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Hong Kong SAR, China - Cosmetics - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

Hong Kong SAR, China - Cosmetics - Market Analysis, Forecast, Size, Trends And Insights

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Dec 6, 2023

In September 2023, Hong Kongs Sees 7% Decrease in Cosmetics Imports to $438M.

Hong Kong Cosmetics Imports

Cosmetics imports into Hong Kong contracted to 13K tons in September 2023, dropping by -7.1% on August 2023. Overall, imports showed a perceptible curtailment. The most prominent rate of growth was recorded in January 2023 with an increase of 81% m-o-m.

In value terms, cosmetics imports fell to $438M (IndexBox estimates) in September 2023. In general, imports continue to indicate a slight contraction. The growth pace was the most rapid in January 2023 with an increase of 80% month-to-month.Hong Kong Cosmetics Imports By Country (Million USD)

COUNTRYImport Value of Cosmetics in Hong Kong (million USD)
Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023Aug 2023Sep 2023
South Korea27624119996.5326185200151156134149210198
Singapore44.849.724.738.249.977.073.469.453.557.853.952.935.6
China31.431.022.241.218.345.379.661.062.149.150.945.533.8
Japan48.649.631.925.640.046.661.061.942.044.433.932.425.9
France13.712.97.113.721.029.025.530.022.235.126.327.813.1
United States18.313.513.714.419.914.920.317.922.519.119.820.713.0
Italy8.010.016.113.316.98.39.37.710.47.89.57.14.4
Others66.755.745.264.562.812213115177.110313675.9114
Total507464359307555529599550446451480472438

Imports by Country

In September 2023, South Korea (6.1K tons) constituted the largest cosmetics supplier to Hong Kong, with a 46% share of total imports. Moreover, cosmetics imports from South Korea exceeded the figures recorded by the second-largest supplier, Singapore (1.1K tons), sixfold. China (887 tons) ranked third in terms of total imports with a 6.8% share.

From September 2022 to September 2023, the average monthly rate of growth in terms of volume from South Korea stood at -3.7%. The remaining supplying countries recorded the following average monthly rates of imports growth: Singapore (-2.8% per month) and China (-1.1% per month).

In value terms, South Korea ($198M) constituted the largest supplier of cosmetics to Hong Kong, comprising 45% of total imports. The second position in the ranking was taken by Singapore ($36M), with an 8.1% share of total imports. It was followed by China, with a 7.7% share.

From September 2022 to September 2023, the average monthly growth rate of value from South Korea stood at -2.7%. The remaining supplying countries recorded the following average monthly rates of imports growth: Singapore (-1.9% per month) and China (+0.6% per month).

Imports by Type

In September 2023, beauty, make-up and skin care preparations (13K tons) was the main type of cosmetics supplied to Hong Kong, with a 97% share of total imports. It was followed by lip make-up preparations (189 tons), with a 1.4% share of total imports. The third position in this ranking was held by talcum powder and other powders for cosmetic use (131 tons), with a 1% share.

From September 2022 to September 2023, the average monthly rate of growth in terms of the volume of import of beauty, make-up and skin care preparations totaled -2.5%. With regard to the other supplied products, the following average monthly rates of growth were recorded: lip make-up preparations (+3.3% per month) and talcum powder and other powders for cosmetic use (+2.6% per month).

In value terms, beauty, make-up and skin care preparations ($408M) constituted the largest type of cosmetics supplied to Hong Kong, comprising 93% of total imports. The second position in the ranking was taken by lip make-up preparations ($14M), with a 3.2% share of total imports. It was followed by eye make-up preparations, with a 2.2% share.

Import Prices by Country

In September 2023, the cosmetics price stood at $33,363 per ton (CIF, Hong Kong), remaining stable against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in July 2023 an increase of 13% against the previous month. The import price peaked at $33,424 per ton in August 2023, and then reduced slightly in the following month.

Average prices varied noticeably amongst the major supplying countries. In September 2023, the highest price was recorded for prices from China ($38,061 per ton) and France ($35,409 per ton), while the price for Italy ($32,345 per ton) and South Korea ($32,542 per ton) were amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the cosmetics market 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 20421250 - Lip make-up preparations
  • Prodcom 20421270 - Eye make-up preparations
  • Prodcom 20421300 - Manicure or pedicure preparations
  • Prodcom 20421400 - Powders, whether or not compressed, for cosmetic use (including talcum powder)
  • Prodcom 20421500 - Beauty, make-up and skin care preparations including suntan (excluding medicaments, lip and eye make-up, manicure and pedicure preparations, powders for cosmetic use and talcum powder)

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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