South-Eastern Asia: Cosmetics Market 2024

Cosmetics Market Size in South-Eastern Asia

In 2022, the Southeast Asian cosmetics market increased by X% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated a strong 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 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Cosmetics Production in South-Eastern Asia

In value terms, cosmetics production contracted modestly to $X in 2022 estimated in export price. Overall, production showed a strong increase. The growth pace was the most rapid in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Cosmetics Exports

Exports in South-Eastern Asia

In 2022, the amount of cosmetics exported in South-Eastern Asia declined to X tons, with a decrease of X% on the previous year. Total exports indicated a buoyant increase 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 most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then contracted modestly in the following year.

In value terms, cosmetics exports declined slightly to $X in 2022. In general, exports, however, showed strong growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore represented the largest 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, distantly 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 cosmetics exports, with a CAGR of X% from 2012 to 2022. At the same time, Indonesia (X%), Thailand (X%) and Malaysia (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 Indonesia (X p.p.), Malaysia (X p.p.) and Thailand (X p.p.) displayed negative dynamics.

In value terms, Singapore ($X) remains the largest cosmetics supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

In Singapore, cosmetics exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (X% per year) and Indonesia (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, which is down by X% against the previous year. Export price indicated a notable 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, cosmetics export price increased by X% against 2020 indices. The growth pace was the most rapid in 2018 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the export prices remained at a somewhat lower figure.

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.

Cosmetics Imports

Imports in South-Eastern Asia

In 2022, the amount of cosmetics imported in South-Eastern Asia stood at X tons, picking up by X% compared with the year before. In general, imports recorded a buoyant increase. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, cosmetics imports rose remarkably to $X in 2022. Overall, imports saw a buoyant expansion. The pace of growth was the most pronounced in 2018 when imports increased by X%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Singapore represented the key importing country with an import of around X tons, which recorded X% of total imports. It was distantly followed by Malaysia (X tons), the Philippines (X tons), Indonesia (X tons) and Thailand (X tons), together making up a X% share of total imports. The following importers - Vietnam (X tons) and Lao People's Democratic Republic (X tons) - together made up X% of total imports.

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%), the Philippines (X%), Vietnam (X%), Indonesia (X%), Malaysia (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. The Philippines (X p.p.) significantly strengthened its position in terms of the total imports, while Thailand saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported cosmetics in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

In Singapore, cosmetics imports 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 Malaysia (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the import prices failed to regain momentum.

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