Eastern Europe: Market for Manicure Or Pedicure Preparations 2024

Market Size for Manicure Or Pedicure Preparations in Eastern Europe

The East European manicure or pedicure preparations market reduced to $X in 2022, dropping by -7.8% against the previous year. The total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.2% 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 -8.2% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Manicure Or Pedicure Preparations in Eastern Europe

In value terms, manicure or pedicure preparations production amounted to $X in 2022 estimated in export price. Overall, production posted resilient growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by 47%. Over the period under review, production reached the peak level in 2022 and is expected to retain growth in the immediate term.

Exports of Manicure Or Pedicure Preparations

Exports in Eastern Europe

In 2022, shipments abroad of manicure or pedicure preparations increased by 30% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +5.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, manicure or pedicure preparations exports reached $X in 2022. Total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +7.9% 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 +80.5% against 2015 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 32% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Poland dominates exports structure, recording X tons, which was near 70% of total exports in 2022. Russia (X tons) took a 7.9% share (based on physical terms) of total exports, which put it in second place, followed by Hungary (7.2%). Bulgaria (X tons), the Czech Republic (X tons), Lithuania (X tons) and Latvia (X tons) took a minor share of total exports.

Exports from Poland increased at an average annual rate of +5.4% from 2012 to 2022. At the same time, Latvia (+9.4%), Russia (+9.3%), Lithuania (+8.3%), the Czech Republic (+5.3%), Hungary (+4.8%) and Bulgaria (+3.2%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +9.4% from 2012-2022. While the share of Russia (+2.3 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest manicure or pedicure preparations supplier in Eastern Europe, comprising 64% of total exports. The second position in the ranking was taken by Hungary ($X), with an 8.3% share of total exports. It was followed by the Czech Republic, with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Poland totaled +7.2%. In the other countries, the average annual rates were as follows: Hungary (+6.4% per year) and the Czech Republic (+10.6% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, falling by -20.5% against the previous year. Export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when the export price increased by 17% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then reduced markedly 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 the Czech Republic ($X per ton), while Bulgaria ($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 Czech Republic (+5.0%), while the other leaders experienced more modest paces of growth.

Imports of Manicure Or Pedicure Preparations

Imports in Eastern Europe

In 2022, supplies from abroad of manicure or pedicure preparations increased by 0.6% to X tons, rising for the second consecutive year after eight years of decline. Overall, imports, however, saw a noticeable curtailment. The pace of growth was the most pronounced in 2021 with an increase of 6.9%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, manicure or pedicure preparations imports shrank to $X in 2022. In general, imports, however, continue to indicate a mild decline. The pace of growth was the most pronounced in 2021 with an increase of 20% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of manicure or pedicure preparations imports in 2022 were Poland (X tons), Russia (X tons), Hungary (X tons), the Czech Republic (X tons) and Romania (X tons), together resulting at 80% of total import. Slovakia (X tons), Bulgaria (X tons), Lithuania (X tons), Ukraine (X tons), Latvia (X tons) and Belarus (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Hungary (with a CAGR of +7.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Russia ($X) and the Czech Republic ($X) were the countries with the highest levels of imports in 2022, together comprising 56% of total imports. Romania, Hungary, Lithuania, Slovakia, Bulgaria, Ukraine, Latvia and Belarus lagged somewhat behind, together accounting for a further 41%.

Among the main importing countries, Romania, with a CAGR of +8.3%, recorded 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 import price in Eastern Europe amounted to $X per ton, with a decrease of -6.6% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The growth pace was the most rapid in 2018 when the import price increased by 14%. The level of import peaked at $X per ton in 2021, and then contracted in the following year.

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 Ukraine ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+8.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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