Nepal: Market for Beauty, Make-Up And Skin Care Preparations 2024

Market Size for Beauty, Make-Up And Skin Care Preparations in Nepal

The Nepalese market for beauty, make-up and skin care preparations reduced sharply to $X in 2022, shrinking by -20.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +30.4% against 2020 indices. As a result, consumption attained the peak level of $X, and then contracted remarkably in the following year.

Exports of Beauty, Make-Up And Skin Care Preparations

Exports from Nepal

In 2022, exports of beauty, make-up and skin care preparations from Nepal dropped significantly to X tons, waning by -17% against the previous year's figure. In general, exports continue to indicate a precipitous curtailment. The pace of growth was the most pronounced in 2017 with an increase of 786%. Over the period under review, the exports of reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of beauty, make-up and skin care preparations contracted markedly to $X in 2022. Over the period under review, exports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2017 with an increase of 800% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Singapore (X tons) was the main destination for exports of beauty, make-up and skin care preparations from Nepal, with a 31% share of total exports. Moreover, exports of beauty, make-up and skin care preparations to Singapore exceeded the volume sent to the second major destination, Japan (X kg), twofold. The third position in this ranking was held by the United Arab Emirates (X kg), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Singapore totaled -6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-7.0% per year) and the United Arab Emirates (-33.9% per year).

In value terms, Japan ($X), Singapore ($X) and China ($X) appeared to be the largest markets for beauty, make-up and skin care preparations exported from Nepal worldwide, with a combined 78% share of total exports. Germany, the UK, the United Arab Emirates and the United States lagged somewhat behind, together accounting for a further 8.2%.

In terms of the main countries of destination, the UK, with a CAGR of +25.8%, 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

In 2022, the average export price for beauty, make-up and skin care preparations amounted to $X per ton, falling by -7.1% against the previous year. Overall, the export price, however, posted a strong increase. The pace of growth appeared the most rapid in 2021 an increase of 63% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to the United Arab Emirates ($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 Singapore (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Beauty, Make-Up And Skin Care Preparations

Imports into Nepal

Imports of beauty, make-up and skin care preparations into Nepal fell significantly to X tons in 2022, dropping by -15.8% against 2021. In general, imports, however, recorded a slight expansion. The pace of growth was the most pronounced in 2013 when imports increased by 99% against the previous year. Over the period under review, imports of hit record highs at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of beauty, make-up and skin care preparations shrank dramatically to $X in 2022. Overall, total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.6% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 85% against the previous year. As a result, imports reached the peak of $X, and then reduced notably in the following year.

Imports by Country

In 2022, India (X tons) constituted the largest beauty, make-up and skin care preparations supplier to Nepal, with a 78% share of total imports. Moreover, imports of beauty, make-up and skin care preparations from India exceeded the figures recorded by the second-largest supplier, Thailand (X tons), more than tenfold. Germany (X tons) ranked third in terms of total imports with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India totaled +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-4.6% per year) and Germany (+8.3% per year).

In value terms, India ($X) constituted the largest supplier of beauty, make-up and skin care preparations to Nepal, comprising 79% of total imports. The second position in the ranking was held by Thailand ($X), with a 6.4% share of total imports. It was followed by the United States, with a 2.5% share.

From 2012 to 2022, the average annual growth rate of value from India totaled +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+0.2% per year) and the United States (-2.2% per year).

Import Prices by Country

The average import price for beauty, make-up and skin care preparations stood at $X per ton in 2022, waning by -8.6% against the previous year. Overall, the import price, however, showed a tangible increase. The growth pace was the most rapid in 2021 when the average import price increased by 40%. As a result, import price reached the peak level of $X per ton, and then declined in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform