Asia-Pacific: Cosmetics Market 2024

Cosmetics Market Size in Asia-Pacific

The Asia-Pacific cosmetics market totaled $X in 2022, rising by X% against the previous year. The total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Cosmetics Production in Asia-Pacific

In value terms, cosmetics production amounted to $X in 2022 estimated in export price. The total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Cosmetics Exports

Exports in Asia-Pacific

In 2022, after seven years of growth, there was decline in overseas shipments of cosmetics, when their volume decreased by X% to X tons. Overall, exports, however, recorded prominent growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then declined modestly in the following year.

In value terms, cosmetics exports dropped to $X in 2022. In general, exports, however, posted a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2021, and then declined in the following year.

Exports by Country

In 2022, Singapore (X tons), China (X tons) and South Korea (X tons) represented the key exporter of cosmetics in Asia-Pacific, achieving X% of total export. Hong Kong SAR (X tons) ranks next in terms of the total exports with an X% share, followed by Thailand (X%), Japan (X%) and India (X%).

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest cosmetics supplying countries in Asia-Pacific were South Korea ($X), Singapore ($X) and Japan ($X), with a combined X% share of total exports.

In terms of the main exporting countries, South Korea, with a CAGR of X%, recorded 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

The export price in Asia-Pacific stood at $X per ton in 2022, dropping by X% against the previous year. Export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then declined 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 (X%), while the other leaders experienced more modest paces of growth.

Cosmetics Imports

Imports in Asia-Pacific

In 2022, supplies from abroad of cosmetics decreased by X% to X tons, falling for the second consecutive year after nine years of growth. In general, imports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, cosmetics imports dropped to $X in 2022. Over the period under review, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The level of import peaked at $X in 2021, and then shrank in the following year.

Imports by Country

Hong Kong SAR (X tons) and China (X tons) represented roughly X% of total imports in 2022. Singapore (X tons) ranks next in terms of the total imports with a X% share, followed by Japan (X%) and Malaysia (X%). The following importers - Australia (X tons), Vietnam (X tons), South Korea (X tons), the Philippines (X tons), Indonesia (X tons), India (X tons), Thailand (X tons) and Taiwan (Chinese) (X tons) - together made up X% of total imports.

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

In value terms, China ($X) constitutes the largest market for imported cosmetics in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total imports. It was followed by Singapore, with an X% share.

In China, cosmetics imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and Singapore (X% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, growing by X% against the previous year. Overall, the import price recorded a buoyant increase. The growth pace was the most rapid in 2021 an increase of X%. The level of import peaked in 2022 and is likely to see gradual 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 (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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