Vietnam: 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 Vietnam

The Vietnamese market for soap and organic surface-active products in bars other than for toilet use amounted to $X in 2022, increasing by 5.5% against the previous year. In general, consumption showed a prominent increase. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

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

In value terms, production of soap and organic surface-active products in bars other than for toilet use stood at $X in 2022 estimated in export price. In general, production continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of 55% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production of growth remained at a somewhat lower figure.

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

Exports from Vietnam

Exports of soap and organic surface-active products in bars other than for toilet use from Vietnam skyrocketed to X tons in 2022, with an increase of 34% on 2021. In general, exports saw a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 256%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of soap and organic surface-active products in bars other than for toilet use soared to $X in 2022. Over the period under review, exports showed a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 234%. Over the period under review, the exports of hit record highs at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for exports of soap and organic surface-active products in bars other than for toilet use from Vietnam, with a 76% share of total exports. Moreover, exports of soap and organic surface-active products in bars other than for toilet use to the United States exceeded the volume sent to the second major destination, Japan (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +36.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+17.1% per year) and Taiwan (Chinese) (+34.8% per year).

In value terms, the United States ($X) remains the key foreign market for soap and organic surface-active products in bars other than for toilet use exports from Vietnam, comprising 77% of total exports. The second position in the ranking was taken by Japan ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +42.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+20.5% per year) and Taiwan (Chinese) (+43.0% per year).

Export Prices by Country

The average export price for soap and organic surface-active products in bars other than for toilet use stood at $X per ton in 2022, picking up by 18% against the previous year. Overall, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for soap and organic surface-active products in bars other than for toilet use decreased by -8.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 28% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Japan ($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 Taiwan (Chinese) (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Vietnam

In 2022, the amount of soap and organic surface-active products in bars other than for toilet use imported into Vietnam contracted to X tons, remaining relatively unchanged against the previous year. Over the period under review, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of 287%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of soap and organic surface-active products in bars other than for toilet use amounted to $X in 2022. Overall, imports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2018 when imports increased by 271%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

Japan (X tons), Poland (X tons) and France (X tons) were the main suppliers of imports of soap and organic surface-active products in bars other than for toilet use to Vietnam, together comprising 56% of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +88.9%), 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 suppliers to Vietnam were Japan ($X), Poland ($X) and France ($X), together comprising 56% of total imports.

Among the main suppliers, Poland, with a CAGR of +92.6%, 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 average import price for soap and organic surface-active products in bars other than for toilet use stood at $X per ton in 2022, increasing by 2.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. The pace of growth appeared the most rapid in 2016 when the average import price increased by 37% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($X per ton) and the UK ($X per ton), while the price for Germany ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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