Vietnam: Market for Organic Surface-Active Products For Washing The Skin 2024

Market Size for Organic Surface-Active Products For Washing The Skin in Vietnam

The Vietnamese skin organic surface-active products market expanded rapidly to $X in 2022, with an increase of 6.7% against the previous year. Over the period under review, the total consumption indicated a noticeable expansion from 2012 to 2022: its value 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, consumption decreased by -5.8% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Organic Surface-Active Products For Washing The Skin in Vietnam

In value terms, skin organic surface-active products production stood at $X in 2022 estimated in export price. Over the period under review, the total production indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.3% 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 -8.2% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 58%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Exports of Organic Surface-Active Products For Washing The Skin

Exports from Vietnam

In 2022, the amount of organic surface-active products for washing the skin exported from Vietnam rose modestly to X tons, increasing by 3% compared with the previous year's figure. Overall, exports saw a resilient expansion. The growth pace was the most rapid in 2015 when exports increased by 84% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, skin organic surface-active products exports expanded modestly to $X in 2022. In general, exports enjoyed a resilient increase. The growth pace was the most rapid in 2014 with an increase of 74%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Japan (X tons) was the main destination for skin organic surface-active products exports from Vietnam, accounting for a 49% share of total exports. Moreover, skin organic surface-active products exports to Japan exceeded the volume sent to the second major destination, Malaysia (X tons), fourfold. The third position in this ranking was held by the Philippines (X tons), with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan stood at +17.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+30.5% per year) and the Philippines (+34.3% per year).

In value terms, Japan ($X) remains the key foreign market for organic surface-active products for washing the skin exports from Vietnam, comprising 47% of total exports. The second position in the ranking was taken by the Philippines ($X), with a 14% share of total exports. It was followed by Malaysia, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan stood at +14.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+49.4% per year) and Malaysia (+28.9% per year).

Export Prices by Country

The average skin organic surface-active products export price stood at $X per ton in 2022, surging by 1.8% against the previous year. Over the period under review, the export price, however, saw a mild slump. The most prominent rate of growth was recorded in 2020 when the average export price increased by 13%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to the United States ($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 the Philippines (+11.2%), while the prices for the other major destinations experienced a decline.

Imports of Organic Surface-Active Products For Washing The Skin

Imports into Vietnam

In 2022, imports of organic surface-active products for washing the skin into Vietnam declined to X tons, waning by -7.6% compared with the year before. Overall, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 182% against the previous year. Imports peaked at X tons in 2021, and then dropped in the following year.

In value terms, skin organic surface-active products imports declined to $X in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2017 when imports increased by 180%. Over the period under review, imports attained the peak figure at $X in 2021, and then declined in the following year.

Imports by Country

South Korea (X tons), Japan (X tons) and Thailand (X tons) were the main suppliers of skin organic surface-active products imports to Vietnam, together comprising 52% of total imports. Malaysia, France, Germany, Indonesia, India and Canada lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +84.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and Thailand ($X) appeared to be the largest skin organic surface-active products suppliers to Vietnam, with a combined 52% share of total imports. Malaysia, France, Germany, Indonesia, India and Canada lagged somewhat behind, together accounting for a further 31%.

Germany, with a CAGR of +92.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average skin organic surface-active products import price amounted to $X per ton, with a decrease of -6% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 27% against the previous year. The import price peaked at $X per ton in 2021, and then reduced in the following year.

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 France ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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