Myanmar: Soap And Detergent Market 2024

Soap And Detergent Market Size in Myanmar

In 2022, the Myanmar's soap and detergent market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2021, and then declined in the following year.

Soap And Detergent Production in Myanmar

In value terms, soap and detergent production stood at $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X; afterwards, it flattened through to 2022.

Soap And Detergent Exports

Exports from Myanmar

In 2022, exports of soap and detergents from Myanmar surged to X tons, rising by X% compared with 2021 figures. Overall, exports saw significant growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, soap and detergent exports soared to $X in 2022. In general, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons) was the main destination for soap and detergent exports from Myanmar, with a X% share of total exports. Moreover, soap and detergent exports to India exceeded the volume sent to the second major destination, Cambodia (X tons), fourfold. Malaysia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (X.9% per year) and Malaysia (X% per year).

In value terms, India ($X) remains the key foreign market for soap and detergents exports from Myanmar, comprising X% of total exports. The second position in the ranking was taken by Cambodia ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to India totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (X.1% per year) and China (X% per year).

Export Prices by Country

The average soap and detergent export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, recorded a deep downturn. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Malaysia ($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 Indonesia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Soap And Detergent Imports

Imports into Myanmar

In 2022, after ten years of growth, there was significant decline in purchases abroad of soap and detergents, when their volume decreased by X% to X tons. Over the period under review, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then fell remarkably in the following year.

In value terms, soap and detergent imports shrank sharply to $X in 2022. Overall, imports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2014 with an increase of X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X tons) constituted the largest supplier of soap and detergent to Myanmar, accounting for a X% share of total imports. Moreover, soap and detergent imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by Indonesia (X tons), with a X% share.

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

In value terms, Thailand ($X) constituted the largest supplier of soap and detergents to Myanmar, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with a X% share of total imports. It was followed by China, with a X% share.

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

Import Prices by Country

The average soap and detergent import price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the import price showed a deep slump. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a 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 India ($X per ton), while the price for China ($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 a decline.

Source: IndexBox Platform

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