Thailand: Market for Non-Soap Washing and Cleaning Preparations 2024

Market Size for Non-Soap Washing and Cleaning Preparations in Thailand

The Thai market for non-soap washing and cleaning preparations soared to $X in 2022, growing by 17% against the previous year. The market value increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Non-Soap Washing and Cleaning Preparations in Thailand

In value terms, non-soap washing and cleaning preparations production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 with an increase of 8.9%. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Exports of Non-Soap Washing and Cleaning Preparations

Exports from Thailand

Non-soap washing and cleaning preparations exports from Thailand contracted sharply to X tons in 2022, dropping by -29.9% against the previous year. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 46% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, non-soap washing and cleaning preparations exports reduced remarkably to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 10% against the previous year. The exports peaked at $X in 2021, and then shrank markedly in the following year.

Exports by Country

Vietnam (X tons), Cambodia (X tons) and Lao People's Democratic Republic (X tons) were the main destinations of non-soap washing and cleaning preparations exports from Thailand, with a combined 41% share of total exports. Myanmar, the Philippines, China, Malaysia, Japan, Indonesia, Australia, Hong Kong SAR and Singapore lagged somewhat behind, together accounting for a further 48%.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +31.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-soap washing and cleaning preparations exported from Thailand were Vietnam ($X), the Philippines ($X) and Lao People's Democratic Republic ($X), together comprising 32% of total exports. Cambodia, Myanmar, China, Malaysia, Japan, Australia, Indonesia, Hong Kong SAR and Singapore lagged somewhat behind, together accounting for a further 50%.

Among the main countries of destination, Myanmar, with a CAGR of +22.0%, recorded 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 average export price for non-soap washing and cleaning preparations stood at $X per ton in 2022, rising by 19% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 21% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Soap Washing and Cleaning Preparations

Imports into Thailand

In 2022, after two years of growth, there was significant decline in supplies from abroad of non-soap washing and cleaning preparations, when their volume decreased by -6.8% to X tons. In general, total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.4% 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 +18.0% against 2018 indices. The pace of growth was the most pronounced in 2017 when imports increased by 46%. Over the period under review, imports hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, non-soap washing and cleaning preparations imports expanded to $X in 2022. The total import value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 20%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X tons), Vietnam (X tons) and Malaysia (X tons) were the main suppliers of non-soap washing and cleaning preparations imports to Thailand, together accounting for 50% of total imports. Indonesia, Brazil, South Korea, Germany, Japan, the United States, Taiwan (Chinese), Singapore, India and the Philippines lagged somewhat behind, together comprising a further 43%.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +66.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of non-soap washing and cleaning preparations to Thailand, comprising 22% of total imports. The second position in the ranking was held by Vietnam ($X), with an 11% share of total imports. It was followed by Japan, with a 9.4% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+13.8% per year) and Japan (-2.1% per year).

Import Prices by Country

The average import price for non-soap washing and cleaning preparations stood at $X per ton in 2022, rising by 9.4% against the previous year. In general, the import price, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 43%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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