Thailand: Bath Preparations Market 2024

Bath Preparations Market Size in Thailand

The Thai bath preparations market shrank to $X in 2021, waning by -12.8% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Bath preparations consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Bath Preparations Production in Thailand

In value terms, bath preparations production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when the production volume increased by 13% against the previous year. Bath preparations production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Bath Preparations Exports

Exports from Thailand

For the third year in a row, Thailand recorded growth in overseas shipments of perfumed bath salts and other bath preparations, which increased by 59% to X tons in 2021. Over the period under review, exports showed a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, bath preparations exports soared to $X in 2021. In general, exports showed prominent growth. The pace of growth was the most pronounced in 2020 with an increase of 39% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The Philippines (X tons), the United States (X tons) and Vietnam (X tons) were the main destinations of bath preparations exports from Thailand, with a combined 61% share of total exports. Nigeria, Saudi Arabia, the UK, Cambodia, the United Arab Emirates, Lao People's Democratic Republic and Egypt lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2021, the biggest increases were recorded for Cambodia (with a CAGR of +85.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bath preparations exported from Thailand were the United States ($X), the Philippines ($X) and Vietnam ($X), together comprising 55% of total exports. The UK, Nigeria, Saudi Arabia, Lao People's Democratic Republic, the United Arab Emirates, Cambodia and Egypt lagged somewhat behind, together accounting for a further 29%.

Cambodia, with a CAGR of +65.6%, 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, which is down by -14.5% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 30%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Bath Preparations Imports

Imports into Thailand

In 2021, bath preparations imports into Thailand declined to X tons, dropping by -7.9% on the previous year's figure. Overall, total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +68.9% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 83%. As a result, imports reached the peak of X tons, and then fell in the following year.

In value terms, bath preparations imports declined modestly to $X in 2021. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.9% 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 +81.7% against 2014 indices. The growth pace was the most rapid in 2020 when imports increased by 40% against the previous year. As a result, imports attained the peak of $X, and then shrank modestly in the following year.

Imports by Country

In 2021, Indonesia (X tons) was the main bath preparations supplier to Thailand, accounting for a 90% share of total imports. Moreover, bath preparations imports from Indonesia exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), more than tenfold. The third position in this ranking was taken by China (X tons), with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Indonesia stood at +30.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-24.3% per year) and China (-6.6% per year).

In value terms, Indonesia ($X) constituted the largest supplier of perfumed bath salts and other bath preparations to Thailand, comprising 80% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 2.9% share of total imports. It was followed by China, with a 2.7% share.

From 2012 to 2021, the average annual growth rate of value from Indonesia stood at +34.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-23.7% per year) and China (-8.6% per year).

Import Prices by Country

In 2021, the average bath preparations import price amounted to $X per ton, rising by 4.5% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 14% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :