Central Asia: Cosmetics Market 2024

Cosmetics Market Size in Central Asia

In 2022, the Central Asian cosmetics market increased by X% to $X, rising for the sixth year in a row after three years of decline. Over the period under review, consumption recorded a strong increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Cosmetics Production in Central Asia

In value terms, cosmetics production contracted to $X in 2022 estimated in export price. In general, production, however, recorded a noticeable reduction. The pace of growth appeared the most rapid in 2015 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Cosmetics Exports

Exports in Central Asia

Cosmetics exports surged to X tons in 2022, growing by X% against the previous year's figure. In general, exports posted prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cosmetics exports surged to $X in 2022. Over the period under review, exports saw a buoyant increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Kazakhstan (X tons) and Kyrgyzstan (X tons) dominates exports structure, together making up X% of total exports. It was distantly followed by Uzbekistan (X tons), generating a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Kyrgyzstan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) remains the largest cosmetics supplier in Central Asia, comprising X% of total exports. The second position in the ranking was taken by Kyrgyzstan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Kyrgyzstan (X% per year) and Uzbekistan (X% per year).

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price, however, recorded a perceptible slump. The pace of growth appeared the most rapid in 2019 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%), while the other leaders experienced a decline in the export price figures.

Cosmetics Imports

Imports in Central Asia

In 2022, purchases abroad of cosmetics increased by X% to X tons, rising for the seventh consecutive year after two years of decline. Overall, imports posted resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in the near future.

In value terms, cosmetics imports skyrocketed to $X in 2022. Total imports indicated prominent 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, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

Kazakhstan represented the main importer of cosmetics in Central Asia, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2022. Kyrgyzstan (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Uzbekistan (X%) and Mongolia (X%). Turkmenistan (X tons) followed a long way behind the leaders.

Imports into Kazakhstan increased at an average annual rate of X% from 2012 to 2022. At the same time, Kyrgyzstan (X%), Uzbekistan (X%), Turkmenistan (X%) and Mongolia (X%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2022. Kyrgyzstan (X p.p.) and Uzbekistan (X p.p.) significantly strengthened its position in terms of the total imports, while Mongolia and Kazakhstan saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported cosmetics in Central Asia, comprising X% of total imports. The second position in the ranking was taken by Kyrgyzstan ($X), with an X% share of total imports. It was followed by Mongolia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan stood at X%. In the other countries, the average annual rates were as follows: Kyrgyzstan (X% per year) and Mongolia (X% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price, however, recorded a noticeable descent. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :