Nepal: Market for Manicure Or Pedicure Preparations 2024

Market Size for Manicure Or Pedicure Preparations in Nepal

The Nepalese manicure or pedicure preparations market reduced slightly to $X in 2022, dropping by -4.5% 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, consumption showed moderate growth. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Exports of Manicure Or Pedicure Preparations

Exports from Nepal

After four years of growth, overseas shipments of manicure or pedicure preparations decreased by -17.6% to X kg in 2022. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 884% against the previous year. Over the period under review, the exports reached the maximum at X kg in 2021, and then contracted notably in the following year.

In value terms, manicure or pedicure preparations exports reduced rapidly to $X in 2022. Over the period under review, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 475% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then fell significantly in the following year.

Exports by Country

Germany (X kg), Switzerland (X kg) and China (X kg) were the main destinations of manicure or pedicure preparations exports from Nepal.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of +76.2%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) emerged as the key foreign market for manicure or pedicure preparations exports from Nepal, comprising 64% of total exports. The second position in the ranking was held by Switzerland ($X), with a 30% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+58.7% per year) and China (+15.4% per year).

Export Prices by Country

In 2022, the average manicure or pedicure preparations export price amounted to $X per ton, reducing by -6.2% against the previous year. Over the period under review, the export price, however, saw a temperate expansion. The growth pace was the most rapid in 2015 an increase of 72% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Switzerland ($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 (+10.9%).

Imports of Manicure Or Pedicure Preparations

Imports into Nepal

In 2022, imports of manicure or pedicure preparations into Nepal was estimated at X tons, picking up by 9.6% against 2021 figures. Over the period under review, imports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2019 with an increase of 177% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, manicure or pedicure preparations imports reduced to $X in 2022. In general, imports saw a slight increase. The pace of growth was the most pronounced in 2019 with an increase of 181% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of manicure or pedicure preparations to Nepal, with a 60% share of total imports. Moreover, manicure or pedicure preparations imports from Italy exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was taken by Belgium (X tons), with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy totaled +98.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+1.0% per year) and Belgium (+108.7% per year).

In value terms, Italy ($X) constituted the largest supplier of manicure or pedicure preparations to Nepal, comprising 45% of total imports. The second position in the ranking was taken by India ($X), with a 17% share of total imports. It was followed by China, with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy totaled +79.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-7.9% per year) and China (-3.1% per year).

Import Prices by Country

The average manicure or pedicure preparations import price stood at $X per ton in 2022, reducing by -20.6% against the previous year. Overall, the import price showed a abrupt curtailment. The pace of growth appeared the most rapid in 2017 when the average import price increased by 12% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform