Asia-Pacific: Market for Manicure Or Pedicure Sets And Instruments 2024

Market Size for Manicure Or Pedicure Sets And Instruments in Asia-Pacific

In 2022, the Asia-Pacific manicure or pedicure sets market increased by 9.6% to $X for the first time since 2017, thus ending a four-year declining trend. In general, consumption, however, showed a slight slump. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Manicure Or Pedicure Sets And Instruments in Asia-Pacific

In value terms, manicure or pedicure sets production shrank slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a slight descent. The pace of growth was the most pronounced in 2017 with an increase of 18%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Manicure Or Pedicure Sets And Instruments

Exports in Asia-Pacific

In 2022, overseas shipments of manicure or pedicure sets and instruments increased by 0.5% to X units, rising for the sixth year in a row after two years of decline. The total export volume increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 25%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, manicure or pedicure sets exports expanded significantly to $X in 2022. Total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +86.5% against 2016 indices. The growth pace was the most rapid in 2021 when exports increased by 40%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

China prevails in exports structure, resulting at X units, which was near 95% of total exports in 2022. South Korea (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the manicure or pedicure sets and instruments exports, with a CAGR of +2.3% from 2012 to 2022. South Korea (-8.3%) illustrated a downward trend over the same period. While the share of China (+8.5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Korea (-3.8 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest manicure or pedicure sets supplier in Asia-Pacific, comprising 88% of total exports. The second position in the ranking was held by South Korea ($X), with a 3.2% share of total exports.

In China, manicure or pedicure sets exports expanded at an average annual rate of +9.7% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, surging by 7.2% against the previous year. Over the last decade, it increased at an average annual rate of +4.6%. The pace of growth was the most pronounced in 2014 an increase of 15%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per unit), while China stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.2%).

Imports of Manicure Or Pedicure Sets And Instruments

Imports in Asia-Pacific

In 2022, supplies from abroad of manicure or pedicure sets and instruments increased by 15% to X units, rising for the second year in a row after four years of decline. Total imports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 32%. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, manicure or pedicure sets imports rose sharply to $X in 2022. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 22%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, India (X units) represented the main importer of manicure or pedicure sets and instruments, making up 36% of total imports. It was distantly followed by Indonesia (X units), Thailand (X units), South Korea (X units) and Japan (X units), together achieving a 42% share of total imports. The following importers - Bangladesh (X units), China (X units), Australia (X units), Malaysia (X units) and Hong Kong SAR (X units) - together made up 15% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by India (with a CAGR of +14.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Japan ($X) constituted the countries with the highest levels of imports in 2022, with a combined 43% share of total imports. India, Australia, Thailand, Hong Kong SAR, Indonesia, Bangladesh and Malaysia lagged somewhat behind, together comprising a further 43%.

Among the main importing countries, Indonesia, with a CAGR of +10.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, waning by -6% against the previous year. In general, the import price showed a pronounced decrease. The most prominent rate of growth was recorded in 2018 when the import price increased by 32% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+5.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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