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

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

The Philippine market for non-soap washing and cleaning preparations dropped to $X in 2022, approximately reflecting the previous year. In general, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.0% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, non-soap washing and cleaning preparations production dropped slightly to $X in 2022 estimated in export price. Overall, the total production indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.6% against 2019 indices. The growth pace was the most rapid in 2015 when the production volume increased by 32% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Non-Soap Washing and Cleaning Preparations

Exports from the Philippines

For the third year in a row, the Philippines recorded decline in shipments abroad of non-soap washing and cleaning preparations, which decreased by -6.9% to X tons in 2022. Over the period under review, exports showed a perceptible downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 41%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-soap washing and cleaning preparations exports shrank to $X in 2022. Overall, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of 31%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for non-soap washing and cleaning preparations exports from the Philippines, with a 28% share of total exports. Moreover, non-soap washing and cleaning preparations exports to China exceeded the volume sent to the second major destination, South Korea (X tons), twofold. The third position in this ranking was taken by Australia (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+3.9% per year) and Australia (+3.9% per year).

In value terms, the largest markets for non-soap washing and cleaning preparations exported from the Philippines were China ($X), Australia ($X) and Vietnam ($X), with a combined 39% share of total exports. South Korea, Malaysia, Thailand, Japan, Indonesia, the United States, India, Singapore and Hong Kong SAR lagged somewhat behind, together comprising a further 48%.

Japan, with a CAGR of +13.1%, recorded the highest rates of growth with regard to the value of exports, among 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

The average export price for non-soap washing and cleaning preparations stood at $X per ton in 2022, picking up by 7% against the previous year. Overall, the export price, however, recorded a noticeable decrease. The pace of growth appeared the most rapid in 2018 when the average export price increased by 16% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to China ($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 Singapore (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Soap Washing and Cleaning Preparations

Imports into the Philippines

In 2022, after two years of decline, there was significant growth in overseas purchases of non-soap washing and cleaning preparations, when their volume increased by 5.5% to X tons. Overall, imports recorded strong growth. The pace of growth appeared the most rapid in 2016 with an increase of 101%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, non-soap washing and cleaning preparations imports expanded significantly to $X in 2022. Over the period under review, imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2016 when imports increased by 64% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Indonesia (X tons), China (X tons) and Vietnam (X tons) were the main suppliers of non-soap washing and cleaning preparations imports to the Philippines, with a combined 73% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +15.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-soap washing and cleaning preparations suppliers to the Philippines were Thailand ($X), China ($X) and Indonesia ($X), with a combined 62% share of total imports.

China, with a CAGR of +18.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 washing and cleaning preparations stood at $X per ton in 2022, surging by 6.1% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 20%. The import price peaked at $X per ton in 2015; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :