Report Update Nov 1, 2024

Philippines - Soap in Different Forms - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Market for Soap In Different Forms 2024

Market Size for Soap In Different Forms in the Philippines

The Philippine soap in different forms market fell to $X in 2021, waning by -7.4% 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, however, enjoyed a buoyant expansion. Soap in different forms consumption peaked at $X in 2020, and then dropped in the following year.

Exports of Soap In Different Forms

Exports from the Philippines

In 2021, shipments abroad of soap in different forms decreased by -41.8% to X tons, falling for the third year in a row after two years of growth. Over the period under review, exports saw a deep downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 1,003% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, soap in different forms exports fell to $X in 2021. In general, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2013 when exports increased by 562%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for soap in different forms exports from the Philippines, with a 94% share of total exports. It was followed by Singapore (X kg), with a 2.4% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates amounted to +11.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-12.0% per year) and the United States (-57.4% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for soap in different forms exports from the Philippines, comprising 86% of total exports. The second position in the ranking was taken by Singapore ($X), with a 4.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates stood at +15.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+2.0% per year) and the United States (-54.3% per year).

Export Prices by Country

In 2021, the average soap in different forms export price amounted to $X per ton, rising by 59% against the previous year. Overall, the export price showed a buoyant increase. The pace of growth appeared the most rapid in 2016 an increase of 237% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the United Arab Emirates ($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 Kuwait (+26.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Soap In Different Forms

Imports into the Philippines

After five years of growth, overseas purchases of soap in different forms decreased by -26.4% to X tons in 2021. Overall, imports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2014 when imports increased by 103% against the previous year. Over the period under review, imports hit record highs at X tons in 2020, and then reduced markedly in the following year.

In value terms, soap in different forms imports reached $X in 2021. Over the period under review, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 119%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest soap in different forms supplier to the Philippines, with a 66% share of total imports. Moreover, soap in different forms imports from Indonesia exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Indonesia amounted to +21.9%.

In value terms, Indonesia ($X) constituted the largest supplier of soap in different forms to the Philippines, comprising 66% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 31% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Indonesia stood at +22.0%.

Import Prices by Country

The average soap in different forms import price stood at $X per ton in 2021, increasing by 42% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for Malaysia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+0.9%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for soap in different forms in the world?

China constituted the country with the largest volume of soap in different forms consumption, comprising approx. 22% of total volume. Moreover, soap in different forms consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The United States ranked third in terms of total consumption with a 5.7% share.

What are the largest producers of soap in different forms in the world?

The countries with the highest volumes of in 2021 were China, Indonesia and India, with a combined 41% share of global production. These countries were followed by Malaysia, the United States, Russia, Turkey, Brazil, Mexico, Japan, Pakistan, Germany and Spain, which together accounted for a further 38%.

What are the leading suppliers of soap in different forms to the Philippines?

In value terms, Indonesia constituted the largest supplier of soap in different forms to the Philippines, comprising 66% of total imports. The second position in the ranking was occupied by Malaysia, with a 31% share of total imports.

What are the leading importers of soap in different forms from the Philippines?

In value terms, Canada emerged as the key foreign market for soap in different forms exports from the Philippines, comprising 39% of total exports. The second position in the ranking was occupied by Australia, with a 13% share of total exports. It was followed by Japan, with an 11% share.

What is the average export price for soap in different forms in the Philippines?

The average soap in different forms export price stood at $3,393 per ton in 2021, growing by 68% against the previous year.

What is the average import price for soap in different forms in the Philippines?

In 2021, the average soap in different forms import price amounted to $1,132 per ton, surging by 41% against the previous year.

This report provides an in-depth analysis of the market for soap in different forms in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20413150 - Soap in the form of flakes, wafers, granules or powders
Prodcom 20413180 - Soap in forms excluding bars, cakes or moulded shapes, p aper, wadding, felt and non-wovens impregnated or coated with soap/detergent, flakes, granules or powders

Country coverage:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023