam ($X per ton), while the average price for exports to Hong Kong SAR ($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 Taiwan (Chinese) (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

Bath Preparations Imports

Imports into Malaysia

In 2021, approx. X tons of perfumed bath salts and other bath preparations were imported into Malaysia; increasing by 7.6% compared with 2020 figures. In general, imports recorded significant growth. The growth pace was the most rapid in 2016 when imports increased by 56% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in years to come.

In value terms, bath preparations imports rose significantly to $X in 2021. Over the period under review, imports saw a resilient increase. The most prominent rate of growth was recorded in 2014 when imports increased by 46%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Vietnam (X tons) was the main bath preparations supplier to Malaysia, accounting for a 91% share of total imports. Moreover, bath preparations imports from Vietnam exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. Germany (X tons) ranked third in terms of total imports with a 1.7% share.

From 2012 to 2021, the average annual growth rate of volume from Vietnam amounted to +60.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-5.5% per year) and Germany (+7.6% per year).

In value terms, Vietnam ($X) constituted the largest supplier of perfumed bath salts and other bath preparations to Malaysia, comprising 76% of total imports. The second position in the ranking was held by Germany ($X), with a 7.9% share of total imports. It was followed by China, with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Vietnam amounted to +62.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.6% per year) and China (-7.7% per year).

Import Prices by Country

The average bath preparations import price stood at $X per ton in 2021, approximately equating the previous year. Over the period under review, the import price, however, recorded a abrupt decline. The growth pace was the most rapid in 2018 an increase of 26% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :