Hong Kong SAR, China - Detergents and Washing Preparations - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Jul 1, 2024

Hong Kong SAR, China - Detergents and Washing Preparations - Market Analysis, Forecast, Size, Trends And Insights

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Price for Detergents and Washing Preparation in Hong Kong SAR - 2024

Contents:

  1. Price for Detergents and Washing Preparation in Hong Kong SAR (CIF) - 2024
  2. Price for Detergents and Washing Preparation in Hong Kong SAR (FOB) - 2022
  3. Imports of Detergents and Washing Preparation in Hong Kong SAR
  4. Exports of Detergents and Washing Preparation in Hong Kong SAR

Price for Detergents and Washing Preparation in Hong Kong SAR (CIF) - 2024

The average detergents and washing preparation import price stood at $1,775 per ton in February 2024, growing by 11% against the previous month. Over the period from February 2023 to February 2024, it increased at an average monthly rate of +4.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($4,536 per ton), while the price for China ($1,251 per ton) was amongst the lowest.

From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Germany (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Detergents and Washing Preparation in Hong Kong SAR (FOB) - 2022

The average detergents and washing preparation export price stood at $3,525 per ton in 2022, surging by 26% against the previous year. In general, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, detergents and washing preparation export price increased by +74.4% against 2019 indices. The growth pace was the most rapid in 2015 when the average export price increased by 32%. 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 Vietnam ($6,799 per ton), while the average price for exports to Mexico ($1,398 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 (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Detergents and Washing Preparation in Hong Kong SAR

In 2022, supplies from abroad of detergents and washing preparations decreased by -79% to 22K tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a dramatic shrinkage. The growth pace was the most rapid in 2020 when imports increased by 1.3%. As a result, imports attained the peak of 120K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, detergents and washing preparation imports dropped rapidly to $42M in 2022. Overall, imports showed a dramatic curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 4.3% against the previous year. As a result, imports reached the peak of $193M. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Detergents and Washing Preparation in Hong Kong SAR (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China79.978.193.912.4-46.3%
Taiwan (Chinese)16.215.313.512.0-9.5%
United States14.013.615.36.5-22.6%
United Kingdom3.66.02.12.1-16.4%
Malaysia4.36.54.11.5-29.6%
Japan34.033.926.41.2-67.2%
Thailand6.67.06.10.3-64.3%
Vietnam5.85.45.5N/A-2.6%
Others20.427.117.05.9-33.9%
Total18519318441.9-39.0%

Top Suppliers of Detergents and Washing Preparation to Hong Kong SAR in 2022:

  1. China (11.1K tons)
  2. Taiwan (Chinese) (5.7K tons)
  3. Malaysia (1.4K tons)
  4. United States (1.0K tons)
  5. United Kingdom (0.5K tons)
  6. Thailand (0.5K tons)
  7. Japan (0.3K tons)

Exports of Detergents and Washing Preparation in Hong Kong SAR

In 2022, the amount of detergents and washing preparations exported from Hong Kong SAR fell markedly to 3.7K tons, shrinking by -89.7% on 2021. In general, exports recorded a precipitous contraction. The smallest decline of -4.1% was in 2021.

In value terms, detergents and washing preparation exports fell sharply to $13M in 2022. Overall, exports saw a sharp contraction. The growth pace was the most rapid in 2021 when exports increased by 14% against the previous year. As a result, the exports reached the peak of $100M, and then fell notably in the following year.

Export of Detergents and Washing Preparation in Hong Kong SAR (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China37.941.751.97.2-42.5%
Macao SAR14.014.715.71.3-54.7%
Vietnam0.91.01.60.6-12.6%
Japan17.314.622.40.6-67.4%
Taiwan (Chinese)1.62.11.60.4-37.0%
Brazil0.70.20.20.2-34.1%
Turkey0.70.2N/A0.2-34.1%
IsraelN/A0.20.30.20.0%
Mexico0.50.1N/A0.1-41.5%
Colombia0.50.1N/A0.1-41.5%
New Zealand0.40.1N/A0.1-37.0%
Chile2.00.40.3N/A-61.3%
Others19.012.36.02.1-52.0%
Total95.687.610013.0-48.6%

Top Export Markets for Detergents and Washing Preparation from Hong Kong SAR in 2022:

  1. China (1372.3 tons)
  2. Macao SAR (555.4 tons)
  3. Japan (305.9 tons)
  4. Israel (118.1 tons)
  5. Vietnam (88.9 tons)
  6. Taiwan (Chinese) (81.9 tons)
  7. Turkey (81.6 tons)
  8. Mexico (74.4 tons)
  9. Brazil (58.6 tons)
  10. Colombia (56.6 tons)
  11. New Zealand (55.9 tons)
  12. Chile (1.5 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for detergents and washing preparation in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20413240 - Surface-active preparations, whether or not containing soap, p .r.s. (excluding those for use as soap)
  • Prodcom 20413250 - Washing preparations and cleaning preparations, with or without soap, p.r.s. including auxiliary washing preparations excluding those for use as soap, surface-active preparations
  • Prodcom 20413260 - Surface-active preparations, whether or not containing soap, n .p.r.s. (excluding those for use as soap)
  • Prodcom 20413270 - Washing preparations and cleaning preparations, with or without soap, n.p.r.s. including auxiliary washing preparations excluding those for use as soap, surface-active preparations

Country coverage:

  • Hong Kong SAR

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Hong Kong SAR, China
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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