Southern Asia: Market for Non-Soap Washing and Cleaning Preparations 2024

Market Size for Non-Soap Washing and Cleaning Preparations in Southern Asia

The South Asian market for non-soap washing and cleaning preparations contracted to $X in 2022, reducing by -1.9% against the previous year. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak 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 Southern Asia

In value terms, non-soap washing and cleaning preparations production dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 26%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Non-Soap Washing and Cleaning Preparations

Exports in Southern Asia

In 2022, overseas shipments of non-soap washing and cleaning preparations increased by 6.9% to X tons, rising for the seventh consecutive year after three years of decline. In general, exports, however, continue to indicate a mild contraction. The most prominent rate of growth was recorded in 2019 with an increase of 13% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, non-soap washing and cleaning preparations exports soared to $X in 2022. Total exports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.4% 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 +101.5% against 2015 indices. The pace of growth was the most pronounced in 2021 when exports increased by 25% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

India dominates exports structure, resulting at X tons, which was near 93% of total exports in 2022. It was distantly followed by Pakistan (X tons), creating a 5.5% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to non-soap washing and cleaning preparations exports from India stood at -1.7%. At the same time, Pakistan (+20.0%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +20.0% from 2012-2022. Pakistan (+4.7 p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by -5.2% from 2012 to 2022, respectively.

In value terms, India ($X) remains the largest non-soap washing and cleaning preparations supplier in Southern Asia, comprising 91% of total exports. The second position in the ranking was held by Pakistan ($X), with a 7.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in India stood at +1.8%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, surging by 8.3% against the previous year. Over the last decade, it increased at an average annual rate of +3.6%. The growth pace was the most rapid in 2013 when the export price increased by 31% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while India amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.5%).

Imports of Non-Soap Washing and Cleaning Preparations

Imports in Southern Asia

After two years of growth, supplies from abroad of non-soap washing and cleaning preparations decreased by -15.4% to X tons in 2022. Over the period under review, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2014 when imports increased by 37% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then contracted remarkably in the following year.

In value terms, non-soap washing and cleaning preparations imports dropped to $X in 2022. Total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.2% 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 +103.5% against 2013 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 40%. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, India (X tons) represented the major importer of non-soap washing and cleaning preparations, committing 47% of total imports. Bangladesh (X tons) held the second position in the ranking, distantly followed by Pakistan (X tons) and Nepal (X tons). All these countries together took approx. 43% share of total imports. Sri Lanka (X tons), Maldives (X tons) and Afghanistan (X tons) followed a long way behind the leaders.

Imports into India increased at an average annual rate of +8.4% from 2012 to 2022. At the same time, Nepal (+13.9%), Bangladesh (+9.6%), Maldives (+8.5%), Pakistan (+5.7%), Afghanistan (+3.4%) and Sri Lanka (+1.6%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +13.9% from 2012-2022. From 2012 to 2022, the share of Bangladesh, Nepal and India increased by +3.2, +2.7 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported non-soap washing and cleaning preparations in Southern Asia, comprising 51% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 22% share of total imports. It was followed by Pakistan, with a 13% share.

In India, non-soap washing and cleaning preparations imports increased at an average annual rate of +7.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bangladesh (+9.4% per year) and Pakistan (+5.5% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, increasing by 12% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by 12%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Maldives (+3.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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