Singapore: Market for Manicure Or Pedicure Preparations 2024

Market Size for Manicure Or Pedicure Preparations in Singapore

For the fourth year in a row, the Singaporean manicure or pedicure preparations market recorded decline in sales value, which decreased by -2% to $X in 2021. Overall, consumption, however, recorded a noticeable reduction. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Production of Manicure Or Pedicure Preparations in Singapore

In value terms, manicure or pedicure preparations production declined to $X in 2021 estimated in export price. Overall, production, however, saw prominent growth. The growth pace was the most rapid in 2015 with an increase of 420%. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Manicure Or Pedicure Preparations

Exports from Singapore

In 2021, shipments abroad of manicure or pedicure preparations was finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. In general, exports showed buoyant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 297%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, manicure or pedicure preparations exports expanded significantly to $X in 2021. Over the period under review, exports enjoyed resilient growth. The growth pace was the most rapid in 2013 when exports increased by 360%. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Japan (X tons), China (X tons) and Indonesia (X tons) were the main destinations of manicure or pedicure preparations exports from Singapore, together accounting for 67% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +16.0%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and Indonesia ($X) appeared to be the largest markets for manicure or pedicure preparations exported from Singapore worldwide, with a combined 67% share of total exports.

Among the main countries of destination, China, with a CAGR of +19.8%, recorded the highest growth rate of 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 2021, flattening at the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.2%. The pace of growth appeared the most rapid in 2018 when the average export price increased by 19% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then contracted slightly in the following year.

Average prices varied noticeably for the major external markets. In 2021, the highest price was recorded for prices to Thailand ($X per ton) and Hong Kong SAR ($X per ton), while the average price for exports to Malaysia ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Manicure Or Pedicure Preparations

Imports into Singapore

In 2021, purchases abroad of manicure or pedicure preparations was finally on the rise to reach X tons after four years of decline. In general, imports, however, faced a deep setback. The growth pace was the most rapid in 2013 when imports increased by 34% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, manicure or pedicure preparations imports expanded modestly to $X in 2021. Over the period under review, imports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of 35%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, France (X tons) constituted the largest manicure or pedicure preparations supplier to Singapore, with a 40% share of total imports. Moreover, manicure or pedicure preparations imports from France exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. China (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from France totaled -9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-19.5% per year) and China (+0.9% per year).

In value terms, France ($X) constituted the largest supplier of manicure or pedicure preparations to Singapore, comprising 40% of total imports. The second position in the ranking was taken by the United States ($X), with a 15% share of total imports. It was followed by China, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from France totaled -8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-18.9% per year) and China (+1.6% per year).

Import Prices by Country

The average manicure or pedicure preparations import price stood at $X per ton in 2021, declining by -2.6% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 15% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from the UK ($X per ton) and Belgium ($X per ton), while the price for France ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Luxembourg (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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