Myanmar: Soap And Detergent Market 2024

Soap And Detergent Market Size in Myanmar

In 2022, the Myanmar's soap and detergent market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, showed a relatively flat trend pattern. Soap and detergent consumption peaked at $X in 2021, and then contracted in the following year.

Soap And Detergent Production in Myanmar

In value terms, soap and detergent production totaled $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Soap And Detergent Exports

Exports from Myanmar

In 2022, exports of soap and detergents from Myanmar skyrocketed to X tons, rising by X% compared with the previous year's figure. Overall, exports recorded significant growth. The pace of growth was the most pronounced in 2013 with an increase of X%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, soap and detergent exports soared to $X in 2022. Over the period under review, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

India (X tons) was the main destination for soap and detergent exports from Myanmar, accounting for a X% share of total exports. Moreover, soap and detergent exports to India exceeded the volume sent to the second major destination, Cambodia (X tons), fourfold. Malaysia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to India amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (X.9% per year) and Malaysia (X% per year).

In value terms, India ($X) remains the key foreign market for soap and detergents exports from Myanmar, comprising X% of total exports. The second position in the ranking was held by Cambodia ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value to India totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (X.1% per year) and China (X% per year).

Export Prices by Country

In 2022, the average soap and detergent export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, saw a deep reduction. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Malaysia ($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 China (X%), while the prices for the other major destinations experienced a decline.

Soap And Detergent Imports

Imports into Myanmar

After ten years of growth, purchases abroad of soap and detergents decreased by X% to X tons in 2022. Over the period under review, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then contracted markedly in the following year.

In value terms, soap and detergent imports dropped dramatically to $X in 2022. Overall, imports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2014 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Thailand (X tons) constituted the largest soap and detergent supplier to Myanmar, accounting for a X% share of total imports. Moreover, soap and detergent imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by Indonesia (X tons), with a X% share.

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

In value terms, Thailand ($X) constituted the largest supplier of soap and detergents to Myanmar, comprising X% of total imports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total imports. It was followed by China, with a X% share.

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

Import Prices by Country

The average soap and detergent import price stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the import price saw a drastic downturn. The pace of growth appeared the most rapid in 2015 when the average import price decreased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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