Malaysia: Market for Soap In Different Forms 2024

Market Size for Soap In Different Forms in Malaysia

The Malaysian soap in different forms market surged to $X in 2021, increasing by 238% against the previous year. Overall, consumption showed significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Soap In Different Forms in Malaysia

In value terms, soap in different forms production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 49% against the previous year. Soap in different forms production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Soap In Different Forms

Exports from Malaysia

In 2021, overseas shipments of soap in different forms decreased by -29.3% to X tons, falling for the second year in a row after three years of growth. In general, total exports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +3.7% 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 decreased by -36.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 92% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, soap in different forms exports fell to $X in 2021. The total export value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by 40% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons), India (X tons) and the Philippines (X tons) were the main destinations of soap in different forms exports from Malaysia, with a combined 30% share of total exports. Nigeria, Egypt, Turkey, South Africa, France, Bangladesh, Sri Lanka, Singapore, South Korea and Thailand lagged somewhat behind, together comprising a further 40%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sri Lanka (with a CAGR of +28.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for soap in different forms exported from Malaysia were the United Arab Emirates ($X), India ($X) and the Philippines ($X), together accounting for 31% of total exports. These countries were followed by Nigeria, South Africa, Egypt, Turkey, France, Bangladesh, Sri Lanka, Singapore, South Korea and Thailand, which together accounted for a further 41%.

Among the main countries of destination, Sri Lanka, with a CAGR of +25.4%, 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, jumping by 39% against the previous year. Overall, the export price, however, continues to indicate a slight descent. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were South Africa ($X per ton) and the United Arab Emirates ($X per ton), while the average price for exports to India ($X per ton) and Egypt ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+0.1%), while the prices for the other major destinations experienced a decline.

Imports of Soap In Different Forms

Imports into Malaysia

In 2021, purchases abroad of soap in different forms was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, total imports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when imports increased by 95% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, soap in different forms imports soared to $X in 2021. Overall, imports, however, continue to indicate a slight setback. The growth pace was the most rapid in 2018 with an increase of 75% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest supplier of soap in different forms to Malaysia, accounting for a 72% share of total imports. Moreover, soap in different forms imports from Indonesia exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. The United States (X tons) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2021, the average annual growth rate of volume from Indonesia totaled +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+26.9% per year) and the United States (-0.6% per year).

In value terms, Indonesia ($X) constituted the largest supplier of soap in different forms to Malaysia, comprising 50% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by the United States, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Indonesia amounted to +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+18.7% per year) and the United States (-5.0% per year).

Import Prices by Country

In 2021, the average soap in different forms import price amounted to $X per ton, dropping by -23.2% against the previous year. Overall, the import price recorded a noticeable slump. The most prominent rate of growth was recorded in 2020 an increase of 10%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+9.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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