Central Asia: Cosmetics Market 2024

Cosmetics Market Size in Central Asia

The Central Asian cosmetics market skyrocketed to $X in 2022, with an increase of X% against the previous year. In general, consumption enjoyed a buoyant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Cosmetics Production in Central Asia

In value terms, cosmetics production rose remarkably to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

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Cosmetics Exports

Exports in Central Asia

In 2022, exports of cosmetics in Central Asia surged to X tons, with an increase of X% compared with 2021 figures. Over the period under review, exports showed strong growth. The growth pace was the most rapid in 2017 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cosmetics exports soared to $X in 2022. Overall, exports saw a strong increase. The pace of growth was the most pronounced in 2019 when exports increased by X%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Kazakhstan was the major exporting country with an export of about X tons, which resulted at X% of total exports. Kyrgyzstan (X tons) ranks second in terms of the total exports with a X% share, followed by Uzbekistan (X%).

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

In value terms, Kazakhstan ($X) remains the largest cosmetics supplier in Central Asia, comprising X% of total exports. The second position in the ranking was held by Kyrgyzstan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Kyrgyzstan (X% per year) and Uzbekistan (X% per year).

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price, however, recorded a slight decrease. The most prominent rate of growth was recorded in 2019 an increase of X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced a decline in the export price figures.

Cosmetics Imports

Imports in Central Asia

Cosmetics imports amounted to X tons in 2022, with an increase of X% against 2021. Over the period under review, imports showed a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, cosmetics imports soared to $X in 2022. Total imports indicated a strong 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, imports increased by X% against 2015 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

In 2022, Kazakhstan (X tons) was the major importer of cosmetics, creating X% of total imports. It was distantly followed by Kyrgyzstan (X tons), Uzbekistan (X tons) and Mongolia (X tons), together mixing up a X% share of total imports. Turkmenistan (X tons) took a relatively small share of total imports.

Imports into Kazakhstan increased at an average annual rate of X% from 2012 to 2022. At the same time, Uzbekistan (X%), Kyrgyzstan (X%), Turkmenistan (X%) and Mongolia (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2022. While the share of Kyrgyzstan (X p.p.) and Uzbekistan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Mongolia (X p.p.) and Kazakhstan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported cosmetics in Central Asia, comprising X% of total imports. The second position in the ranking was held by Kyrgyzstan ($X), with an X% share of total imports. It was followed by Mongolia, with an X% share.

In Kazakhstan, cosmetics imports increased 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: Kyrgyzstan (X% per year) and Mongolia (X% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Mongolia ($X per ton), while Turkmenistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform