China: Cosmetics Market 2025

Cosmetics Market Size in China

The Chinese cosmetics market fell to $X in 2022, waning by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Cosmetics consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Cosmetics Production in China

In value terms, cosmetics production shrank slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Cosmetics Exports

Exports from China

In 2022, exports of cosmetics from China skyrocketed to X tons, growing by X% compared with 2021 figures. Overall, total exports indicated buoyant growth from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of X%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, cosmetics exports rose rapidly to $X in 2022. In general, exports recorded a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for cosmetics exports from China, accounting for a X% share of total exports. Moreover, cosmetics exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), fourfold. Indonesia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Indonesia (X% per year).

In value terms, the United States ($X) remains the key foreign market for cosmetics exports from China, comprising X% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and the UK (X% per year).

Export Prices by Country

In 2022, the average cosmetics export price amounted to $X per ton, approximately mirroring the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to the United Arab Emirates ($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 the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cosmetics Imports

Imports into China

In 2022, supplies from abroad of cosmetics decreased by X% to X tons, falling for the second consecutive year after nine years of growth. Over the period under review, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, cosmetics imports declined to $X in 2022. Overall, imports, however, showed a significant increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, South Korea (X tons) constituted the largest supplier of cosmetics to China, accounting for a X% share of total imports. Moreover, cosmetics imports from South Korea exceeded the figures recorded by the second-largest supplier, Japan (X tons), twofold. The third position in this ranking was taken by France (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from South Korea amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and France (X% per year).

In value terms, France ($X), Japan ($X) and South Korea ($X) constituted the largest cosmetics suppliers to China, together comprising X% of total imports. The United States, the UK, Poland, Canada, Germany, Thailand, Spain, Australia and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

Poland, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cosmetics import price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price recorded resilient growth. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Australia ($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 UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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