Vietnam: Market for Soap And Organic Surface-Active Products In Bars For Toilet Use 2024

Market Size for Soap And Organic Surface-Active Products In Bars For Toilet Use in Vietnam

The Vietnamese market for soap and organic surface-active products in bars for toilet use stood at $X in 2022, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Consumption of peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

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

In value terms, production of soap and organic surface-active products in bars for toilet use reached $X in 2022 estimated in export price. In general, the total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +6.9% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of 81% against the previous year. Production of peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

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

Exports from Vietnam

In 2022, shipments abroad of soap and organic surface-active products in bars for toilet use was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports saw buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of 256% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of soap and organic surface-active products in bars for toilet use soared to $X in 2022. Over the period under review, exports saw a resilient expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 276%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Myanmar (X tons) was the main destination for exports of soap and organic surface-active products in bars for toilet use from Vietnam, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Myanmar totaled +119.0%.

In value terms, Myanmar ($X) emerged as the key foreign market for soap and organic surface-active products in bars for toilet use exports from Vietnam.

From 2012 to 2022, the average annual growth rate of value to Myanmar totaled +123.3%.

Export Prices by Country

The average export price for soap and organic surface-active products in bars for toilet use stood at $X per ton in 2022, with an increase of 11% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 13%. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Myanmar.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +2.0% per year.

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

Imports into Vietnam

In 2022, imports of soap and organic surface-active products in bars for toilet use into Vietnam fell to X tons, with a decrease of -8.3% compared with the previous year's figure. In general, imports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2019 when imports increased by 38% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of soap and organic surface-active products in bars for toilet use declined to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 46% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

The Philippines (X tons), the United States (X tons) and Japan (X tons) were the main suppliers of imports of soap and organic surface-active products in bars for toilet use to Vietnam, with a combined 86% share of total imports. India, South Korea and China lagged somewhat behind, together comprising a further 7.3%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +42.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Philippines ($X) and Japan ($X) were the largest soap in bars for toilet use suppliers to Vietnam, together accounting for 79% of total imports. South Korea, India and China lagged somewhat behind, together comprising a further 7.8%.

India, with a CAGR of +44.2%, recorded the highest growth rate of 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 import price for soap and organic surface-active products in bars for toilet use amounted to $X per ton, declining by -2.5% against the previous year. Over the last decade, it increased at an average annual rate of +4.6%. The most prominent rate of growth was recorded in 2015 when the average import price increased by 10% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then shrank slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+4.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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