Singapore - Soap - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSoap Price in Singapore - 2022
Contents:
- Soap Price in Singapore (FOB) - 2022
- Soap Price in Singapore (CIF) - 2022
- Soap Exports in Singapore
- Soap Imports in Singapore
Soap Price in Singapore (FOB) - 2022
The average soap export price stood at $5,935 per ton in 2022, growing by 20% against the previous year. In general, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, soap export price increased by +69.4% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 21%. The export price peaked in 2022 and is likely to see gradual growth in years to come.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($58,126 per ton), while the average price for exports to the United Arab Emirates ($830 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 China (+36.7%), while the prices for the other major destinations experienced more modest paces of growth.
Soap Price in Singapore (CIF) - 2022
In September 2022, the average soap import price amounted to $5,992 per ton, picking up by 9.2% against the previous month. Overall, import price indicated measured growth from September 2021 to September 2022: its price increased at an average monthly rate of +3.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, soap import price decreased by -26.1% against July 2022 indices. The most prominent rate of growth was recorded in February 2022 when the average import price increased by 55% against the previous month. As a result, import price reached the peak level of $8,170 per ton. From March 2022 to September 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was the United States ($16,755 per ton), while the price for Malaysia ($2,064 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 Indonesia (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Soap Exports in Singapore
For the fourth year in a row, Singapore recorded growth in overseas shipments of soap, which increased by 14% to 65K tons in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +14.9% over the last three years. 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 most prominent rate of growth was recorded in 2021 with an increase of 21%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, soap exports surged to $385M in 2022. In general, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Soap in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 14.5 | 34.3 | 60.1 | 93.2 | 85.9% |
| South Korea | 6.0 | 12.5 | 24.3 | 73.7 | 130.7% |
| Vietnam | 8.9 | 8.2 | 10.4 | 51.9 | 80.0% |
| Australia | 20.4 | 21.1 | 25.3 | 32.7 | 17.0% |
| Malaysia | 24.8 | 22.1 | 28.6 | 27.1 | 3.0% |
| Hong Kong SAR | 10.9 | 15.9 | 14.2 | 16.7 | 15.3% |
| United States | 13.1 | 24.2 | 35.7 | 15.3 | 5.3% |
| Indonesia | 15.4 | 14.0 | 17.1 | 11.0 | -10.6% |
| Philippines | 8.5 | 14.1 | 10.3 | 8.9 | 1.5% |
| United Arab Emirates | 0.2 | 0.1 | 0.1 | 8.5 | 249.0% |
| Pakistan | 5.4 | 2.3 | 8.4 | 7.8 | 13.0% |
| New Zealand | 3.1 | 3.2 | 3.5 | 4.4 | 12.4% |
| Netherlands | 5.2 | 2.9 | 5.4 | 1.3 | -37.0% |
| Others | 44.4 | 37.3 | 38.1 | 32.3 | -10.1% |
| Total | 181 | 212 | 282 | 385 | 28.6% |
Top Export Markets for Soap from Singapore in 2022:
- Australia (15.9K tons)
- United Arab Emirates (10.2K tons)
- Malaysia (7.4K tons)
- South Korea (5.6K tons)
- Vietnam (4.8K tons)
- United States (4.3K tons)
- Hong Kong SAR (3.4K tons)
- New Zealand (2.6K tons)
- China (1.6K tons)
- Indonesia (1.3K tons)
- Pakistan (1.2K tons)
- Philippines (1.1K tons)
- Netherlands (0.5K tons)
Soap Imports in Singapore
In 2022, supplies from abroad of soap decreased by -10.7% to 55K tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a pronounced descent. The pace of growth appeared the most rapid in 2020 with an increase of 9.5% against the previous year. As a result, imports attained the peak of 65K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, soap imports contracted slightly to $260M in 2022. The total import value increased at an average annual rate of +12.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 24% against the previous year.
| Import of Soap in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 28.7 | 29.3 | 63.7 | 63.4 | 30.2% |
| Japan | 14.4 | 20.9 | 41.8 | 34.2 | 33.4% |
| Indonesia | 16.9 | 25.3 | 23.6 | 30.1 | 21.2% |
| China | 13.6 | 37.0 | 28.7 | 23.2 | 19.5% |
| Malaysia | 15.7 | 23.0 | 17.4 | 14.5 | -2.6% |
| Germany | 34.0 | 17.1 | 19.6 | 12.3 | -28.7% |
| Thailand | 11.0 | 10.6 | 11.0 | 12.2 | 3.5% |
| India | 7.5 | 14.9 | 8.1 | 7.3 | -0.9% |
| Canada | 6.3 | 4.6 | 6.8 | 6.5 | 1.0% |
| United Arab Emirates | 1.1 | 1.7 | 1.0 | 3.2 | 42.8% |
| Others | 35.0 | 43.5 | 40.2 | 52.5 | 14.5% |
| Total | 184 | 228 | 262 | 260 | 12.2% |
Top Suppliers of Soap to Singapore in 2022:
- Malaysia (10.8K tons)
- Indonesia (9.5K tons)
- China (8.8K tons)
- Thailand (4.4K tons)
- United States (4.3K tons)
- Germany (3.0K tons)
- Canada (2.6K tons)
- India (2.3K tons)
- United Arab Emirates (1.9K tons)
- Japan (1.5K tons)
This report provides an in-depth analysis of the soap market 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.
- 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:
- 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
- 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
-
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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