Asia: Market for Manicure Or Pedicure Preparations 2024

Market Size for Manicure Or Pedicure Preparations in Asia

The Asian manicure or pedicure preparations market reached $X in 2021, picking up by 2.5% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Production of Manicure Or Pedicure Preparations in Asia

In value terms, manicure or pedicure preparations production rose slightly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by 18% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Exports of Manicure Or Pedicure Preparations

Exports in Asia

In 2021, after two years of decline, there was significant growth in overseas shipments of manicure or pedicure preparations, when their volume increased by 25% to X tons. Overall, exports, however, recorded a noticeable curtailment. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, manicure or pedicure preparations exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a mild setback. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, China (X tons) was the main exporter of manicure or pedicure preparations, constituting 65% of total exports. Turkey (X tons) took a 19% share (based on physical terms) of total exports, which put it in second place, followed by South Korea (7.5%). Taiwan (Chinese) (X tons) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of manicure or pedicure preparations. At the same time, South Korea (+3.9%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Asia, with a CAGR of +3.9% from 2012-2021. By contrast, Turkey (-3.2%) and Taiwan (Chinese) (-11.4%) illustrated a downward trend over the same period. While the share of China (+15 p.p.) and South Korea (+3.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Turkey (-1.8 p.p.) and Taiwan (Chinese) (-4.1 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest manicure or pedicure preparations supplier in Asia, comprising 61% of total exports. The second position in the ranking was held by South Korea ($X), with a 13% share of total exports. It was followed by Turkey, with a 12% share.

From 2012 to 2021, the average annual growth rate of value in China totaled +3.0%. In the other countries, the average annual rates were as follows: South Korea (+1.8% per year) and Turkey (-7.3% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, surging by 3.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2014 when the export price increased by 7.5% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was South Korea ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.2%), while the other leaders experienced mixed trends in the export price figures.

Imports of Manicure Or Pedicure Preparations

Imports in Asia

In 2021, supplies from abroad of manicure or pedicure preparations was finally on the rise to reach X tons for the first time since 2013, thus ending a seven-year declining trend. Overall, imports, however, recorded a pronounced descent. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, manicure or pedicure preparations imports soared to $X in 2021. In general, imports, however, showed a pronounced descent. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Saudi Arabia (X tons) and Japan (X tons) represented the largest importers of manicure or pedicure preparations in 2021, finishing at approx. 17% and 17% of total imports, respectively. Kazakhstan (X tons) took an 8.2% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (7.5%), the United Arab Emirates (6.9%) and Yemen (5.4%). South Korea (X tons), Kuwait (X tons), Iraq (X tons), Georgia (X tons), Pakistan (X tons), Israel (X tons) and Azerbaijan (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Indonesia (with a CAGR of +34.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported manicure or pedicure preparations in Asia, comprising 27% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with an 11% share of total imports. It was followed by the United Arab Emirates, with a 7.6% share.

In Japan, manicure or pedicure preparations imports shrank by an average annual rate of -1.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Saudi Arabia (+1.3% per year) and the United Arab Emirates (-6.7% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, falling by -1.7% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the import price increased by 7.5% against the previous year. The level of import peaked at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Israel ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Azerbaijan (+9.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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