Updated Feb 17, 2023 07:43

Market for Organic Surface Active Agent And Washing Preparation in China

Market Overview
The Chinese market for organic surface active agents and washing preparations reached $ in , standing approx. at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate resilient growth. As a result, consumption reached the peak level of $. From 2019 to , the growth of the market failed to regain momentum.

In value terms, production of organic surface active agents and washing preparations rose slightly to $ in estimated in export price. Overall, production continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2018 when the production volume increased by % against the previous year. As a result, production attained the peak level of $. From 2019 to , production of growth failed to regain momentum.


Consumption
In , consumption of organic surface active agents and washing preparations decreased by -% to tons, falling for the second consecutive year after eight years of growth. Overall, consumption, however, saw buoyant growth. Over the period under review, consumption of hit record highs at tons in ; however, from to , consumption stood at a somewhat lower figure.

The size of the market for organic surface active agents and washing preparations in China was estimated at $ in , remaining relatively unchanged against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a buoyant expansion. As a result, consumption attained the peak level of $. From 2019 to , the growth of the market remained at a lower figure.


Market Forecast
Driven by increasing demand for organic surface active agents and washing preparations in China, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Over the period under review, the share of imports in terms of total organic surface active agent and washing preparation consumption in China was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the China organic surface active agent and washing preparation market is largely supplied by domestic manufacturers. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
China remains a net exporter of organic surface active agent and washing preparation; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.