Which Country Exports the Most Skin Care in the World?

IndexBox has just published a new report "World: Skin Care - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

Global skin care imports totaled 3.4M tonnes in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, it indicated a noticeable increase from 2007 to 2016: the total imports volume increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2016, skin care imports increased by +3.3% against its level of 2014. The pace of growth was the most pronounced in 2013, when import increased by 40% y-o-y. In that year, global skin care imports reached its maximum volume of 4.7M tonnes. From 2014 to 2016, growth of global skin care imports stood at a somewhat lower level.

In value terms, skin care imports totaled $41B in 2016. Overall, it indicated a strong expansion from 2007 to 2016: the total imports value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2016, skin care imports increased by +83.8% against its level of 2007. Global skin care import peaked in 2016, and are likely to see steady growth in the near future.

Top Skin Care Importing Countries in the World

1. USA (4.6 billion USD)

2. China (4.0 billion USD)

3. China, Hong Kong SAR (3.5 billion USD)

4. United Kingdom (2.3 billion USD)

5. Germany (2.2 billion USD)

6. France (1.5 billion USD)

7. Belgium (1.1 billion USD)

8. Italy (1.1 billion USD)

9. South Korea (1.0 billion USD)

10. Spain (0.9 billion USD)

11. Thailand (0.7 billion USD)

12. Poland (0.7 billion USD)

Skin Care Imports By Country

The countries with the highest levels of skin care imports in 2016 were France (274K tonnes), Germany (239K tonnes), China (201K tonnes), the UK (187K tonnes), the U.S. (165K tonnes), Poland (161K tonnes), China, Hong Kong SAR (157K tonnes), Spain (151K tonnes), South Korea (127K tonnes), Italy (98K tonnes), Belgium (81K tonnes), and Thailand (76K tonnes), together amounting to 56% of total import.

From 2007 to 2016, the most notable growth rate of skin care imports, among the main importing countries, was attained by South Korea (+26.8% per year), while the other global leaders experienced more modest paces of growth.

In value terms, the U.S. ($4.6B), China ($4B) and China, Hong Kong SAR ($3.5B) were the countries with the highest levels of imports in 2016, together accounting for 29% of global imports.

China (+30.9% per year) recorded the highest growth rate of skin care imports, among the main importing countries, over the last 9 years, while the other global leaders experienced more modest paces of growth.

Skin Care Import Prices By Country

The average skin care import price stood at $12 per kg in 2016, increasing by 10% against the previous year. Over the last nine years it increased at an average annual rate of +3.1%.The most prominent rate of growth was recorded in 2014, when import increased by 55% from the previous year level. Over the period under review, average skin care import price attained its maximum level in 2016, and is expected to retain its growth in the immediate term.

There were significant differences in the average import prices amongst major importing countries. In 2016, the country with the highest import prices was the U.S. ($28 per kg), while Poland ($4,470 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of skin care import prices was attained by China (+23.0% per year), while the other global leaders experienced more modest paces of growth.

Do you want to know more about global skin care market? Get the latest trends and insight from our report. It includes a wide range of statistics on

• skin care market share
• skin care prices
• skin care industry
• skin care sales
• skin care import
• skin care export
• skin care market forecast
• skin care price forecast
• key skin care producers

All data provided in this article covers the following product: HS Code 3304 - Cosmetic and toilet preparations- beauty, make-up and skin care preparations (excluding medicaments, including sunscreen or sun tan preparations), manicure or pedicure preparations.

Source: World: Skin Care - Market Report. Analysis and Forecast to 2025