Republic of Korea - Soap And Organic Surface-Active Products In Bars (Other Than For Toilet Use) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Soap in Bars Other than for Toilet Use in South Korea - 2022
Contents:
- Price for Soap in Bars Other than for Toilet Use in South Korea (FOB) - 2022
- Price for Soap in Bars Other than for Toilet Use in South Korea (CIF) - 2022
- Exports of Soap in Bars Other than for Toilet Use in South Korea
- Imports of Soap in Bars Other than for Toilet Use in South Korea
Price for Soap in Bars Other than for Toilet Use in South Korea (FOB) - 2022
In December 2022, the average export price for soap and organic surface-active products in bars other than for toilet use amounted to $6,212 per ton, growing by 44% against the previous month. In general, export price indicated a resilient expansion from December 2021 to December 2022: its price increased at an average monthly rate of +5.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, export price for soap and organic surface-active products in bars other than for toilet use increased by +92.4% against October 2022 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was China ($10,040 per ton), while the average price for exports to Norway ($3,446 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mongolia (+12.1%), 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 South Korea (CIF) - 2022
The average import price for soap and organic surface-active products in bars other than for toilet use stood at $5,195 per ton in December 2022, flattening at the previous month. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in July 2022 an increase of 66% month-to-month. As a result, import price attained the peak level of $5,925 per ton. From August 2022 to December 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was the United States ($17,337 per ton), while the price for Indonesia ($850 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.8%), while the prices for the other major suppliers experienced a decline.
Exports of Soap in Bars Other than for Toilet Use in South Korea
Exports of soap and organic surface-active products in bars other than for toilet use from South Korea was estimated at 5.4K tons in 2022, stabilizing at the previous year. The total export volume increased at an average annual rate of +7.5% 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 when exports increased by 45% against the previous year. As a result, the exports attained the peak of 6.3K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of soap and organic surface-active products in bars other than for toilet use amounted to $24M in 2022. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +14.9% 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 +51.8% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 46%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Soap in Bars Other than for Toilet Use in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.5 | 8.7 | 11.2 | 11.2 | 9.6% |
| Taiwan (Chinese) | 0.8 | 4.6 | 5.1 | 5.2 | 86.6% |
| United States | 1.6 | 5.3 | 0.9 | 2.4 | 14.5% |
| Mongolia | 0.1 | N/A | 0.4 | 0.6 | 81.7% |
| Philippines | 0.1 | 0.5 | 0.3 | 0.5 | 71.0% |
| Russia | 0.2 | 0.4 | 0.4 | 0.5 | 35.7% |
| Hong Kong SAR | 1.6 | 0.4 | 0.3 | 0.5 | -32.1% |
| Malaysia | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Others | 2.6 | 2.6 | 4.8 | 2.5 | -1.3% |
| Total | 15.5 | 22.7 | 23.5 | 23.6 | 15.0% |
Top Export Markets for Soap in Bars Other than for Toilet Use from South Korea in 2022:
- China (2500.3 tons)
- Taiwan (Chinese) (1747.9 tons)
- United States (321.6 tons)
- Mongolia (187.3 tons)
- Russia (185.9 tons)
- Philippines (119.3 tons)
- Malaysia (101.4 tons)
- Hong Kong SAR (37.0 tons)
Imports of Soap in Bars Other than for Toilet Use in South Korea
For the third consecutive year, South Korea recorded decline in purchases abroad of soap and organic surface-active products in bars other than for toilet use, which decreased by -25.2% to 1.2K tons in 2022. Overall, imports faced a deep slump. The smallest decline of -1.6% was in 2021.
In value terms, imports of soap and organic surface-active products in bars other than for toilet use contracted markedly to $5.8M in 2022. In general, imports faced a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 19%.
| Import of Soap in Bars Other than for Toilet Use in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 578 | 739 | 2,766 | 2,385 | 60.4% |
| China | 2,254 | 2,294 | 2,028 | 1,209 | -18.7% |
| United States | 1,783 | 921 | 971 | 973 | -18.3% |
| Japan | 709 | 538 | 286 | 322 | -23.1% |
| India | 342 | 94.5 | 162 | 192 | -17.5% |
| Germany | 57.7 | 124 | 124 | 139 | 34.1% |
| Italy | 549 | 267 | 115 | 56.8 | -53.1% |
| Indonesia | 79.9 | 59.4 | 109 | 29.4 | -28.3% |
| Others | 1,966 | 1,118 | 765 | 504 | -36.5% |
| Total | 8,318 | 6,154 | 7,326 | 5,810 | -11.3% |
Top Suppliers of Soap in Bars Other than for Toilet Use to South Korea in 2022:
- China (510.5 tons)
- Thailand (256.1 tons)
- United States (200.7 tons)
- Japan (55.7 tons)
- India (37.6 tons)
- Indonesia (34.4 tons)
- Germany (26.6 tons)
- Italy (17.5 tons)
This report provides an in-depth analysis of the market for soap in bars other than for toilet use in Republic of Korea. 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:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- 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
- Find deeper insights into current market developments
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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