Southern Asia: Market for Manicure Or Pedicure Preparations 2024

Market Size for Manicure Or Pedicure Preparations in Southern Asia

The South Asian manicure or pedicure preparations market reduced to $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of +3.5% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Manicure Or Pedicure Preparations in Southern Asia

In value terms, manicure or pedicure preparations production fell slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 29%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Manicure Or Pedicure Preparations

Exports in Southern Asia

In 2022, approx. X tons of manicure or pedicure preparations were exported in Southern Asia; shrinking by -1.6% against the year before. Overall, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 115%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, manicure or pedicure preparations exports fell modestly to $X in 2022. Over the period under review, exports recorded a noticeable contraction. The pace of growth was the most pronounced in 2015 when exports increased by 69% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

India represented the main exporter of manicure or pedicure preparations in Southern Asia, with the volume of exports resulting at X tons, which was approx. 60% of total exports in 2022. It was distantly followed by Pakistan (X tons), generating a 37% share of total exports. Sri Lanka (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Sri Lanka (with a CAGR of +9.3%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, India ($X) remains the largest manicure or pedicure preparations supplier in Southern Asia, comprising 56% of total exports. The second position in the ranking was held by Pakistan ($X), with a 26% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in India amounted to -7.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Pakistan (-1.2% per year) and Sri Lanka (+14.8% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, declining by -2.5% against the previous year. Export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.2% 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 -41.0% against 2020 indices. The growth pace was the most rapid in 2020 when the export price increased by 52% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+5.1%), while the other leaders experienced mixed trends in the export price figures.

Imports of Manicure Or Pedicure Preparations

Imports in Southern Asia

Manicure or pedicure preparations imports contracted sharply to X tons in 2022, reducing by -25.8% against the previous year's figure. In general, imports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of 49%. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, manicure or pedicure preparations imports dropped to $X in 2022. Over the period under review, imports showed a mild decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 48% against the previous year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Pakistan was the key importer of manicure or pedicure preparations in Southern Asia, with the volume of imports amounting to X tons, which was approx. 41% of total imports in 2022. It was distantly followed by Nepal (X tons), India (X tons), Bangladesh (X tons), Sri Lanka (X tons) and Afghanistan (X tons), together constituting a 56% share of total imports. Maldives (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to manicure or pedicure preparations imports into Pakistan stood at +4.9%. At the same time, Nepal (+7.9%) and Bangladesh (+5.6%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +7.9% from 2012-2022. By contrast, Maldives (-3.2%), Sri Lanka (-10.5%), India (-13.8%) and Afghanistan (-18.8%) illustrated a downward trend over the same period. While the share of Pakistan (+27 p.p.), Nepal (+13 p.p.) and Bangladesh (+7.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Sri Lanka (-3.9 p.p.), Afghanistan (-18.1 p.p.) and India (-24.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X), Pakistan ($X) and Nepal ($X) constituted the countries with the highest levels of imports in 2022, together comprising 73% of total imports. Bangladesh, Sri Lanka, Afghanistan and Maldives lagged somewhat behind, together comprising a further 27%.

Among the main importing countries, Bangladesh, with a CAGR of +17.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, with an increase of 17% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.7%. The most prominent rate of growth was recorded in 2016 an increase of 29% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+11.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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