Vietnam: Market for Non-Soap Surface-Active Washing and Cleaning Preparations 2024

Market Size for Non-Soap Surface-Active Washing and Cleaning Preparations in Vietnam

After two years of growth, the Vietnamese market for non-soap surface-active washing and cleaning preparations decreased by -10% to $X in 2021. In general, consumption, however, showed a relatively flat trend pattern. Consumption of peaked at $X in 2020, and then shrank in the following year.

Production of Non-Soap Surface-Active Washing and Cleaning Preparations in Vietnam

In value terms, production of non-soap surface-active washing and cleaning preparations dropped to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 41%. Over the period under review, production of reached the peak level at $X in 2020, and then declined in the following year.

Exports of Non-Soap Surface-Active Washing and Cleaning Preparations

Exports from Vietnam

For the third consecutive year, Vietnam recorded growth in overseas shipments of non-soap surface-active washing and cleaning preparations, which increased by 23% to X tons in 2021. Overall, exports saw a buoyant increase. The pace of growth appeared the most rapid in 2016 with an increase of 33% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, exports of non-soap surface-active washing and cleaning preparations surged to $X in 2021. In general, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by 28% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Myanmar (X tons) was the main destination for exports of non-soap surface-active washing and cleaning preparations from Vietnam, with a 23% share of total exports. Moreover, exports of non-soap surface-active washing and cleaning preparations to Myanmar exceeded the volume sent to the second major destination, Australia (X tons), threefold. Malaysia (X tons) ranked third in terms of total exports with a 7.5% share.

From 2012 to 2021, the average annual growth rate of volume to Myanmar stood at +317.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+21.4% per year) and Malaysia (+1.6% per year).

In value terms, Myanmar ($X) emerged as the key foreign market for non-soap surface-active washing and cleaning preparations exports from Vietnam, comprising 30% of total exports. The second position in the ranking was held by Australia ($X), with a 6.6% share of total exports. It was followed by Malaysia, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value to Myanmar totaled +297.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+21.1% per year) and Malaysia (-1.9% per year).

Export Prices by Country

The average export price for non-soap surface-active washing and cleaning preparations stood at $X per ton in 2021, growing by 1.9% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 8.3%. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Soap Surface-Active Washing and Cleaning Preparations

Imports into Vietnam

For the tenth year in a row, Vietnam recorded growth in overseas purchases of non-soap surface-active washing and cleaning preparations, which increased by 9.8% to X tons in 2021. In general, imports showed buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of 18% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, imports of non-soap surface-active washing and cleaning preparations soared to $X in 2021. Over the period under review, imports saw resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of 33%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

Thailand (X tons), China (X tons) and South Korea (X tons) were the main suppliers of imports of non-soap surface-active washing and cleaning preparations to Vietnam, with a combined 61% share of total imports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +19.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of non-soap surface-active washing and cleaning preparations to Vietnam, comprising 27% of total imports. The second position in the ranking was taken by Thailand ($X), with a 13% share of total imports. It was followed by Singapore, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+7.8% per year) and Singapore (+9.0% per year).

Import Prices by Country

The average import price for non-soap surface-active washing and cleaning preparations stood at $X per ton in 2021, picking up by 13% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 22% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+4.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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