Singapore: Market for Organic Surface-Active Products For Washing The Skin 2024

Market Size for Organic Surface-Active Products For Washing The Skin in Singapore

In 2022, the Singaporean skin organic surface-active products market decreased by X% to $X, falling for the second year in a row after three years of growth. In general, consumption faced a deep reduction. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Exports of Organic Surface-Active Products For Washing The Skin

Exports from Singapore

Skin organic surface-active products exports from Singapore skyrocketed to X tons in 2022, increasing by X% against 2021. Overall, exports posted a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, skin organic surface-active products exports skyrocketed to $X in 2022. In general, exports posted significant growth. The growth pace was the most rapid in 2016 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

South Korea (X tons), Vietnam (X tons) and Malaysia (X tons) were the main destinations of skin organic surface-active products exports from Singapore, together comprising X% of total exports. The United States, the United Arab Emirates, China, Hong Kong SAR, Pakistan, Indonesia and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for skin organic surface-active products exported from Singapore were China ($X), South Korea ($X) and Vietnam ($X), with a combined X% share of total exports. Malaysia, Hong Kong SAR, the United States, Pakistan, Indonesia, Taiwan (Chinese) and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

Pakistan, 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

In 2022, the average skin organic surface-active products export price amounted to $X per ton, rising by X% against the previous year. Overall, export price indicated a buoyant increase from 2012 to 2022: its price 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 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the United Arab Emirates ($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 more modest paces of growth.

Imports of Organic Surface-Active Products For Washing The Skin

Imports into Singapore

In 2022, supplies from abroad of organic surface-active products for washing the skin decreased by X% to X tons for the first time since 2013, thus ending a eight-year rising trend. Over the period under review, imports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then dropped dramatically in the following year.

In value terms, skin organic surface-active products imports stood at $X in 2022. In general, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

Indonesia (X tons), the United States (X tons) and China (X tons) were the main suppliers of skin organic surface-active products imports to Singapore, with a combined X% share of total imports. Canada, Thailand, Malaysia, Germany, India, the United Arab Emirates, Japan, France and Australia lagged somewhat behind, together comprising a further X%.

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

In value terms, the United States ($X) constituted the largest supplier of organic surface-active products for washing the skin to Singapore, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

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

Import Prices by Country

In 2022, the average skin organic surface-active products import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2022: its price 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, skin organic surface-active products import price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

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

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

Source: IndexBox Platform

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