Malaysia: Market for Soap In Different Forms 2024

Market Size for Soap In Different Forms in Malaysia

For the third year in a row, the Malaysian soap in different forms market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption enjoyed a strong increase. Soap in different forms consumption peaked in 2022 and is likely to see gradual growth in the near future.

Production of Soap In Different Forms in Malaysia

In value terms, soap in different forms production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Soap in different forms production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Soap In Different Forms

Exports from Malaysia

In 2022, shipments abroad of soap in different forms decreased by X% to X tons, falling for the third year in a row after three years of growth. In general, total exports indicated tangible growth from 2012 to 2022: its volume 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 2019 indices. The pace of growth appeared the most rapid in 2013 when exports increased by X%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, soap in different forms exports rose sharply to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The Philippines (X tons), India (X tons) and the United Arab Emirates (X tons) were the main destinations of soap in different forms exports from Malaysia, together comprising X% of total exports. Turkey, South Africa, Djibouti, France, Bangladesh, Egypt, Ghana, Nigeria, South Korea and China lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Ghana (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for soap in different forms exported from Malaysia were the Philippines ($X), India ($X) and the United Arab Emirates ($X), together accounting for X% of total exports. Turkey, South Africa, France, Bangladesh, Djibouti, South Korea, Nigeria, China, Egypt and Ghana lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Ghana, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average soap in different forms export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were France ($X per ton) and South Africa ($X per ton), while the average price for exports to Djibouti ($X per ton) and Egypt ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Soap In Different Forms

Imports into Malaysia

Soap in different forms imports into Malaysia declined dramatically to X tons in 2022, shrinking by X% on the year before. Over the period under review, imports recorded a noticeable downturn. The growth pace was the most rapid in 2018 with an increase of X%. Imports peaked at X tons in 2021, and then contracted sharply in the following year.

In value terms, soap in different forms imports declined remarkably to $X in 2022. Overall, imports recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest supplier of soap in different forms to Malaysia, with a X% share of total imports. Moreover, soap in different forms imports from Indonesia exceeded the figures recorded by the second-largest supplier, China (X tons), sevenfold. Thailand (X tons) ranked third in terms of total imports with an X% share.

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: China (X% per year) and Thailand (X% per year).

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

From 2012 to 2022, the average annual growth rate of value from Indonesia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and the United States (X% per year).

Import Prices by Country

The average soap in different forms import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, 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.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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