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

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

The Asia-Pacific market for beauty, make-up and skin care preparations rose modestly to $X in 2022, with an increase of 1.7% against the previous year. The total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.5% 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. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of beauty, make-up and skin care preparations reached $X in 2022 estimated in export price. The total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.0% 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 -0.8% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of 18%. Over the period under review, production of attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Beauty, Make-Up And Skin Care Preparations

Exports in Asia-Pacific

After seven years of growth, shipments abroad of beauty, make-up and skin care preparations decreased by -3.9% to X tons in 2022. Overall, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 18% against the previous year. The volume of export peaked at X tons in 2021, and then contracted in the following year.

In value terms, exports of beauty, make-up and skin care preparations fell to $X in 2022. In general, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 34%. Over the period under review, the exports of attained the peak figure at $X in 2021, and then fell in the following year.

Exports by Country

Singapore (X tons) and South Korea (X tons) were the largest exporters of beauty, make-up and skin care preparations in 2022, accounting for approx. 23% and 21% of total exports, respectively. China (X tons) held the next position in the ranking, followed by Hong Kong SAR (X tons), Japan (X tons), India (X tons) and Thailand (X tons). All these countries together took near 46% share of total exports.

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, South Korea ($X), Singapore ($X) and Japan ($X) constituted the countries with the highest levels of exports in 2022, with a combined 69% share of total exports.

South Korea, with a CAGR of +23.6%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries 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-Pacific amounted to $X per ton, falling by -7.1% against the previous year. Export price indicated a prominent expansion 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 +88.1% against 2013 indices. The most prominent rate of growth was recorded 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.

Prices varied noticeably by country of origin: 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-Pacific

In 2022, overseas purchases of beauty, make-up and skin care preparations decreased by -12.9% to X tons, falling for the second year in a row after nine years of growth. Over the period under review, imports, however, posted a resilient increase. The pace of growth was the most pronounced in 2018 with an increase of 29% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, imports of beauty, make-up and skin care preparations declined to $X in 2022. Overall, imports, however, showed a prominent increase. The pace of growth was the most pronounced in 2018 when imports increased by 46% against the previous year. Over the period under review, imports of reached the maximum at $X in 2021, and then fell in the following year.

Imports by Country

Hong Kong SAR (X tons) and China (X tons) represented roughly 51% of total imports in 2022. Singapore (X tons) took the next position in the ranking, followed by Malaysia (X tons) and Japan (X tons). All these countries together took near 19% share of total imports. Vietnam (X tons), Australia (X tons), South Korea (X tons), Thailand (X tons), Taiwan (Chinese) (X tons), India (X tons), the Philippines (X tons) and Indonesia (X tons) took a minor 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 ($X) constitutes the largest market for imported beauty, make-up and skin care preparations in Asia-Pacific, comprising 50% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with an 18% share of total imports. It was followed by Singapore, with an 8.1% 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-Pacific stood at $X per ton in 2022, rising by 5.5% against the previous year. Over the period under review, the import price showed a remarkable increase. The most prominent rate of growth was recorded in 2021 an increase of 17%. Over the period under review, import prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

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