Philippines: Bath Preparations Market 2024

Bath Preparations Market Size in the Philippines

The Philippine bath preparations market expanded to $X in 2021, picking up by 4% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Bath Preparations Production in the Philippines

In value terms, bath preparations production totaled $X in 2021 estimated in export price. In general, production, however, recorded a perceptible reduction. The growth pace was the most rapid in 2014 with an increase of 75%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Bath Preparations Exports

Exports from the Philippines

In 2021, overseas shipments of perfumed bath salts and other bath preparations increased by 35% to X tons, rising for the third year in a row after two years of decline. Overall, exports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2014 with an increase of 216% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, bath preparations exports soared to $X in 2021. In general, exports, however, showed a abrupt decline. The pace of growth was the most pronounced in 2014 with an increase of 141%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for bath preparations exports from the Philippines, accounting for a 63% share of total exports. Moreover, bath preparations exports to the UK exceeded the volume sent to the second major destination, Nigeria (X tons), twofold. The third position in this ranking was held by Ghana (X tons), with a 5.5% share.

From 2012 to 2021, the average annual growth rate of volume to the UK amounted to +1,913.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+21.1% per year) and Ghana (+4.8% per year).

In value terms, the UK ($X) emerged as the key foreign market for perfumed bath salts and other bath preparations exports from the Philippines, comprising 65% of total exports. The second position in the ranking was held by Nigeria ($X), with a 19% share of total exports. It was followed by the United Arab Emirates, with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value to the UK amounted to +2,091.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+48.1% per year) and the United Arab Emirates (+4.6% per year).

Export Prices by Country

In 2021, the average bath preparations export price amounted to $X per ton, rising by 5.5% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 14% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Australia ($X per ton), while the average price for exports to Nigeria ($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 Nigeria (+22.3%), while the prices for the other major destinations experienced more modest paces of growth.

Bath Preparations Imports

Imports into the Philippines

In 2021, imports of perfumed bath salts and other bath preparations into the Philippines skyrocketed to X tons, with an increase of 16% against the year before. Over the period under review, imports saw a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 72% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, bath preparations imports dropped rapidly to $X in 2021. In general, imports recorded resilient growth. The pace of growth appeared the most rapid in 2013 with an increase of 81%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Malaysia (X tons), China (X tons) and the United States (X tons) were the main suppliers of bath preparations imports to the Philippines, with a combined 69% share of total imports. Germany, Thailand, the Netherlands, Indonesia, Vietnam and the UK lagged somewhat behind, together comprising a further 26%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +423.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of perfumed bath salts and other bath preparations to the Philippines, comprising 67% of total imports. The second position in the ranking was taken by Germany ($X), with an 11% share of total imports. It was followed by Malaysia, with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +48.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+51.2% per year) and Malaysia (+15.8% per year).

Import Prices by Country

The average bath preparations import price stood at $X per ton in 2021, with a decrease of -26.9% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 47% against the previous year. As a result, import price attained the peak level of $X per ton, and then declined significantly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+28.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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