South-Eastern Asia: Soap And Detergent Market 2024

Soap And Detergent Market Size in South-Eastern Asia

The Southeast Asian soap and detergent market expanded slightly to $X in 2022, with an increase of X% against the previous year. The market 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 in certain years. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Soap And Detergent Production in South-Eastern Asia

In value terms, soap and detergent production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Soap And Detergent Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of soap and detergents decreased by X% to X tons for the first time since 2015, thus ending a six-year rising trend. Total exports indicated a notable 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 most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then shrank in the following year.

In value terms, soap and detergent exports rose slightly to $X in 2022. Total exports indicated a measured expansion 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 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Indonesia was the major exporting country with an export of about X tons, which accounted for X% of total exports. It was distantly followed by Malaysia (X tons), Thailand (X tons), Singapore (X tons) and Vietnam (X tons), together mixing up a X% share of total exports. The Philippines (X tons) followed a long way behind the leaders.

Indonesia was also the fastest-growing in terms of the soap and detergents exports, with a CAGR of X% from 2012 to 2022. At the same time, Singapore (X%), Thailand (X%), Vietnam (X%) and Malaysia (X%) displayed positive paces of growth. By contrast, the Philippines (X%) illustrated a downward trend over the same period. While the share of Indonesia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Philippines (X p.p.) and Malaysia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X), Thailand ($X) and Malaysia ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Singapore, Vietnam and the Philippines lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Indonesia ($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 other leaders experienced more modest paces of growth.

Soap And Detergent Imports

Imports in South-Eastern Asia

In 2022, after ten years of growth, there was decline in overseas purchases of soap and detergents, when their volume decreased by X% to X tons. Total imports indicated a remarkable 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. Based on 2022 figures, imports increased by X% against 2012 indices. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2021, and then reduced modestly in the following year.

In value terms, soap and detergent imports expanded modestly to $X in 2022. Total imports indicated a prominent expansion 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, imports increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

Malaysia (X tons) and the Philippines (X tons) were the largest importers of soap and detergents in 2022, accounting for near X% and X% of total imports, respectively. Vietnam (X tons) ranks next in terms of the total imports with a X% share, followed by Singapore (X%), Thailand (X%), Indonesia (X%), Myanmar (X%) and Cambodia (X%).

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

In value terms, Malaysia ($X), Vietnam ($X) and the Philippines ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Singapore, Thailand, Indonesia, Cambodia and Myanmar lagged somewhat behind, together comprising a further X%.

Myanmar, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per ton), while Myanmar ($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 other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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