Asia: Market for Beauty, Make-Up And Skin Care Preparations 2024

Market Size for Beauty, Make-Up And Skin Care Preparations in Asia

The Asian market for beauty, make-up and skin care preparations totaled $X in 2022, remaining constant against the previous year. The total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.3% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Beauty, Make-Up And Skin Care Preparations in Asia

In value terms, production of beauty, make-up and skin care preparations totaled $X in 2022 estimated in export price. The total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.7% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 19%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Beauty, Make-Up And Skin Care Preparations

Exports in Asia

In 2022, shipments abroad of beauty, make-up and skin care preparations decreased by -3.9% to X tons for the first time since 2011, thus ending a ten-year rising trend. In general, exports, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 18% against the previous year. The volume of export peaked at X tons in 2021, and then dropped in the following year.

In value terms, exports of beauty, make-up and skin care preparations contracted to $X in 2022. Overall, exports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2018 with an increase of 34%. The level of export peaked at $X in 2021, and then declined in the following year.

Exports by Country

In 2022, Singapore (X tons) and South Korea (X tons) represented the largest exporters of beauty, make-up and skin care preparations in Asia, together recording near 43% of total exports. China (X tons) ranks next in terms of the total exports with a 13% share, followed by Hong Kong SAR (12%), Japan (7.7%), India (6.2%) and Thailand (4.9%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by South Korea (with a CAGR of +19.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest beauty, make-up and skin care preparations supplying countries in Asia were South Korea ($X), Singapore ($X) and Japan ($X), together accounting for 69% of total exports.

Among the main exporting countries, South Korea, with a CAGR of +23.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, dropping by -7% against the previous year. Export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for beauty, make-up and skin care preparations increased by +87.7% against 2013 indices. The growth pace was the most rapid in 2015 an increase of 15% against the previous year. The level of export peaked at $X per ton in 2021, and then contracted in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+8.3%), while the other leaders experienced more modest paces of growth.

Imports of Beauty, Make-Up And Skin Care Preparations

Imports in Asia

In 2022, supplies from abroad of beauty, make-up and skin care preparations decreased by -11.4% to X tons, falling for the second consecutive year after nine years of growth. Over the period under review, imports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 24%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of beauty, make-up and skin care preparations shrank to $X in 2022. In general, imports, however, showed prominent growth. The growth pace was the most rapid in 2018 when imports increased by 41%. Over the period under review, imports of reached the peak figure at $X in 2021, and then fell in the following year.

Imports by Country

Hong Kong SAR (X tons) and China (X tons) were the main importers of beauty, make-up and skin care preparations in 2022, finishing at approx. 23% and 19% of total imports, respectively. Singapore (X tons) ranks next in terms of the total imports with a 7.8% share, followed by the United Arab Emirates (6.1%) and Saudi Arabia (4.6%). Malaysia (X tons), Japan (X tons), Vietnam (X tons), South Korea (X tons), Thailand (X tons), Taiwan (Chinese) (X tons), India (X tons) and Turkey (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +20.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported beauty, make-up and skin care preparations in Asia, comprising 48% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 17% share of total imports. It was followed by Singapore, with a 7.7% share.

In China, imports of beauty, make-up and skin care preparations expanded at an average annual rate of +32.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Hong Kong SAR (+11.2% per year) and Singapore (+10.6% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, with an increase of 3.8% against the previous year. In general, the import price saw buoyant growth. The pace of growth appeared the most rapid in 2021 an increase of 14% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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