Sri Lanka: Market for Manicure Or Pedicure Preparations 2024

Market Size for Manicure Or Pedicure Preparations in Sri Lanka

The Sri Lankan manicure or pedicure preparations market declined notably to $X in 2022, with a decrease of -52.1% 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). Over the period under review, consumption saw a abrupt decline. Manicure or pedicure preparations consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Exports of Manicure Or Pedicure Preparations

Exports from Sri Lanka

In 2022, overseas shipments of manicure or pedicure preparations decreased by -33.1% to X tons, falling for the second consecutive year after two years of growth. In general, exports, however, showed a resilient increase. The pace of growth was the most pronounced in 2019 with an increase of 732%. The exports 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 dropped modestly to $X in 2022. Overall, exports, however, saw strong growth. The most prominent rate of growth was recorded in 2019 when exports increased by 236%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Japan (X tons), Maldives (X kg) and Pakistan (X kg) were the main destinations of manicure or pedicure preparations exports from Sri Lanka, with a combined 60% share of total exports. Austria, Malaysia, the UK, Slovakia, South Korea, Canada, South Africa, Germany, Australia and Hong Kong SAR lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of +129.7%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the key foreign market for manicure or pedicure preparations exports from Sri Lanka, comprising 40% of total exports. The second position in the ranking was held by Maldives ($X), with a 12% share of total exports. It was followed by Pakistan, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value to Japan amounted to +59.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (-6.7% per year) and Pakistan (+143.9% per year).

Export Prices by Country

In 2022, the average manicure or pedicure preparations export price amounted to $X per ton, picking up by 47% against the previous year. Over the period under review, the export price enjoyed a resilient increase. The growth pace was the most rapid in 2018 an increase of 109% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Malaysia ($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 Slovakia (+63.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Manicure Or Pedicure Preparations

Imports into Sri Lanka

In 2022, approx. X tons of manicure or pedicure preparations were imported into Sri Lanka; which is down by -48% against the year before. In general, imports showed a abrupt decline. The growth pace was the most rapid in 2013 when imports increased by 38% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, manicure or pedicure preparations imports contracted dramatically to $X in 2022. Overall, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2013 with an increase of 57%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), India (X tons) and the United States (X kg) were the main suppliers of manicure or pedicure preparations imports to Sri Lanka, with a combined 95% share of total imports. Luxembourg and Singapore lagged somewhat behind, together accounting for a further 2%.

From 2012 to 2022, the biggest increases were recorded for Luxembourg (with a CAGR of +151.3%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, India ($X) constituted the largest supplier of manicure or pedicure preparations to Sri Lanka, comprising 61% of total imports. The second position in the ranking was held by China ($X), with a 28% share of total imports. It was followed by the United States, with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India totaled -1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-6.0% per year) and the United States (+12.1% per year).

Import Prices by Country

The average manicure or pedicure preparations import price stood at $X per ton in 2022, with a decrease of -2% against the previous year. In general, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.8% 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 import price decreased by -29.4% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 24% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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