Eastern Asia: Market for Beauty, Make-Up And Skin Care Preparations 2024

Market Size for Beauty, Make-Up And Skin Care Preparations in Eastern Asia

The East Asian market for beauty, make-up and skin care preparations expanded slightly to $X in 2022, increasing by 1.9% against the previous year. The total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.5% 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 -4.6% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Beauty, Make-Up And Skin Care Preparations in Eastern Asia

In value terms, production of beauty, make-up and skin care preparations amounted to $X in 2022 estimated in export price. The total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% 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 -1.0% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 19%. Over the period under review, production of hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Beauty, Make-Up And Skin Care Preparations

Exports in Eastern Asia

In 2022, after ten years of growth, there was significant decline in shipments abroad of beauty, make-up and skin care preparations, when their volume decreased by -10% to X tons. Over the period under review, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 25% against the previous year. The volume of export peaked at X tons in 2021, and then fell in the following year.

In value terms, exports of beauty, make-up and skin care preparations declined to $X in 2022. Overall, exports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 36%. The level of export peaked at $X in 2021, and then fell in the following year.

Exports by Country

In 2022, South Korea (X tons), distantly followed by China (X tons), Hong Kong SAR (X tons) and Japan (X tons) represented the main exporters of beauty, make-up and skin care preparations, together generating 98% of total exports. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +19.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest beauty, make-up and skin care preparations supplying countries in Eastern Asia were South Korea ($X), Japan ($X) and Hong Kong SAR ($X), together accounting for 89% of total exports.

In terms of the main exporting countries, South Korea, with a CAGR of +23.6%, saw 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

In 2022, the export price in Eastern Asia amounted to $X per ton, falling by -5.6% against the previous year. Export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for beauty, make-up and skin care preparations increased by +75.2% against 2012 indices. The pace of growth was the most pronounced in 2016 an increase of 14%. The level of export peaked at $X per ton in 2021, and then fell 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 ($X per ton), while China ($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 (+8.3%), while the other leaders experienced more modest paces of growth.

Imports of Beauty, Make-Up And Skin Care Preparations

Imports in Eastern Asia

In 2022, supplies from abroad of beauty, make-up and skin care preparations decreased by -14.8% to X tons, falling for the second consecutive year after nine years of growth. Overall, imports, however, recorded a strong expansion. The growth pace was the most rapid in 2018 with an increase of 41% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, imports of beauty, make-up and skin care preparations contracted to $X in 2022. In general, imports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2018 when imports increased by 52% 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) prevails in preparations structure, together achieving 81% of total imports. Japan (X tons) took the next position in the ranking, followed by South Korea (X tons). All these countries together held approx. 13% share of total imports. Taiwan (Chinese) (X tons) and Macao SAR (X tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +19.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported beauty, make-up and skin care preparations in Eastern Asia, comprising 61% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 22% share of total imports. It was followed by Macao SAR, with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +32.5%. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (+11.2% per year) and Macao SAR (+27.3% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, rising by 5.4% against the previous year. Over the period under review, the import price recorded a resilient expansion. The pace of growth appeared the most rapid in 2021 when the import price increased by 24% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

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 Macao SAR ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Macao SAR (+13.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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