Indonesia: Cosmetics Market 2024

Cosmetics Market Size in Indonesia

The Indonesian cosmetics market declined to $X in 2022, dropping by X% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Cosmetics Production in Indonesia

In value terms, cosmetics production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Cosmetics Exports

Exports from Indonesia

For the third year in a row, Indonesia recorded growth in overseas shipments of cosmetics, which increased by X% to X tons in 2022. The total export volume increased at an average annual rate of X% 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, cosmetics exports rose remarkably to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Thailand (X tons), Malaysia (X tons) and the United Arab Emirates (X tons) were the main destinations of cosmetics exports from Indonesia, together accounting for X% of total exports. Singapore, Saudi Arabia, the Philippines, Japan, Vietnam, India, Timor-Leste, Ghana, Taiwan (Chinese) and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Singapore ($X) and Malaysia ($X) appeared to be the largest markets for cosmetics exported from Indonesia worldwide, with a combined X% share of total exports. The United Arab Emirates, Japan, the Philippines, Saudi Arabia, India, Hong Kong SAR, Vietnam, Taiwan (Chinese), Timor-Leste and Ghana lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, India, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average cosmetics export price stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the export price saw a slight slump. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) was amongst the lowest.

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

Cosmetics Imports

Imports into Indonesia

In 2022, approx. X tons of cosmetics were imported into Indonesia; jumping by X% compared with the previous year's figure. Over the period under review, imports enjoyed a buoyant increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, cosmetics imports rose notably to $X in 2022. Overall, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of cosmetics to Indonesia, accounting for a X% share of total imports. Moreover, cosmetics imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), fourfold. Malaysia (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Malaysia (X% per year).

In value terms, China ($X) constituted the largest supplier of cosmetics to Indonesia, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and France (X% per year).

Import Prices by Country

The average cosmetics import price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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