
China - Soap - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact
You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).
By clicking «Buy the Report», you agree to our Terms of Service, Privacy Policy and Licenses. We'll occasionally send you account related emails.
China Doubles Soap Exports to $1.4B
IndexBox has just published a new report: 'China - Soap - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.
In 2020, Chinese exports of soap in different forms increased twofold, reaching 779K tonnes in physical terms or $1.4B in value terms. The U.S. remains the largest importer of soap from China, accounting for 43% of the Chinese exports. Australia and Japan follow the U.S. with a combined 16%-share of total exports. Among the leading importers, the U.S. featured the most intensive growth of soap purchases from China. The average export price for soap from China stood at $1,772 per tonne in 2020.
Chinese Soap Exports
Soap exports from China skyrocketed from 377K tonnes in 2019 to 779K tonnes in 2020. In value terms, soap exports surged from $658M to $1.4B (IndexBox estimates) over this period. Over the past decade, soap exports from China increased more than threefold, from 216K tonnes to 779K tonnes.
The U.S. was the main destination for soap exports from China, with a 43% share of total exports. Moreover, soap exports to the U.S. exceeded the volume sent to the second major destination, Australia, fivefold. Japan ranked third in terms of total exports with a 7.3% share.
Last year, the U.S. featured the most intensive growth rate of soap imports from China. Chinese soap supplies to America rose from 103K tonnes in 2019 to 331K tonnes in 2020. Exports to Australia increased twofold, reaching 67K tonnes in 2020. Over the last year, Japan boosted soap imports from China from 34K tonnes to 57K tonnes.
In value terms, the U.S. ($571M) remains the key foreign market for soap exports from China, comprising 41% of total exports. The second position in the ranking goes to Japan ($113M), with an 8.2% share of total exports. It is followed by Australia, with a 7.9% share.
The average soap export price stood at $1,772 per tonne in 2020, growing by +1.6% against the previous year. Prices varied noticeably by the country of destination; the country with the highest price was the Philippines ($2,383 per tonne), while the average price for exports to Chile ($1,170 per tonne) was amongst the lowest. In 2020, the most notable growth rate in terms of prices was recorded for supplies to Japan, while the prices for the other major destinations experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the soap market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, February 22nd, 2022 @ 04:00 pm ET
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, February 8th, 2022 @ 04:00 pm ET
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, January 25th, 2022 @ 04:00 pm ET