South-Eastern Asia: Market for Soap And Organic Surface-Active Products In Bars Other Than For Toilet Use 2024

Market Size for Soap And Organic Surface-Active Products In Bars Other Than For Toilet Use in South-Eastern Asia

The Southeast Asian market for soap and organic surface-active products in bars other than for toilet use rose sharply to $X in 2022, increasing by 6.2% against the previous year. In general, consumption, however, posted buoyant growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Soap And Organic Surface-Active Products In Bars Other Than For Toilet Use in South-Eastern Asia

In value terms, production of soap and organic surface-active products in bars other than for toilet use expanded sharply to $X in 2022 estimated in export price. The total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 -5.7% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 29%. As a result, production reached the peak level of $X. From 2021 to 2022, production of growth remained at a lower figure.

Exports of Soap And Organic Surface-Active Products In Bars Other Than For Toilet Use

Exports in South-Eastern Asia

Exports of soap and organic surface-active products in bars other than for toilet use skyrocketed to X tons in 2022, jumping by 162% compared with the year before. Overall, exports enjoyed a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of soap and organic surface-active products in bars other than for toilet use skyrocketed to $X in 2022. Over the period under review, exports showed a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Indonesia prevails in use structure, amounting to X tons, which was approx. 89% of total exports in 2022. It was distantly followed by Singapore (X tons), creating a 6% share of total exports. Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to soap in bars other than for toilet use exports from Indonesia stood at +11.9%. At the same time, Singapore (+28.6%) and Malaysia (+12.6%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +28.6% from 2012-2022. While the share of Singapore (+4.4 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Indonesia (-5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) remains the largest soap in bars other than for toilet use supplier in South-Eastern Asia, comprising 72% of total exports. The second position in the ranking was held by Singapore ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Indonesia totaled +7.3%. In the other countries, the average annual rates were as follows: Singapore (+24.2% per year) and Malaysia (+11.3% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, falling by -20.4% against the previous year. Overall, the export price continues to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2020 when the export price increased by 26% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: 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 Malaysia (-1.1%), while the other leaders experienced a decline in the export price figures.

Imports of Soap And Organic Surface-Active Products In Bars Other Than For Toilet Use

Imports in South-Eastern Asia

Imports of soap and organic surface-active products in bars other than for toilet use expanded modestly to X tons in 2022, with an increase of 3.1% on the previous year. Over the period under review, imports recorded prominent growth. The most prominent rate of growth was recorded in 2020 when imports increased by 47% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of soap and organic surface-active products in bars other than for toilet use rose notably to $X in 2022. Overall, imports saw resilient growth. The pace of growth appeared the most rapid in 2020 with an increase of 56%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the Philippines (X tons) was the largest importer of soap and organic surface-active products in bars other than for toilet use, making up 46% of total imports. Singapore (X tons) took a 24% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (13%) and Thailand (6.8%). Myanmar (X tons), Indonesia (X tons) and Cambodia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +39.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest soap in bars other than for toilet use importing markets in South-Eastern Asia were Singapore ($X), the Philippines ($X) and Malaysia ($X), together comprising 87% of total imports.

The Philippines, with a CAGR of +34.6%, recorded the highest growth rate of the value of imports, in terms of the main importing countries 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, with an increase of 8.2% against the previous year. Overall, the import price, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2016 an increase of 16%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, 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 Malaysia (+0.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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