China: Market for Soap In Different Forms 2024

Market Size for Soap In Different Forms in China

In 2022, the Chinese soap in different forms market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption continues to indicate a remarkable increase. Soap in different forms consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Soap In Different Forms in China

In value terms, soap in different forms production reduced modestly to $X in 2022 estimated in export price. In general, production, however, saw a strong expansion. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. Soap in different forms production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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Exports of Soap In Different Forms

Exports from China

In 2022, the amount of soap in different forms exported from China reduced to X tons, shrinking by X% against 2021 figures. In general, exports recorded a pronounced reduction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, soap in different forms exports reduced to $X in 2022. Overall, total exports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2015 indices. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Democratic People's Republic of Korea (X tons) was the main destination for soap in different forms exports from China, accounting for a X% share of total exports. Moreover, soap in different forms exports to Democratic People's Republic of Korea exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold. The third position in this ranking was taken by Tajikistan (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Democratic People's Republic of Korea amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Tajikistan (X% per year).

In value terms, Democratic People's Republic of Korea ($X) emerged as the key foreign market for soap in different forms exports from China, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by Russia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Democratic People's Republic of Korea stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Russia (X% per year).

Export Prices by Country

In 2022, the average soap in different forms export price amounted to $X per ton, with an increase of X% against the previous year. In general, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, soap in different forms export price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Democratic People's Republic of Korea ($X 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 Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Soap In Different Forms

Imports into China

In 2022, purchases abroad of soap in different forms increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, imports showed a tangible expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, soap in different forms imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2015 with an increase of X%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest supplier of soap in different forms to China, accounting for a X% share of total imports. Moreover, soap in different forms imports from Indonesia exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Indonesia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Malaysia (X% per year).

In value terms, Indonesia ($X) constituted the largest supplier of soap in different forms to China, comprising X% of total imports. The second position in the ranking was held by Malaysia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Indonesia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the average soap in different forms import price amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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