Republic of Korea: Market for Non-Soap Washing and Cleaning Preparations 2025

Market Size for Non-Soap Washing and Cleaning Preparations in Republic of Korea

In 2022, the South Korean market for non-soap washing and cleaning preparations decreased by -2.1% to $X for the first time since 2017, thus ending a four-year rising trend. Over the period under review, consumption showed a relatively flat trend pattern. Non-soap washing and cleaning preparations consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Non-Soap Washing and Cleaning Preparations in Republic of Korea

In value terms, non-soap washing and cleaning preparations production totaled $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by 13%. Over the period under review, production attained the peak level at $X in 2020; afterwards, it flattened through to 2022.

Exports of Non-Soap Washing and Cleaning Preparations

Exports from Republic of Korea

In 2022, the amount of non-soap washing and cleaning preparations exported from South Korea reached X tons, surging by 3.7% against 2021 figures. The total export volume increased at an average annual rate of +4.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 19%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, non-soap washing and cleaning preparations exports amounted to $X in 2022. Overall, total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +38.9% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 18%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The Philippines (X tons), China (X tons) and Japan (X tons) were the main destinations of non-soap washing and cleaning preparations exports from South Korea, together comprising 43% of total exports. The United States, Vietnam, Malaysia, Russia, Uzbekistan, Thailand, Indonesia, Taiwan (Chinese), Nigeria and Ukraine lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uzbekistan (with a CAGR of +61.1%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), the Philippines ($X) and Japan ($X) constituted the largest markets for non-soap washing and cleaning preparations exported from South Korea worldwide, together comprising 37% of total exports. The United States, Taiwan (Chinese), Vietnam, Russia, Malaysia, Indonesia, Thailand, Nigeria, Uzbekistan and Ukraine lagged somewhat behind, together accounting for a further 37%.

Uzbekistan, with a CAGR of +50.1%, recorded the highest growth rate of 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 2022, the average export price for non-soap washing and cleaning preparations amounted to $X per ton, picking up by 2% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2021 an increase of 17% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Uzbekistan ($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 Taiwan (Chinese) (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Soap Washing and Cleaning Preparations

Imports into Republic of Korea

After ten years of growth, purchases abroad of non-soap washing and cleaning preparations decreased by -17.3% to X tons in 2022. Overall, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.5% against 2012 indices. The pace of growth was the most pronounced in 2021 with an increase of 38% against the previous year. As a result, imports attained the peak of X tons, and then reduced markedly in the following year.

In value terms, non-soap washing and cleaning preparations imports contracted slightly to $X in 2022. Over the period under review, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +105.2% against 2012 indices. The pace of growth appeared the most rapid in 2021 with an increase of 26% against the previous year. As a result, imports reached the peak of $X, and then fell slightly in the following year.

Imports by Country

The Philippines (X tons), China (X tons) and the United States (X tons) were the main suppliers of non-soap washing and cleaning preparations imports to South Korea, with a combined 72% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +67.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the Philippines ($X) and the United States ($X) appeared to be the largest non-soap washing and cleaning preparations suppliers to South Korea, with a combined 61% share of total imports.

Among the main suppliers, the Philippines, with a CAGR of +67.2%, 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

In 2022, the average import price for non-soap washing and cleaning preparations amounted to $X per ton, rising by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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