South-Eastern Asia: Soap And Detergent Market 2024

Soap And Detergent Market Size in South-Eastern Asia

The Southeast Asian soap and detergent market expanded to $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Soap And Detergent Production in South-Eastern Asia

In value terms, soap and detergent production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Soap And Detergent Exports

Exports in South-Eastern Asia

In 2022, after six years of growth, there was significant decline in shipments abroad of soap and detergents, when their volume decreased by X% to X tons. Total exports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then contracted in the following year.

In value terms, soap and detergent exports rose modestly to $X in 2022. Total exports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2015 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.

Exports by Country

In 2022, Indonesia (X tons) was the largest exporter of soap and detergents, mixing up X% of total exports. Malaysia (X tons) held the second position in the ranking, followed by Thailand (X tons), Vietnam (X tons) and Singapore (X tons). All these countries together took approx. X% share of total exports. The Philippines (X tons) followed a long way behind the leaders.

Exports from Indonesia increased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%), Singapore (X%), Malaysia (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, the Philippines (X%) illustrated a downward trend over the same period. While the share of Indonesia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Philippines (X p.p.) and Thailand (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X), Thailand ($X) and Malaysia ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports. Singapore, Vietnam and the Philippines lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Singapore, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the export prices attained the maximum at $X per ton in 2012; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced mixed trends in the export price figures.

Soap And Detergent Imports

Imports in South-Eastern Asia

In 2022, after ten years of growth, there was decline in purchases abroad of soap and detergents, when their volume decreased by X% to X tons. Total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2012 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021, and then dropped in the following year.

In value terms, soap and detergent imports rose to $X in 2022. Total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2012 indices. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

The countries with the highest levels of soap and detergent imports in 2022 were Malaysia (X tons), the Philippines (X tons), Vietnam (X tons), Singapore (X tons), Thailand (X tons), Indonesia (X tons), Myanmar (X tons), Cambodia (X tons) and Lao People's Democratic Republic (X tons), together amounting to X% of total import.

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

In value terms, Malaysia ($X), the Philippines ($X) and Vietnam ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. Singapore, Thailand, Indonesia, Cambodia, Lao People's Democratic Republic and Myanmar lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Myanmar, with a CAGR of X%, saw 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

The import price in South-Eastern Asia stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2012; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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