Report Update: May 1, 2024

Singapore - Soap And Organic Surface-Active Products In Bars (Other Than For Toilet Use) - Market Analysis, Forecast, Size, Trends And Insights

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Price for Soap in Bars Other than for Toilet Use in Singapore - 2022

Price for Soap in Bars Other than for Toilet Use in Singapore (FOB) - 2022

In September 2022, the average export price for soap and organic surface-active products in bars other than for toilet use amounted to $2,699 per ton, falling by -8.4% against the previous month. In general, export price indicated a temperate expansion from September 2021 to September 2022: its price increased at an average monthly rate of +4.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, export price for soap and organic surface-active products in bars other than for toilet use decreased by -8.4% against August 2022 indices. The pace of growth appeared the most rapid in January 2022 an increase of 36% month-to-month. Over the period under review, the average export prices reached the maximum at $2,948 per ton in August 2022, and then declined in the following month.

There were significant differences in the average prices for the major export markets. In September 2022, the country with the highest price was the Philippines ($3,532 per ton), while the average price for exports to Malaysia ($2,186 per ton) was amongst the lowest.

From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Soap in Bars Other than for Toilet Use in Singapore (CIF) - 2022

In September 2022, the average import price for soap and organic surface-active products in bars other than for toilet use amounted to $3,079 per ton, increasing by 6.1% against the previous month. Overall, import price indicated a temperate increase from September 2021 to September 2022: its price increased at an average monthly rate of +3.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, import price for soap and organic surface-active products in bars other than for toilet use increased by +2.5% against April 2022 indices. The growth pace was the most rapid in January 2022 when the average import price increased by 61% against the previous month. Over the period under review, average import prices reached the maximum in September 2022.

There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was Japan ($3,690 per ton), while the price for Thailand ($2,297 per ton) was amongst the lowest.

From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Soap in Bars Other than for Toilet Use in Singapore

For the fourth consecutive year, Singapore recorded growth in shipments abroad of soap and organic surface-active products in bars other than for toilet use, which increased by 6.7% to 24K tons in 2022. The total export volume increased at an average annual rate of +11.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 17%. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in the near future.

In value terms, exports of soap and organic surface-active products in bars other than for toilet use soared to $43M in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +15.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.0% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Soap in Bars Other than for Toilet Use in Singapore (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Australia	15.9	15.3	20.9	26.9	19.2%
New Zealand	2.7	2.3	2.9	4.2	15.9%
Hong Kong SAR	2.3	2.8	3.2	3.4	13.9%
Malaysia	2.8	3.7	3.4	2.6	-2.4%
Vietnam	1.2	1.7	1.5	1.7	12.3%
Brazil	N/A	N/A	N/A	1.3	0%
Philippines	0.3	0.6	0.4	0.7	32.6%
Others	3.4	3.7	2.6	2.7	-7.4%
Total	28.6	30.0	34.9	43.5	15.0%

Top Export Markets for Soap in Bars Other than for Toilet Use from Singapore in 2022:

Australia (15.3K tons)
New Zealand (2.5K tons)
Hong Kong SAR (2.1K tons)
Malaysia (1.5K tons)
Vietnam (1.0K tons)
Brazil (0.5K tons)
Philippines (0.4K tons)

Imports of Soap in Bars Other than for Toilet Use in Singapore

In 2022, the amount of soap and organic surface-active products in bars other than for toilet use imported into Singapore skyrocketed to 10K tons, increasing by 23% compared with the previous year's figure. In general, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +22.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 55% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of soap and organic surface-active products in bars other than for toilet use expanded notably to $21M in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +28.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +110.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 71% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Soap in Bars Other than for Toilet Use in Singapore (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	3.0	9.9	12.0	11.7	57.4%
Malaysia	1.6	2.5	2.9	6.0	55.4%
Japan	0.6	0.7	0.5	0.8	10.1%
Indonesia	0.6	0.7	0.2	0.2	-30.7%
Vietnam	0.4	0.3	N/A	0.1	-37.0%
Others	3.8	3.3	3.0	2.5	-13.0%
Total	10.1	17.3	18.6	21.3	28.2%

Top Suppliers of Soap in Bars Other than for Toilet Use to Singapore in 2022:

Malaysia (5.2K tons)
China (4.3K tons)
Japan (0.2K tons)
Indonesia (0.1K tons)
Vietnam (0.1K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for soap in bars other than for toilet use in Singapore. 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 2030.

Product coverage:

Prodcom 20413120 - Soap and organic surface-active products in bars, etc., n.e.c.

Country coverage:

Singapore

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Singapore
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023