China - Soap - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSoap Price in China - 2023
Contents:
- Soap Price in China (CIF) - 2023
- Soap Price in China (FOB) - 2023
- Soap Imports in China
- Soap Exports in China
Soap Price in China (CIF) - 2023
In June 2023, the average soap import price amounted to $9,127 per ton, which is down by -14.4% against the previous month. Over the period under review, the import price continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in May 2023 an increase of 44% month-to-month. The import price peaked at $12,284 per ton in June 2022; however, from July 2022 to June 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was France ($30,188 per ton), while the price for Indonesia ($1,016 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by France (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Soap Price in China (FOB) - 2023
In June 2023, the average soap export price amounted to $1,949 per ton, almost unchanged from the previous month. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 an increase of 12% m-o-m. As a result, the export price attained the peak level of $2,292 per ton. From April 2023 to June 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was Malaysia ($4,747 per ton), while the average price for exports to Peru ($928 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.
Soap Imports in China
For the fourth consecutive year, China recorded growth in overseas purchases of soap, which increased by 1.7% to 355K tons in 2022. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +17.7% 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 +63.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 39%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, soap imports declined to $3.6B in 2022. Overall, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 166% against the previous year. As a result, imports reached the peak of $3.8B, and then shrank in the following year.
| Import of Soap in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 111 | 222 | 677 | 656 | 80.8% |
| South Korea | 86.1 | 145 | 378 | 287 | 49.4% |
| France | 31.2 | 87.7 | 276 | 278 | 107.3% |
| United States | 80.4 | 66.9 | 197 | 163 | 26.6% |
| Indonesia | 28.8 | 22.3 | 43.5 | 62.5 | 29.5% |
| Italy | 14.7 | 23.5 | 31.1 | 37.5 | 36.6% |
| Germany | 16.1 | 19.5 | 25.3 | 29.5 | 22.4% |
| Malaysia | 15.8 | 15.7 | 10.6 | 15.1 | -1.5% |
| Others | 553 | 837 | 2,192 | 2,046 | 54.7% |
| Total | 937 | 1,439 | 3,830 | 3,576 | 56.3% |
Top Suppliers of Soap to China in 2022:
- Indonesia (52.1K tons)
- Japan (36.5K tons)
- South Korea (19.8K tons)
- Italy (18.9K tons)
- France (14.9K tons)
- Malaysia (9.9K tons)
- United States (4.5K tons)
- Germany (3.4K tons)
Soap Exports in China
In 2022, overseas shipments of soap decreased by -1.2% to 1M tons, falling for the second consecutive year after two years of growth. Overall, exports, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of 106%. As a result, the exports attained the peak of 1.6M tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, soap exports rose markedly to $2.1B in 2022. In general, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 110%. As a result, the exports attained the peak of $2.8B. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Soap in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 167 | 571 | 241 | 227 | 10.8% |
| Philippines | 38.4 | 51.0 | 52.6 | 74.1 | 24.5% |
| Australia | 51.7 | 110 | 61.5 | 72.7 | 12.0% |
| Thailand | 6.1 | 14.4 | 32.1 | 59.4 | 113.5% |
| Japan | 61.1 | 113 | 57.2 | 55.2 | -3.3% |
| Malaysia | 7.4 | 16.3 | 24.2 | 42.9 | 79.6% |
| Chile | 16.9 | 33.0 | 42.7 | 34.2 | 26.5% |
| United Kingdom | 29.4 | 67.6 | 33.4 | 33.1 | 4.0% |
| Canada | 20.9 | 57.7 | 27.2 | 26.7 | 8.5% |
| Singapore | 9.0 | 12.8 | 17.3 | 21.0 | 32.6% |
| Peru | 9.4 | 16.2 | 24.4 | 20.8 | 30.3% |
| Denmark | 6.7 | 12.1 | 12.7 | 10.6 | 16.5% |
| Others | 891 | 1,686 | 1,302 | 1,416 | 16.7% |
| Total | 1,314 | 2,761 | 1,928 | 2,094 | 16.8% |
Top Export Markets for Soap from China in 2022:
- United States (119.2K tons)
- Australia (45.9K tons)
- Chile (34.3K tons)
- Japan (28.2K tons)
- Philippines (26.8K tons)
- Peru (18.2K tons)
- Canada (17.5K tons)
- Thailand (17.2K tons)
- United Kingdom (13.3K tons)
- Malaysia (13.0K tons)
- Singapore (8.1K tons)
- Denmark (7.7K tons)
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 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.
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in 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.
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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
-
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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The growth pace was the most rapid in February 2023 when Soap imports increased by 50% month-on-month. In value terms, Soap imports dropped to $83M in December 2023.
625
In 2020, Chinese exports of soap in different forms increased twofold, reaching 779K tons 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 ton in 2020.
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Exports of Soap In Bars reached a significant value of $74M in June 2023.
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In February 2023, the price of soap in bars decreased by 4.7% to $1,930 per ton (FOB, China) compared to the previous month.
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In September 2022, the soap in bars price amounted to $1,882 per ton (FOB, China), with a decrease of -11.7% against the previous month.
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