Asia: Market for Organic Surface Active Agents And Washing Preparations 2023

Market Size for Organic Surface Active Agents And Washing Preparations in Asia

The Asian market for organic surface active agents and washing preparations fell to $X in 2021, leveling off at the previous year. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Production of Organic Surface Active Agents And Washing Preparations in Asia

In value terms, production of organic surface active agents and washing preparations declined slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the production volume increased by 23% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production of growth failed to regain momentum.

Exports of Organic Surface Active Agents And Washing Preparations

Exports in Asia

In 2021, after four years of growth, there was decline in overseas shipments of organic surface active agents and washing preparations, when their volume decreased by less than 0.1% to X tons. Total exports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +42.5% against 2016 indices. The pace of growth was the most pronounced in 2017 when exports increased by 16%. Over the period under review, the exports of hit record highs at X tons in 2020, and then fell modestly in the following year.

In value terms, exports of organic surface active agents and washing preparations rose rapidly to $X in 2021. The total export value increased at an average annual rate of +5.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the major exporter of organic surface active agents and washing preparations in Asia, with the volume of exports accounting for X tons, which was approx. 34% of total exports in 2021. Turkey (X tons) held the second position in the ranking, followed by Thailand (X tons), Indonesia (X tons), South Korea (X tons), India (X tons) and Malaysia (X tons). All these countries together held approx. 41% share of total exports. Saudi Arabia (X tons), Singapore (X tons), Japan (X tons), Vietnam (X tons), Taiwan (Chinese) (X tons) and the United Arab Emirates (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to organic surface active agent and washing preparation exports from China stood at +7.2%. At the same time, Turkey (+9.7%), Vietnam (+8.5%), Indonesia (+7.0%), Saudi Arabia (+6.1%), the United Arab Emirates (+5.9%), Thailand (+5.9%), Malaysia (+5.7%), Japan (+5.2%), Singapore (+5.0%), South Korea (+4.6%) and Taiwan (Chinese) (+3.1%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +9.7% from 2012-2021. India experienced a relatively flat trend pattern. China (+4.2 p.p.) and Turkey (+3.2 p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by -3.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest organic surface active agent and washing preparation supplier in Asia, comprising 30% of total exports. The second position in the ranking was taken by Japan ($X), with an 11% share of total exports. It was followed by South Korea, with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +6.8%. In the other countries, the average annual rates were as follows: Japan (+3.7% per year) and South Korea (+5.3% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, rising by 12% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+3.6%), while the other leaders experienced more modest paces of growth.

Imports of Organic Surface Active Agents And Washing Preparations

Imports in Asia

For the tenth year in a row, Asia recorded growth in purchases abroad of organic surface active agents and washing preparations, which increased by 8.9% to X tons in 2021. Total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +70.9% against 2012 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 9.2%. Over the period under review, imports of reached the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, imports of organic surface active agents and washing preparations soared to $X in 2021. The total import value increased at an average annual rate of +5.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons), followed by Iraq (X tons), the United Arab Emirates (X tons), Japan (X tons), Turkey (X tons) and Malaysia (X tons) represented the main importers of organic surface active agents and washing preparations, together comprising 38% of total imports. Vietnam (X tons), Kazakhstan (X tons), the Philippines (X tons), Hong Kong SAR (X tons), Saudi Arabia (X tons), South Korea (X tons) and Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +12.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported organic surface active agents and washing preparations in Asia, comprising 18% of total imports. The second position in the ranking was held by Japan ($X), with a 5.8% share of total imports. It was followed by Turkey, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +6.9%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+2.9% per year) and Turkey (+2.1% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, picking up by 7.1% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was China ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+3.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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