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

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

The Vietnamese market for non-soap washing and cleaning preparations was estimated at $X in 2022, approximately reflecting the previous year. The market value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Non-soap washing and cleaning preparations consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Non-Soap Washing and Cleaning Preparations in Vietnam

In value terms, non-soap washing and cleaning preparations production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by 27% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Exports of Non-Soap Washing and Cleaning Preparations

Exports from Vietnam

In 2022, overseas shipments of non-soap washing and cleaning preparations decreased by -8.8% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, showed a remarkable increase. The growth pace was the most rapid in 2016 with an increase of 33% against the previous year. The exports peaked at X tons in 2021, and then reduced in the following year.

In value terms, non-soap washing and cleaning preparations exports shrank to $X in 2022. Overall, exports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. As a result, the exports attained the peak of $X, and then shrank in the following year.

Exports by Country

The Philippines (X tons), Australia (X tons) and New Zealand (X tons) were the main destinations of non-soap washing and cleaning preparations exports from Vietnam, with a combined 53% share of total exports. Japan, Singapore, the United States, India, Malaysia, Cambodia, Ghana, South Africa, Thailand and Indonesia lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +66.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-soap washing and cleaning preparations exported from Vietnam were the Philippines ($X), Australia ($X) and New Zealand ($X), with a combined 49% share of total exports. Japan, the United States, Singapore, India, Malaysia, Cambodia, Ghana, South Africa, Thailand and Indonesia lagged somewhat behind, together accounting for a further 39%.

India, with a CAGR of +62.7%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 export price for non-soap washing and cleaning preparations amounted to $X per ton, approximately equating the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 7.7%. The export price peaked at $X per ton in 2021, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while the average price for exports to Singapore ($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 Indonesia (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Soap Washing and Cleaning Preparations

Imports into Vietnam

In 2022, after three years of growth, there was decline in purchases abroad of non-soap washing and cleaning preparations, when their volume decreased by -3.7% to X tons. In general, imports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of 30% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then shrank modestly in the following year.

In value terms, non-soap washing and cleaning preparations imports contracted to $X in 2022. Over the period under review, imports, however, showed strong growth. The pace of growth appeared the most rapid in 2018 with an increase of 25% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest non-soap washing and cleaning preparations supplier to Vietnam, with a 44% share of total imports. Moreover, non-soap washing and cleaning preparations imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fourfold. Thailand (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +22.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+22.4% per year) and Thailand (+0.0% per year).

In value terms, China ($X) constituted the largest supplier of non-soap washing and cleaning preparations to Vietnam, comprising 39% of total imports. The second position in the ranking was held by Thailand ($X), with a 12% share of total imports. It was followed by South Korea, with a 9.9% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +19.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+5.2% per year) and South Korea (+18.4% per year).

Import Prices by Country

In 2022, the average import price for non-soap washing and cleaning preparations amounted to $X per ton, with a decrease of -3.5% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 31% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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