Vietnam: Market for Manicure Or Pedicure Preparations 2025

Market Size for Manicure Or Pedicure Preparations in Vietnam

The Vietnamese manicure or pedicure preparations market expanded markedly to $X in 2021, rising by 15% against the previous year. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -13.9% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Production of Manicure Or Pedicure Preparations in Vietnam

In value terms, manicure or pedicure preparations production stood at $X in 2021 estimated in export price. Overall, the total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -11.5% against 2019 indices. The growth pace was the most rapid in 2019 when the production volume increased by 36% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Exports of Manicure Or Pedicure Preparations

Exports from Vietnam

In 2021, overseas shipments of manicure or pedicure preparations were finally on the rise to reach X kg for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, continue to indicate a dramatic descent. The most prominent rate of growth was recorded in 2017 when exports increased by 56%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, manicure or pedicure preparations exports rose remarkably to $X in 2021. In general, exports, however, faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 58%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X kg), the United States (X kg) and Austria (X kg) were the main destinations of manicure or pedicure preparations exports from Vietnam, with a combined 100% share 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 the United States (with a CAGR of +21.3%), while the other leaders experienced a decline.

In value terms, the largest markets for manicure or pedicure preparations exported from Vietnam were Japan ($X), the United States ($X) and Austria ($X), with a combined 100% share of total exports.

The United States, with a CAGR of +30.4%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average manicure or pedicure preparations export price stood at $X per ton in 2021, growing by 5% against the previous year. Overall, export price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +8.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, manicure or pedicure preparations export price increased by +37.4% against 2014 indices. The most prominent rate of growth was recorded in 2013 an increase of 51%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2021, the country with the highest price was Austria ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+199.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Manicure Or Pedicure Preparations

Imports into Vietnam

In 2021, purchases abroad of manicure or pedicure preparations decreased by -10.7% to X tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of 195%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, manicure or pedicure preparations imports declined notably to $X in 2021. In general, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by 136% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Malaysia (X tons) constituted the largest supplier of manicure or pedicure preparations to Vietnam, with a 46% share of total imports. Moreover, manicure or pedicure preparations imports from Malaysia exceeded the figures recorded by the second-largest supplier, the UK (X tons), threefold. South Korea (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Malaysia stood at +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+57.0% per year) and South Korea (-22.3% per year).

In value terms, Malaysia ($X) constituted the largest supplier of manicure or pedicure preparations to Vietnam, comprising 44% of total imports. The second position in the ranking was held by the UK ($X), with a 14% share of total imports. It was followed by France, with a 7.7% share.

From 2012 to 2021, the average annual growth rate of value from Malaysia amounted to +26.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+67.0% per year) and France (+0.3% per year).

Import Prices by Country

In 2021, the average manicure or pedicure preparations import price amounted to $X per ton, which is down by -13.9% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 35% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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