Singapore: Market for Non-Soap Washing and Cleaning Preparations 2024

Market Size for Non-Soap Washing and Cleaning Preparations in Singapore

The Singaporean market for non-soap washing and cleaning preparations skyrocketed to $X in 2022, growing by X% against the previous year. Over the period under review, consumption, however, saw a pronounced downturn. Non-soap washing and cleaning preparations consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Non-Soap Washing and Cleaning Preparations in Singapore

In value terms, non-soap washing and cleaning preparations production stood at $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2014 when the production volume increased by X%. Non-soap washing and cleaning preparations production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Exports of Non-Soap Washing and Cleaning Preparations

Exports from Singapore

After six years of growth, overseas shipments of non-soap washing and cleaning preparations decreased by X% to X tons in 2022. In general, total exports indicated a moderate increase 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. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then declined in the following year.

In value terms, non-soap washing and cleaning preparations exports rose slightly to $X in 2022. Over the period under review, total exports indicated moderate growth 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 increased by X% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

China (X tons) was the main destination for non-soap washing and cleaning preparations exports from Singapore, with a X% share of total exports. Moreover, non-soap washing and cleaning preparations exports to China exceeded the volume sent to the second major destination, Vietnam (X tons), twofold. Indonesia (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Indonesia (X% per year).

In value terms, China ($X), Vietnam ($X) and Indonesia ($X) were the largest markets for non-soap washing and cleaning preparations exported from Singapore worldwide, with a combined X% share of total exports.

Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for non-soap washing and cleaning preparations stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. The export price peaked in 2022 and is expected to retain growth in the near future.

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 India ($X per ton), while the average price for exports to Japan ($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 India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Soap Washing and Cleaning Preparations

Imports into Singapore

In 2022, supplies from abroad of non-soap washing and cleaning preparations increased by X% to X tons, rising for the fifth year in a row after three years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, non-soap washing and cleaning preparations imports fell to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2021, and then shrank slightly in the following year.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest supplier of non-soap washing and cleaning preparations to Singapore, accounting for a X% share of total imports. Moreover, non-soap washing and cleaning preparations imports from Malaysia exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), fourfold. Vietnam (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Malaysia ($X), the United States ($X) and China ($X) appeared to be the largest non-soap washing and cleaning preparations suppliers to Singapore, with a combined X% share of total imports. Thailand, Indonesia, Vietnam, Germany and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Thailand, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for non-soap washing and cleaning preparations amounted to $X per ton, reducing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2020 an increase of X%. The import price peaked at $X per ton in 2021, and then reduced in the following year.

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 the United States ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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