Singapore: Bath Preparations Market 2024

Bath Preparations Market Size in Singapore

The Singaporean bath preparations market soared to $X in 2021, surging by 427% against the previous year. In general, consumption saw a prominent expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Bath Preparations Production in Singapore

In value terms, bath preparations production amounted to $X in 2021 estimated in export price. Over the period under review, production recorded significant growth. The pace of growth was the most pronounced in 2014 with an increase of 365%. Bath preparations production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Bath Preparations Exports

Exports from Singapore

In 2021, overseas shipments of perfumed bath salts and other bath preparations decreased by -66.6% to X tons, falling for the second consecutive year after two years of growth. In general, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 751% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, bath preparations exports fell dramatically to $X in 2021. Over the period under review, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 390%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Hong Kong SAR (X tons) and Australia (X tons) were the main destinations of bath preparations exports from Singapore, with a combined 55% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +90.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bath preparations exported from Singapore were the United States ($X), Hong Kong SAR ($X) and Australia ($X), together accounting for 55% of total exports.

The United States, with a CAGR of +77.2%, recorded the highest rates of growth with regard to 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 2021, the average bath preparations export price amounted to $X per ton, surging by 5.6% against the previous year. Overall, the export price, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2017 an increase of 19% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, the highest price was recorded for prices to Vietnam ($X per ton) and Japan ($X per ton), while the average price for exports to Pakistan ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+0.0%), while the prices for the other major destinations experienced a decline.

Bath Preparations Imports

Imports into Singapore

In 2021, imports of perfumed bath salts and other bath preparations into Singapore fell to X tons, with a decrease of -10.9% on 2020. Overall, total imports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +2.3% against 2019 indices. The growth pace was the most rapid in 2015 with an increase of 31%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, bath preparations imports totaled $X in 2021. In general, imports, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2015 with an increase of 47%. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

The United Arab Emirates (X tons), China (X tons) and Malaysia (X tons) were the main suppliers of bath preparations imports to Singapore, with a combined 44% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +118.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Malaysia ($X) and Thailand ($X) appeared to be the largest bath preparations suppliers to Singapore, together comprising 40% of total imports. These countries were followed by Indonesia, India, the United Arab Emirates, France, Japan, the UK, the United States, Vietnam and Germany, which together accounted for a further 52%.

Among the main suppliers, the United Arab Emirates, with a CAGR of +105.9%, recorded the highest growth rate of 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 2021, the average bath preparations import price amounted to $X per ton, growing by 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +5.4%. The pace of growth was the most pronounced in 2019 an increase of 15% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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