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

In 2023, the Asia-Pacific market for beauty, make-up and skin care preparations increased by X% to $X, rising for the eighth year in a row after three years of decline. The total consumption indicated a measured expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2015 indices. Over the period under review, the market hit record highs in 2023 and is likely to see gradual growth in the immediate term.

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 2023 estimated in export price. The total production indicated a noticeable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Exports of Beauty, Make-Up And Skin Care Preparations

Exports in Asia-Pacific

In 2023, the amount of beauty, make-up and skin care preparations exported in Asia-Pacific rose modestly to X tons, growing by X% compared with 2022 figures. Over the period under review, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, exports of beauty, make-up and skin care preparations contracted to $X in 2023. Overall, exports recorded a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from South Korea (X tons), China (X tons), India (X tons) and Hong Kong SAR (X tons), together accounting for X% of total export. Japan (X tons) took the next position in the ranking, followed by Thailand (X tons) and Singapore (X tons). All these countries together took approx. X% share of total exports. Indonesia (X tons) took a little share of total exports.

From 2012 to 2023, 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), with a combined X% share of total exports.

Among the main exporting countries, South Korea, 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

The export price in Asia-Pacific stood at $X per ton in 2023, which is down by X% against the previous year. Export price indicated a strong increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2022, and then declined in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2023, 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 Asia-Pacific

In 2023, purchases abroad of beauty, make-up and skin care preparations decreased by X% to X tons, falling for the third consecutive year after nine years of growth. In general, imports, however, saw a prominent expansion. 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 2023, imports stood at a somewhat lower figure.

In value terms, imports of beauty, make-up and skin care preparations fell to $X in 2023. Over the period under review, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports of hit record highs at $X in 2021; however, from 2022 to 2023, imports remained at a lower figure.

Imports by Country

Hong Kong SAR (X tons) and China (X tons) represented roughly X% of total imports in 2023. Singapore (X tons) ranks next in terms of the total imports with an X% share, followed by Malaysia (X%) and India (X%). Japan (X tons), Australia (X tons), South Korea (X tons), Vietnam (X tons), Thailand (X tons), Taiwan (Chinese) (X tons), the Philippines (X tons) and Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

From 2012 to 2023, the average annual rate of growth in terms of value in China amounted to 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-Pacific stood at $X per ton in 2023, dropping by X% against the previous year. In general, the import price, however, posted resilient growth. The pace of growth was the most pronounced in 2021 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 2022 to 2023, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, 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 2023, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform