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

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

The Asia-Pacific market for beauty, make-up and skin care preparations expanded notably to $X in 2022, surging by X% against the previous year. The total consumption indicated a notable 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 decreased by X% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of beauty, make-up and skin care preparations stood at $X in 2022 estimated in export price. The total production indicated a resilient expansion 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 pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Exports of Beauty, Make-Up And Skin Care Preparations

Exports in Asia-Pacific

In 2022, overseas shipments of beauty, make-up and skin care preparations decreased by X% to X tons for the first time since 2014, thus ending a seven-year rising trend. Over the period under review, exports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports of hit record highs at X tons in 2021, and then declined in the following year.

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

Exports by Country

Singapore (X tons) and South Korea (X tons) represented roughly X% of total exports in 2022. It was distantly followed by China (X tons), Hong Kong SAR (X tons), Japan (X tons), India (X tons) and Thailand (X tons), together mixing up a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by South Korea (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-Pacific were South Korea ($X), Singapore ($X) and Japan ($X), together accounting for X% of total exports.

Among the main exporting countries, South Korea, with a CAGR of X%, recorded 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-Pacific amounted to $X per ton, waning by X% against the previous year. Export price indicated a resilient 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 2013 indices. The pace of growth was the most pronounced in 2015 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then dropped in the following year.

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 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-Pacific

In 2022, overseas purchases of beauty, make-up and skin care preparations decreased by X% to X tons, falling for the second year in a row after nine years of growth. Over the period under review, imports, however, enjoyed a resilient increase. The growth pace was the most rapid in 2018 when imports increased by X%. 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 reduced to $X in 2022. Overall, imports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports of attained the maximum at $X in 2021, and then dropped in the following year.

Imports by Country

Hong Kong SAR (X tons) and China (X tons) were the key importers of beauty, make-up and skin care preparations in 2022, accounting for approx. X% and X% of total imports, respectively. It was distantly followed by Singapore (X tons), Malaysia (X tons) and Japan (X tons), together mixing up a X% share of total imports. Australia (X tons), South Korea (X tons), Thailand (X tons), Taiwan (Chinese) (X tons), India (X tons), Indonesia (X tons) and the Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

In China, imports of beauty, make-up and skin care preparations expanded at an average annual rate of X% over the period from 2012-2022. 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-Pacific stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Overall, the import price posted a buoyant increase. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

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 ($X per ton), while the Philippines ($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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