GCC: Market for Manicure Or Pedicure Preparations 2024

Exports of Manicure Or Pedicure Preparations

Exports in GCC

In 2021, approx. X tons of manicure or pedicure preparations were exported in GCC; reducing by -27% against 2020 figures. Overall, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of 120%. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, manicure or pedicure preparations exports contracted rapidly to $X in 2021. In general, exports saw a abrupt descent. The growth pace was the most rapid in 2017 when exports increased by 160% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates prevails in exports structure, amounting to X tons, which was approx. 88% of total exports in 2021. Saudi Arabia (X tons) took the second position in the ranking, followed by Kuwait (X tons). All these countries together held approx. 12% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to manicure or pedicure preparations exports from the United Arab Emirates stood at -7.7%. At the same time, Kuwait (+4.1%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in GCC, with a CAGR of +4.1% from 2012-2021. By contrast, Saudi Arabia (-14.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United Arab Emirates and Kuwait increased by +7.5 and +3.1 percentage points, respectively.

In value terms, the United Arab Emirates ($X) remains the largest manicure or pedicure preparations supplier in GCC, comprising 85% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 12% share of total exports.

In the United Arab Emirates, manicure or pedicure preparations exports plunged by an average annual rate of -4.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Saudi Arabia (-7.0% per year) and Kuwait (-9.6% per year).

Export Prices by Country

In 2021, the export price in GCC amounted to $X per ton, with a decrease of -22.2% against the previous year. Export price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, manicure or pedicure preparations export price decreased by -25.0% against 2017 indices. The growth pace was the most rapid in 2014 when the export price increased by 20%. Over the period under review, the export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Saudi Arabia ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+8.9%), while the other leaders experienced mixed trends in the export price figures.

Imports of Manicure Or Pedicure Preparations

Imports in GCC

In 2021, imports of manicure or pedicure preparations in GCC soared to X tons, jumping by 43% on 2020. In general, imports, however, continue to indicate a pronounced decline. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, manicure or pedicure preparations imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a mild decrease. The most prominent rate of growth was recorded in 2013 when imports increased by 34% against the previous year. The level of import peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Saudi Arabia (X tons) represented the key importer of manicure or pedicure preparations, committing 56% of total imports. The United Arab Emirates (X tons) held a 22% share (based on physical terms) of total imports, which put it in second place, followed by Kuwait (8.8%) and Oman (6.1%). Qatar (X tons) and Bahrain (X tons) followed a long way behind the leaders.

Saudi Arabia experienced a relatively flat trend pattern with regard to volume of imports of manicure or pedicure preparations. At the same time, Bahrain (+7.5%), Qatar (+7.4%) and Kuwait (+2.3%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of +7.5% from 2012-2021. By contrast, Oman (-4.4%) and the United Arab Emirates (-10.1%) illustrated a downward trend over the same period. Saudi Arabia (+14 p.p.), Kuwait (+3.4 p.p.), Qatar (+2.2 p.p.) and Bahrain (+2.1 p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates saw its share reduced by -21.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Kuwait ($X) constituted the countries with the highest levels of imports in 2021, together comprising 85% of total imports. These countries were followed by Qatar, Oman and Bahrain, which together accounted for a further 15%.

Bahrain, with a CAGR of +5.0%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in GCC amounted to $X per ton, with a decrease of -10.9% against the previous year. Import price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, manicure or pedicure preparations import price decreased by -30.5% against 2019 indices. The pace of growth was the most pronounced in 2014 when the import price increased by 24%. Over the period under review, import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Qatar ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+5.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform