Japan: Market for Manicure Or Pedicure Preparations 2024

Market Size for Manicure Or Pedicure Preparations in Japan

In 2022, the Japanese manicure or pedicure preparations market increased by 14% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the near future.

Exports of Manicure Or Pedicure Preparations

Exports from Japan

In 2022, shipments abroad of manicure or pedicure preparations was finally on the rise to reach X tons after five years of decline. Over the period under review, exports, however, recorded a abrupt downturn. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, manicure or pedicure preparations exports shrank to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 44% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) (X tons), Hong Kong SAR (X tons) and Vietnam (X tons) were the main destinations of manicure or pedicure preparations exports from Japan, together comprising 81% of total exports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +20.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for manicure or pedicure preparations exported from Japan were Taiwan (Chinese) ($X), Hong Kong SAR ($X) and China ($X), with a combined 83% share of total exports. South Korea, the United States, Vietnam, Poland and Thailand lagged somewhat behind, together accounting for a further 13%.

Among the main countries of destination, Vietnam, with a CAGR of +25.9%, recorded 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 manicure or pedicure preparations export price stood at $X per ton in 2022, falling by -18.4% against the previous year. Over the period under review, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +7.1% 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 preparations export price decreased by -20.5% against 2020 indices. The growth pace was the most rapid in 2020 when the average export price increased by 44%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Vietnam ($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 China (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Manicure Or Pedicure Preparations

Imports into Japan

In 2022, purchases abroad of manicure or pedicure preparations increased by 24% to X tons, rising for the second consecutive year after three years of decline. The total import volume increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, manicure or pedicure preparations imports totaled $X in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 24%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest manicure or pedicure preparations supplier to Japan, accounting for a 63% share of total imports. Moreover, manicure or pedicure preparations imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fivefold. The third position in this ranking was taken by France (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +16.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+2.5% per year) and France (+8.5% per year).

In value terms, China ($X) constituted the largest supplier of manicure or pedicure preparations to Japan, comprising 48% of total imports. The second position in the ranking was taken by France ($X), with a 23% share of total imports. It was followed by the United States, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +19.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+2.3% per year) and the United States (-9.0% per year).

Import Prices by Country

The average manicure or pedicure preparations import price stood at $X per ton in 2022, waning by -9.8% against the previous year. Over the period under review, the import price recorded a noticeable contraction. The pace of growth appeared the most rapid in 2019 when the average import price increased by 18% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+34.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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