Philippines: Market for Organic Surface-Active Products For Washing The Skin 2024

Market Size for Organic Surface-Active Products For Washing The Skin in the Philippines

The Philippine skin organic surface-active products market stood at $X in 2022, increasing by 3.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed significant growth. Skin organic surface-active products consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Exports of Organic Surface-Active Products For Washing The Skin

Exports from the Philippines

In 2022, after three years of growth, there was significant decline in overseas shipments of organic surface-active products for washing the skin, when their volume decreased by -34.9% to X tons. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 348% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then fell rapidly in the following year.

In value terms, skin organic surface-active products exports fell notably to $X in 2022. In general, exports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of 305% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then contracted rapidly in the following year.

Exports by Country

The United Arab Emirates (X tons) was the main destination for skin organic surface-active products exports from the Philippines, accounting for a 48% share of total exports. Moreover, skin organic surface-active products exports to the United Arab Emirates exceeded the volume sent to the second major destination, Cambodia (X tons), fourfold. The third position in this ranking was taken by Indonesia (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates amounted to +19.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (+36.4% per year) and Indonesia (+78.5% per year).

In value terms, the largest markets for skin organic surface-active products exported from the Philippines were Cambodia ($X), the United Arab Emirates ($X) and Singapore ($X), together accounting for 66% of total exports. Indonesia, Myanmar, Malaysia and Kuwait lagged somewhat behind, together accounting for a further 22%.

Among the main countries of destination, Indonesia, with a CAGR of +82.0%, saw the highest rates of growth with regard to 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

The average skin organic surface-active products export price stood at $X per ton in 2022, dropping by -34.7% against the previous year. In general, the export price showed a abrupt decrease. The pace of growth appeared the most rapid in 2020 when the average export price increased by 55%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cambodia ($X per ton), while the average price for exports to Malaysia ($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 Cambodia (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Organic Surface-Active Products For Washing The Skin

Imports into the Philippines

In 2022, approx. X tons of organic surface-active products for washing the skin were imported into the Philippines; with an increase of 3% against the year before. Over the period under review, imports posted a significant expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 72%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, skin organic surface-active products imports contracted to $X in 2022. Overall, imports showed significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 89%. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Thailand (X tons), China (X tons) and Malaysia (X tons) were the main suppliers of skin organic surface-active products imports to the Philippines, with a combined 71% share of total imports. Vietnam, the United States, Indonesia and Germany lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +81.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Malaysia ($X) and Vietnam ($X) appeared to be the largest skin organic surface-active products suppliers to the Philippines, with a combined 63% share of total imports. China, Germany, Indonesia and the United States lagged somewhat behind, together accounting for a further 24%.

In terms of the main suppliers, Germany, with a CAGR of +86.8%, saw the highest rates of growth with regard to 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 skin organic surface-active products import price stood at $X per ton in 2022, reducing by -3.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The pace of growth was the most pronounced in 2021 when the average import price increased by 16% against the previous year. As a result, import price reached the peak level of $X per ton, and then dropped slightly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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