Southern Asia: Market for Manicure Or Pedicure Sets And Instruments 2024

Market Size for Manicure Or Pedicure Sets And Instruments in Southern Asia

The South Asian manicure or pedicure sets market skyrocketed to $X in 2022, surging by 18% against the previous year. The total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.8% 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 +24.6% against 2016 indices. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the immediate term.

Production of Manicure Or Pedicure Sets And Instruments in Southern Asia

In value terms, manicure or pedicure sets production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when the production volume increased by 18%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Manicure Or Pedicure Sets And Instruments

Exports in Southern Asia

In 2022, the amount of manicure or pedicure sets and instruments exported in Southern Asia shrank sharply to X units, which is down by -56.3% on the year before. Overall, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2019 when exports increased by 18% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, manicure or pedicure sets exports reduced sharply to $X in 2022. Over the period under review, exports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of 21%. As a result, the exports attained the peak of $X, and then declined dramatically in the following year.

Exports by Country

Pakistan was the key exporting country with an export of around X units, which recorded 67% of total exports. It was distantly followed by India (X units), constituting a 33% share of total exports.

Exports from Pakistan decreased at an average annual rate of -13.2% from 2012 to 2022. India (-3.7%) illustrated a downward trend over the same period. While the share of India (+18 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Pakistan (-18 p.p.) displayed negative dynamics.

In value terms, Pakistan ($X) remains the largest manicure or pedicure sets supplier in Southern Asia, comprising 82% of total exports. The second position in the ranking was taken by India ($X), with an 18% share of total exports.

In Pakistan, manicure or pedicure sets exports plunged by an average annual rate of -8.8% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, shrinking by -19% against the previous year. Export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the export price increased by 25%. Over the period under review, the export prices hit record highs at $X per unit in 2021, and then contracted remarkably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Pakistan ($X per unit), while India totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+11.4%).

Imports of Manicure Or Pedicure Sets And Instruments

Imports in Southern Asia

In 2022, overseas purchases of manicure or pedicure sets and instruments increased by 8.2% to X units, rising for the second consecutive year after two years of decline. In general, imports continue to indicate strong growth. The pace of growth was the most pronounced in 2021 when imports increased by 88%. The volume of import peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, manicure or pedicure sets imports fell modestly to $X in 2022. Total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 +56.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 60% against the previous year. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

India prevails in imports structure, resulting at X units, which was near 89% of total imports in 2022. It was distantly followed by Bangladesh (X units), making up a 9.6% share of total imports.

India was also the fastest-growing in terms of the manicure or pedicure sets and instruments imports, with a CAGR of +14.8% from 2012 to 2022. At the same time, Bangladesh (+9.4%) displayed positive paces of growth. India (+7.3 p.p.) significantly strengthened its position in terms of the total imports, while Bangladesh saw its share reduced by -4.8% from 2012 to 2022, respectively.

In value terms, India ($X) constitutes the largest market for imported manicure or pedicure sets and instruments in Southern Asia, comprising 74% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 20% share of total imports.

In India, manicure or pedicure sets imports expanded at an average annual rate of +5.9% over the period from 2012-2022.

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2022, reducing by -9.5% against the previous year. In general, the import price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2018 when the import price increased by 9.8% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Bangladesh ($X per unit), while India stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (-1.0%).

Source: IndexBox Platform

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