Asia: Cosmetics Market 2024

Cosmetics Market Size in Asia

In 2022, the Asian cosmetics market decreased by X% to $X, falling for the third consecutive year after four years of growth. The total consumption indicated perceptible growth 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 2019 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Cosmetics Production in Asia

In value terms, cosmetics production rose modestly to $X in 2022 estimated in export price. The total production indicated tangible growth 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 2019 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Cosmetics Exports

Exports in Asia

For the eighth consecutive year, Asia recorded growth in overseas shipments of cosmetics, which increased by X% to X tons in 2022. In general, exports showed a strong increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, cosmetics exports reduced to $X in 2022. Over the period under review, exports showed a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of export peaked at $X in 2021, and then declined in the following year.

Exports by Country

Singapore (X tons), China (X tons), South Korea (X tons), the United Arab Emirates (X tons) and Hong Kong SAR (X tons) represented roughly X% of total exports in 2022. Thailand (X tons) ranks next in terms of the total exports with a X% share, followed by Japan (X%) and India (X%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the United Arab Emirates (with a CAGR of X%), 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 X% share of total exports. Hong Kong SAR, China, the United Arab Emirates, Thailand and India lagged somewhat behind, together comprising a further X%.

The United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among 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 amounted to $X per ton, waning by X% against the previous year. Export price indicated strong growth 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 most prominent rate of growth was recorded in 2015 when the export price increased by X% 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 (X%), while the other leaders experienced more modest paces of growth.

Cosmetics Imports

Imports in Asia

After ten years of growth, purchases abroad of cosmetics decreased by X% to X tons in 2022. In general, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2021, and then declined in the following year.

In value terms, cosmetics imports declined to $X in 2022. Overall, imports, however, posted a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The level of import peaked 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 X% of total imports in 2022. It was distantly followed by the United Arab Emirates (X tons), Singapore (X tons) and Saudi Arabia (X tons), together generating a X% share of total imports. Japan (X tons), Malaysia (X tons), Vietnam (X tons), South Korea (X tons), the Philippines (X tons), Indonesia (X tons), India (X tons) and Thailand (X tons) held a relatively small share 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 ($X) constitutes the largest market for imported cosmetics in Asia, comprising X% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at X%. 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 amounted to $X per ton, with a decrease of X% against the previous year. Import price indicated a buoyant expansion 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. Based on 2022 figures, cosmetics import price increased by X% against 2013 indices. The pace of growth was the most pronounced in 2021 when the import price increased by X%. As a result, import price reached the peak level of $X per ton, and then contracted in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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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