Philippines: Market for Non-Soap Surface-Active Washing and Cleaning Preparations 2024

Market Size for Non-Soap Surface-Active Washing and Cleaning Preparations in the Philippines

After three years of growth, the Philippine market for non-soap surface-active washing and cleaning preparations decreased by -4.6% to $X in 2021. Overall, consumption, however, enjoyed a prominent expansion. Over the period under review, the market attained the peak level at $X in 2020, and then shrank modestly in the following year.

Production of Non-Soap Surface-Active Washing and Cleaning Preparations in the Philippines

In value terms, production of non-soap surface-active washing and cleaning preparations contracted to $X in 2021 estimated in export price. Overall, production, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of 57% against the previous year. Production of peaked at $X in 2020, and then declined slightly in the following year.

Exports of Non-Soap Surface-Active Washing and Cleaning Preparations

Exports from the Philippines

In 2021, overseas shipments of non-soap surface-active washing and cleaning preparations decreased by -15% to X tons, falling for the second consecutive year after two years of growth. Overall, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2014 when exports increased by 170% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of non-soap surface-active washing and cleaning preparations fell to $X in 2021. In general, exports showed a deep slump. The most prominent rate of growth was recorded in 2019 when exports increased by 32%. Over the period under review, the exports of reached the maximum at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons), Australia (X tons) and Vietnam (X tons) were the main destinations of exports of non-soap surface-active washing and cleaning preparations from the Philippines, with a combined 43% share of total exports. These countries were followed by Thailand, China, South Korea, India, Japan, Indonesia, Singapore, the United States and Hong Kong SAR, which together accounted for a further 46%.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +30.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-soap surface-active washing and cleaning preparations exported from the Philippines were Australia ($X), Malaysia ($X) and Vietnam ($X), with a combined 40% share of total exports. Thailand, South Korea, India, China, Japan, Singapore, Indonesia, the United States and Hong Kong SAR lagged somewhat behind, together accounting for a further 47%.

Japan, with a CAGR of +27.5%, recorded 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 export price for non-soap surface-active washing and cleaning preparations amounted to $X per ton, with an increase of 4.8% against the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for non-soap surface-active washing and cleaning preparations decreased by -16.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 113% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Hong Kong SAR ($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 India (-0.4%), while the prices for the other major destinations experienced a decline.

Imports of Non-Soap Surface-Active Washing and Cleaning Preparations

Imports into the Philippines

In 2021, supplies from abroad of non-soap surface-active washing and cleaning preparations decreased by -0.3% to X tons, falling for the second year in a row after four years of growth. Over the period under review, imports, however, recorded a strong increase. The growth pace was the most rapid in 2016 with an increase of 107%. Over the period under review, imports of reached the maximum at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, imports of non-soap surface-active washing and cleaning preparations rose significantly to $X in 2021. Overall, imports, however, continue to indicate a resilient increase. The growth pace was the most rapid in 2016 with an increase of 68%. Over the period under review, imports of hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Indonesia (X tons), China (X tons) and Vietnam (X tons) were the main suppliers of imports of non-soap surface-active washing and cleaning preparations to the Philippines, together accounting for 78% of total imports. Malaysia, Thailand, South Korea, the UK, Singapore, India and the United States lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +53.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), China ($X) and Vietnam ($X) constituted the largest non-soap surface-active washing and cleaning preparations suppliers to the Philippines, together accounting for 63% of total imports. Malaysia, Singapore, Thailand, the United States, the UK, India and South Korea lagged somewhat behind, together accounting for a further 29%.

Among the main suppliers, the UK, with a CAGR of +42.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for non-soap surface-active washing and cleaning preparations stood at $X per ton in 2021, surging by 6.5% against the previous year. Overall, the import price, however, continues to indicate a mild reduction. The pace of growth was the most pronounced in 2015 an increase of 11%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained 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 Malaysia (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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