ASEAN: Market for Beauty, Make-Up And Skin Care Preparations 2024

Market Size for Beauty, Make-Up And Skin Care Preparations in ASEAN

The ASEAN market for beauty, make-up and skin care preparations surged to $X in 2022, growing by X% against the previous year. In general, consumption posted strong growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Beauty, Make-Up And Skin Care Preparations in ASEAN

In value terms, production of beauty, make-up and skin care preparations totaled $X in 2022 estimated in export price. Over the period under review, production recorded a buoyant expansion. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

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Exports of Beauty, Make-Up And Skin Care Preparations

Exports in ASEAN

In 2022, after six years of growth, there was decline in shipments abroad of beauty, make-up and skin care preparations, when their volume decreased by X% to X tons. Total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of X% 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 2019 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2021, and then fell in the following year.

In value terms, exports of beauty, make-up and skin care preparations declined slightly to $X in 2022. Over the period under review, exports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2021, and then declined slightly in the following year.

Exports by Country

Singapore was the main exporting country with an export of about X tons, which accounted for X% of total exports. Thailand (X tons) held the second position in the ranking, followed by Indonesia (X tons) and Malaysia (X tons). All these countries together held approx. X% share of total exports.

Singapore was also the fastest-growing in terms of the beauty, make-up and skin care preparations exports, with a CAGR of X% from 2012 to 2022. At the same time, Indonesia (X%), Malaysia (X%) and Thailand (X%) displayed positive paces of growth. While the share of Singapore (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Thailand (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest beauty, make-up and skin care preparations supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with an X% share of total exports. It was followed by Indonesia, with a X% share.

In Singapore, exports of beauty, make-up and skin care preparations increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, approximately mirroring the previous year. Export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for beauty, make-up and skin care preparations increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. The level of export peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

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

Imports of Beauty, Make-Up And Skin Care Preparations

Imports in ASEAN

In 2022, the amount of beauty, make-up and skin care preparations imported in ASEAN was estimated at X tons, approximately mirroring the previous year's figure. Total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports of hit record highs at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of beauty, make-up and skin care preparations totaled $X in 2022. In general, imports enjoyed prominent growth. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Singapore was the key importer of beauty, make-up and skin care preparations in ASEAN, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2022. Malaysia (X tons) ranks second in terms of the total imports with a X% share, followed by Thailand (X%), Indonesia (X%) and the Philippines (X%). Vietnam (X tons) and Lao People's Democratic Republic (X tons) followed a long way behind the leaders.

Imports into Singapore increased at an average annual rate of X% from 2012 to 2022. At the same time, Lao People's Democratic Republic (X%), Malaysia (X%), Vietnam (X%), Indonesia (X%), the Philippines (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Malaysia increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported beauty, make-up and skin care preparations in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with an X% share of total imports. It was followed by Malaysia, with an X% share.

In Singapore, imports of beauty, make-up and skin care preparations expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Malaysia (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

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 Vietnam ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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