Eastern Asia: Market for Manicure Or Pedicure Sets And Instruments 2024

Market Size for Manicure Or Pedicure Sets And Instruments in Eastern Asia

In 2022, the East Asian manicure or pedicure sets market decreased by -2.7% to $X, falling for the fifth year in a row after two years of growth. In general, consumption recorded a abrupt downturn. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Manicure Or Pedicure Sets And Instruments in Eastern Asia

In value terms, manicure or pedicure sets production reduced modestly to $X in 2022 estimated in export price. Overall, production, however, saw a pronounced setback. The growth pace was the most rapid in 2017 when the production volume increased by 30%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Manicure Or Pedicure Sets And Instruments

Exports in Eastern Asia

In 2022, overseas shipments of manicure or pedicure sets and instruments increased by 2.5% to X units, rising for the sixth consecutive year after two years of decline. The total export volume increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, manicure or pedicure sets exports surged to $X in 2022. Overall, exports recorded resilient growth. The pace of growth was the most pronounced in 2021 when exports increased by 45% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

China prevails in exports structure, resulting at X units, which was approx. 97% of total exports in 2022. South Korea (X units) held a minor share of total exports.

China was also the fastest-growing in terms of the manicure or pedicure sets and instruments exports, with a CAGR of +2.3% from 2012 to 2022. South Korea (-8.3%) illustrated a downward trend over the same period. China (+4.9 p.p.) significantly strengthened its position in terms of the total exports, while South Korea saw its share reduced by -4.2% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest manicure or pedicure sets supplier in Eastern Asia, comprising 95% of total exports. The second position in the ranking was taken by South Korea ($X), with a 3.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at +9.7%.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, picking up by 17% against the previous year. Export price indicated a buoyant increase 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, manicure or pedicure sets export price increased by +52.8% against 2018 indices. The pace of growth appeared the most rapid in 2014 an increase of 19%. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per unit), while China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.2%).

Imports of Manicure Or Pedicure Sets And Instruments

Imports in Eastern Asia

In 2022, overseas purchases of manicure or pedicure sets and instruments were finally on the rise to reach X units after two years of decline. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 15%. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, manicure or pedicure sets imports expanded significantly to $X in 2022. The total import value increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 22%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

South Korea (X units), Japan (X units) and China (X units) represented roughly 79% of total imports in 2022. Hong Kong SAR (X units) took a 10% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (6.7%). Democratic People's Republic of Korea (X units) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Democratic People's Republic of Korea (with a CAGR of +23.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest manicure or pedicure sets importing markets in Eastern Asia were China ($X), South Korea ($X) and Japan ($X), together accounting for 83% of total imports. Hong Kong SAR, Taiwan (Chinese) and Democratic People's Republic of Korea lagged somewhat behind, together comprising a further 17%.

Among the main importing countries, Democratic People's Republic of Korea, with a CAGR of +10.3%, 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

The import price in Eastern Asia stood at $X per unit in 2022, remaining stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2021 an increase of 6.3%. As a result, import price attained the peak level of $X per unit, leveling off in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while Democratic People's Republic of Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+4.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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