Bangladesh: Market for Manicure Or Pedicure Preparations 2024

Market Size for Manicure Or Pedicure Preparations in Bangladesh

The Bangladeshi manicure or pedicure preparations market declined significantly to $X in 2022, reducing by -34.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, posted a remarkable increase. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Exports of Manicure Or Pedicure Preparations

Exports from Bangladesh

In 2022, overseas shipments of manicure or pedicure preparations increased by 113% to X kg for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports posted a slight expansion. The most prominent rate of growth was recorded in 2018 with an increase of 235%. The exports peaked at X kg in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, manicure or pedicure preparations exports skyrocketed to $X in 2022. In general, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 700% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Guatemala (X kg) was the main destination for manicure or pedicure preparations exports from Bangladesh, with a 55% share of total exports. Moreover, manicure or pedicure preparations exports to Guatemala exceeded the volume sent to the second major destination, Austria (X kg), fourfold. Bahrain (X kg) ranked third in terms of total exports with a 7% share.

From 2012 to 2022, the average annual growth rate of volume to Guatemala was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+48.7% per year) and Bahrain (+766.7% per year).

In value terms, the largest markets for manicure or pedicure preparations exported from Bangladesh were Guatemala ($X), Austria ($X) and Bahrain ($X), together accounting for 72% of total exports.

Among the main countries of destination, Bahrain, with a CAGR of +3,960.7%, 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 average manicure or pedicure preparations export price stood at $X per ton in 2022, picking up by 3.3% against the previous year. In general, the export price saw a pronounced expansion. The pace of growth was the most pronounced in 2018 an increase of 138%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+368.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Manicure Or Pedicure Preparations

Imports into Bangladesh

In 2022, the amount of manicure or pedicure preparations imported into Bangladesh fell significantly to X tons, declining by -35.6% on the previous year's figure. Overall, imports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2019 when imports increased by 441% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, manicure or pedicure preparations imports fell sharply to $X in 2022. In general, imports, however, saw resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 204% against the previous year. As a result, imports reached the peak of $X, and then declined rapidly in the following year.

Imports by Country

The United Arab Emirates (X tons), Turkey (X tons) and the UK (X tons) were the main suppliers of manicure or pedicure preparations imports to Bangladesh, together comprising 61% of total imports. Hong Kong SAR, Thailand, China, the United States, the Netherlands, India and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +106.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Turkey ($X) and the United States ($X) constituted the largest manicure or pedicure preparations suppliers to Bangladesh, with a combined 79% share of total imports. China, Taiwan (Chinese), the UK, India, the Netherlands, Thailand and Hong Kong SAR lagged somewhat behind, together comprising a further 9.8%.

Among the main suppliers, the Netherlands, with a CAGR of +70.1%, saw 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

In 2022, the average manicure or pedicure preparations import price amounted to $X per ton, picking up by 3.1% against the previous year. Over the period under review, the import price saw a buoyant increase. The most prominent rate of growth was recorded in 2020 an increase of 122% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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