Hong Kong SAR, China: Market for Manicure Or Pedicure Preparations 2024

Market Size for Manicure Or Pedicure Preparations in Hong Kong SAR, China

The Hong Kong manicure or pedicure preparations market contracted to $X in 2022, declining by -13.5% against the previous year. The market value increased at an average annual rate of +3.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then declined in the following year.

Production of Manicure Or Pedicure Preparations in Hong Kong SAR, China

In value terms, manicure or pedicure preparations production declined slightly to $X in 2022 estimated in export price. Over the period under review, production, however, posted a buoyant expansion. The growth pace was the most rapid in 2015 with an increase of 160% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Manicure Or Pedicure Preparations

Exports from Hong Kong SAR, China

Manicure or pedicure preparations exports from Hong Kong SAR fell sharply to X tons in 2022, waning by -32.4% on 2021. Overall, exports faced a deep setback. The most prominent rate of growth was recorded in 2015 when exports increased by 12% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, manicure or pedicure preparations exports declined dramatically to $X in 2022. In general, exports showed a abrupt downturn. The pace of growth was the most pronounced in 2018 when exports increased by 26%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Macao SAR (X tons), Japan (X tons) and China (X tons) were the main destinations of manicure or pedicure preparations exports from Hong Kong SAR, with a combined 49% share of total exports. The United States, Belgium, the Netherlands, France, Lithuania, Malaysia, the UK, Taiwan (Chinese), Germany and Singapore lagged somewhat behind, together comprising a further 42%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +22.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Macao SAR ($X), Japan ($X) and China ($X) appeared to be the largest markets for manicure or pedicure preparations exported from Hong Kong SAR worldwide, with a combined 49% share of total exports. The United States, Belgium, the Netherlands, France, Lithuania, Malaysia, the UK, Taiwan (Chinese), Germany and Singapore lagged somewhat behind, together comprising a further 42%.

Belgium, with a CAGR of +25.7%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average manicure or pedicure preparations export price amounted to $X per ton, waning by -9.6% against the previous year. Over the last decade, it increased at an average annual rate of +3.7%. The pace of growth was the most pronounced in 2021 an increase of 16% against the previous year. As a result, the export price reached the peak level of $X per ton, and then reduced in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Germany ($X per ton) and Japan ($X per ton), while the average price for exports to Singapore ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Manicure Or Pedicure Preparations

Imports into Hong Kong SAR, China

In 2022, approx. X tons of manicure or pedicure preparations were imported into Hong Kong SAR; which is down by -32.7% compared with 2021. Overall, imports showed a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 21% against the previous year. Imports 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 dramatically to $X in 2022. Over the period under review, imports recorded a deep setback. The pace of growth was the most pronounced in 2021 when imports increased by 27%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Japan (X tons), the United States (X tons) and China (X tons) were the main suppliers of manicure or pedicure preparations imports to Hong Kong SAR, together accounting for 56% of total imports. France, Singapore, Belgium, South Korea and Germany lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +7.7%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Japan ($X), the United States ($X) and China ($X) appeared to be the largest manicure or pedicure preparations suppliers to Hong Kong SAR, together comprising 56% of total imports. France, Singapore, Belgium, South Korea and Germany lagged somewhat behind, together comprising a further 37%.

Belgium, with a CAGR of +9.7%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average manicure or pedicure preparations import price amounted to $X per ton, waning by -5.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 19% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($X per ton) and the United States ($X per ton), while the price for South Korea ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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