Report Update: Apr 1, 2024

Hong Kong SAR, China - Soap And Detergent - Market Analysis, Forecast, Size, Trends And Insights

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Soap and Detergent Price in Hong Kong SAR - 2023

Soap and Detergent Price in Hong Kong SAR (CIF) - 2022

In 2022, the average soap and detergent import price amounted to $1,621 per ton, rising by 15% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Japan ($3,119 per ton), while the price for Malaysia ($692 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Soap and Detergent Price in Hong Kong SAR (FOB) - 2022

The average soap and detergent export price stood at $2,906 per ton in 2022, shrinking by -12.3% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 59%. As a result, the export price attained the peak level of $3,555 per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($4,802 per ton), while the average price for exports to Japan ($1,691 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 the United States (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Soap and Detergent Imports in Hong Kong SAR

For the third year in a row, Hong Kong SAR recorded decline in overseas purchases of soap and detergents, which decreased by -26.5% to 290K tons in 2022. Overall, imports recorded a deep contraction. The smallest decline of -0.8% was in 2020.

In value terms, soap and detergent imports reduced dramatically to $470M in 2022. In general, imports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 3.8% against the previous year.

Import of Soap and Detergent in Hong Kong SAR (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	263	305	336	262	-0.1%
Japan	71.0	70.4	55.7	49.0	-11.6%
Thailand	45.9	29.3	34.5	35.1	-8.6%
United States	36.8	39.9	35.9	28.7	-8.0%
Taiwan (Chinese)	29.9	22.1	19.9	21.1	-11.0%
Malaysia	14.1	16.4	13.4	14.7	1.4%
Vietnam	4.9	4.6	5.5	4.8	-0.7%
Others	70.0	68.4	56.5	55.1	-7.7%
Total	536	556	558	470	-4.3%

Top Suppliers of Soap and Detergent to Hong Kong SAR in 2022:

China (186.8K tons)
Thailand (22.7K tons)
Malaysia (21.3K tons)
Japan (15.7K tons)
Taiwan (Chinese) (11.6K tons)
United States (9.3K tons)
Vietnam (5.8K tons)

Soap and Detergent Exports in Hong Kong SAR

In 2022, exports of soap and detergents from Hong Kong SAR contracted significantly to 64K tons, which is down by -18.6% on the previous year's figure. Over the period under review, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 0.5%.

In value terms, soap and detergent exports declined sharply to $186M in 2022. In general, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 15%. As a result, the exports reached the peak of $261M, and then dropped significantly in the following year.

Export of Soap and Detergent in Hong Kong SAR (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	125	122	137	92.5	-9.5%
Macao SAR	39.6	41.1	51.6	45.4	4.7%
Japan	34.4	25.9	45.5	23.1	-12.4%
Taiwan (Chinese)	3.9	4.2	4.0	5.4	11.5%
Chile	3.9	0.8	0.5	0.7	-43.6%
Others	48.1	33.3	22.1	19.2	-26.4%
Total	255	227	261	186	-10.0%

Top Export Markets for Soap and Detergent from Hong Kong SAR in 2022:

China (28.0K tons)
Macao SAR (13.8K tons)
Japan (13.7K tons)
Taiwan (Chinese) (1.3K tons)
Chile (0.6K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the soap and detergent market in Hong Kong SAR, 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 2030.

Product coverage:

Prodcom 20413120 - Soap and organic surface-active products in bars, etc., n.e.c.
Prodcom 20413150 - Soap in the form of flakes, wafers, granules or powders
Prodcom 20413180 - Soap in forms excluding bars, cakes or moulded shapes, p aper, wadding, felt and non-wovens impregnated or coated with soap/detergent, flakes, granules or powders
Prodcom 20421915 - Soap and organic surface-active products in bars, etc., for toilet use
Prodcom 20421930 - Organic surface-active products and preparations for washing the skin, whether or not containing soap, p.r.s.
Prodcom 20413240 - Surface-active preparations, whether or not containing soap, p .r.s. (excluding those for use as soap)
Prodcom 20413250 - Washing preparations and cleaning preparations, with or without soap, p.r.s. including auxiliary washing preparations excluding those for use as soap, surface-active preparations
Prodcom 20413260 - Surface-active preparations, whether or not containing soap, n .p.r.s. (excluding those for use as soap)
Prodcom 20413270 - Washing preparations and cleaning preparations, with or without soap, n.p.r.s. including auxiliary washing preparations excluding those for use as soap, surface-active preparations
Prodcom 20421850 - Dentifrices (including toothpaste, denture cleaners)
Prodcom 20411000 - Glycerol (glycerine), crude, glycerol waters and glycerol lyes

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
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.

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