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

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

The Asian market for beauty, make-up and skin care preparations expanded markedly to $X in 2022, with an increase of X% against the previous year. The total consumption indicated a measured increase from 2012 to 2022: its value 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, consumption increased by X% against 2015 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

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

In value terms, production of beauty, make-up and skin care preparations totaled $X in 2022 estimated in export price. The total production indicated prominent growth from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Beauty, Make-Up And Skin Care Preparations

Exports in Asia

In 2022, exports of beauty, make-up and skin care preparations in Asia rose sharply to X tons, growing by X% compared with 2021. In general, exports showed resilient growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, exports of beauty, make-up and skin care preparations declined to $X in 2022. Over the period under review, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs at $X in 2021, and then dropped in the following year.

Exports by Country

The shipments of the five major exporters of beauty, make-up and skin care preparations, namely Singapore, South Korea, the United Arab Emirates, China and Hong Kong SAR, represented more than two-thirds of total export. Japan (X tons) ranks next in terms of the total exports with a X% share, followed by India (X%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the United Arab Emirates (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest beauty, make-up and skin care preparations supplying countries in Asia were South Korea ($X), Singapore ($X) and Japan ($X), together accounting for X% of total exports. Hong Kong SAR, China, the United Arab Emirates and India lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, the United Arab Emirates, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, waning by X% against the previous year. Export price indicated strong growth 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. The most prominent rate of growth was recorded in 2015 an increase of X%. The level of export peaked at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while India ($X per ton) was amongst the lowest.

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

Imports of Beauty, Make-Up And Skin Care Preparations

Imports in Asia

In 2022, purchases abroad of beauty, make-up and skin care preparations decreased by X% to X tons, falling for the second consecutive year after nine years of growth. In general, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, imports of beauty, make-up and skin care preparations fell to $X in 2022. Overall, imports, however, posted buoyant growth. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, imports of hit record highs at $X in 2021, and then dropped in the following year.

Imports by Country

Hong Kong SAR (X tons) and China (X tons) represented the key importers of beauty, make-up and skin care preparations in 2022, accounting for near X% and X% of total imports, respectively. It was distantly followed by Singapore (X tons) and the United Arab Emirates (X tons), together comprising a X% share of total imports. Saudi Arabia (X tons), Malaysia (X tons), Japan (X tons), South Korea (X tons), Thailand (X tons), Taiwan (Chinese) (X tons), Kuwait (X tons), India (X tons) and Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

From 2012 to 2022, the average annual growth rate of value in China totaled X%. In the other countries, the average annual rates were as follows: Hong Kong SAR (X% per year) and Singapore (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the import price, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. As a result, import price attained the peak level of $X per ton, and then fell in the following year.

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 China ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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