Philippines - Soap In Different Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Soap in Different Forms in the Philippines - 2023
Contents:
- Price for Soap in Different Forms in the Philippines (CIF) - 2023
- Price for Soap in Different Forms in the Philippines (FOB) - 2022
- Imports of Soap in Different Forms in the Philippines
- Exports of Soap in Different Forms in the Philippines
Price for Soap in Different Forms in the Philippines (CIF) - 2023
In June 2023, the average soap in different forms import price amounted to $1,050 per ton, picking up by 2.8% against the previous month. Overall, the import price, however, saw a pronounced shrinkage. The pace of growth appeared the most rapid in February 2023 an increase of 5.2% against the previous month. Over the period under review, average import prices attained the maximum at $1,687 per ton in June 2022; however, from July 2022 to June 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was Indonesia ($1,056 per ton), while the price for Malaysia amounted to $1,021 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Indonesia (-3.7%).
Price for Soap in Different Forms in the Philippines (FOB) - 2022
The average soap in different forms export price stood at $2,296 per ton in 2022, falling by -33.2% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by 237%. As a result, the export price attained the peak level of $6,326 per ton. From 2017 to 2022, the average export prices remained at a lower figure.
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 Singapore ($6,719 per ton), while the average price for exports to Malaysia ($1,550 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 Singapore (+14.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Soap in Different Forms in the Philippines
In 2022, approx. 78K tons of soap in different forms were imported into the Philippines; with an increase of 32% compared with the previous year's figure. The total import volume increased at an average annual rate of +4.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.
In value terms, soap in different forms imports surged to $110M in 2022. Over the period under review, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Soap in Different Forms in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | 24.3 | 34.4 | 43.9 | 62.3 | 36.9% |
Malaysia | 18.2 | 24.8 | 20.8 | 45.6 | 35.8% |
Others | 2.7 | 4.9 | 2.1 | 2.3 | -5.2% |
Total | 45.2 | 64.1 | 66.8 | 110 | 34.5% |
Top Suppliers of Soap in Different Forms to the Philippines in 2022:
- Indonesia (42.4K tons)
- Malaysia (34.3K tons)
Exports of Soap in Different Forms in the Philippines
In 2022, after two years of decline, there was significant growth in shipments abroad of soap in different forms, when their volume increased by 17% to 48 tons. Over the period under review, exports, however, continue to indicate a dramatic descent.
In value terms, soap in different forms exports dropped dramatically to $110K in 2022. Overall, exports, however, faced a sharp descent. The smallest decline of -7.5% was in 2021.
Export of Soap in Different Forms in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | N/A | 4.3 | N/A | 66.4 | 293.0% |
Singapore | N/A | 0.1 | 6.3 | 17.4 | 1219.1% |
Taiwan (Chinese) | N/A | 1.2 | 2.9 | 4.2 | 87.1% |
United Arab Emirates | 12.7 | 136 | 122 | 0.5 | -66.0% |
Papua New Guinea | 17.6 | 0.4 | N/A | 0.3 | -74.3% |
Nigeria | 499 | N/A | N/A | N/A | 0% |
Indonesia | 28.7 | N/A | N/A | N/A | 0% |
Saudi Arabia | 237 | 6.7 | N/A | N/A | -97.2% |
Ghana | 9.9 | 1.4 | N/A | N/A | -85.9% |
Others | 71.3 | 3.5 | 10.5 | 21.6 | -32.8% |
Total | 876 | 153 | 142 | 110 | -49.9% |
Top Export Markets for Soap in Different Forms from the Philippines in 2022:
- Papua New Guinea (undefined tons)
- Malaysia (42.8 tons)
- Singapore (2.6 tons)
- Taiwan (Chinese) (1.1 tons)
- United Arab Emirates (0.2 tons)
This report provides an in-depth analysis of the market for soap in different forms in the Philippines. 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 20413150 - Soap in the form of flakes, wafers, granules or powders
- Prodcom 20413180 - Soap in forms excluding bars, cakes or moulded shapes, p aper, wadding, felt and non-wovens impregnated or coated with soap/detergent, flakes, granules or powders
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In 2016, the amount of soap imported worldwide totaled X tons, ascending by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the peri...
In 2016, the amount of soap imported worldwide totaled X tons, ascending by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the peri...