Vietnam: Soap And Detergent Market 2025

Soap And Detergent Market Size in Vietnam

The Vietnamese soap and detergent market totaled $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Soap and detergent consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Soap And Detergent Production in Vietnam

In value terms, soap and detergent production expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Soap and detergent production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Soap And Detergent Exports

Exports from Vietnam

After three years of growth, shipments abroad of soap and detergents decreased by X% to X tons in 2022. In general, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2021, and then contracted in the following year.

In value terms, soap and detergent exports dropped to $X in 2022. Over the period under review, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then shrank in the following year.

Exports by Country

Malaysia (X tons), the Philippines (X tons) and Australia (X tons) were the main destinations of soap and detergent exports from Vietnam, with a combined X% share of total exports. Cambodia, the United Arab Emirates, Thailand, New Zealand, Japan, Singapore, the United States, India, South Africa and Ghana lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for soap and detergent exported from Vietnam were the Philippines ($X), the United Arab Emirates ($X) and Australia ($X), with a combined X% share of total exports.

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average soap and detergent export price amounted to $X per ton, leveling off at the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2014; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Cambodia ($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 New Zealand (X%), while the prices for the other major destinations experienced more modest paces of growth.

Soap And Detergent Imports

Imports into Vietnam

In 2022, after ten years of growth, there was decline in overseas purchases of soap and detergents, when their volume decreased by X% to X tons. Over the period under review, imports, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then contracted modestly in the following year.

In value terms, soap and detergent imports reduced to $X in 2022. In general, imports, however, continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2021, and then contracted in the following year.

Imports by Country

China (X tons), Taiwan (Chinese) (X tons) and Thailand (X tons) were the main suppliers of soap and detergent imports to Vietnam, together accounting for X% of total imports. Malaysia, the United Arab Emirates, South Korea, Singapore, Indonesia, the Philippines and the United States lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest soap and detergent suppliers to Vietnam were China ($X), Taiwan (Chinese) ($X) and the United Arab Emirates ($X), with a combined X% share of total imports.

Among the main suppliers, the United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to 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 soap and detergent import price stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then contracted modestly 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 the United States ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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