Hong Kong SAR, China - Cosmetics - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCosmetics Price in Hong Kong SAR - 2023
Contents:
- Cosmetics Price in Hong Kong SAR (CIF) - 2022
- Cosmetics Price in Hong Kong SAR (FOB) - 2022
- Cosmetics Imports in Hong Kong SAR
- Cosmetics Exports in Hong Kong SAR
Cosmetics Price in Hong Kong SAR (CIF) - 2022
In 2022, the average cosmetics import price amounted to $29,226 per ton, stabilizing at the previous year. Over the last decade, it increased at an average annual rate of +4.7%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 16%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from France ($30,222 per ton) and China ($30,148 per ton), while the price for Switzerland ($28,769 per ton) and South Korea ($28,965 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Cosmetics Price in Hong Kong SAR (FOB) - 2022
The average cosmetics export price stood at $28,780 per ton in 2022, growing by 5.9% against the previous year. In general, the export price recorded resilient growth. The growth pace was the most rapid in 2018 an increase of 23%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Australia ($30,257 per ton) and Macao SAR ($29,546 per ton), while the average price for exports to Taiwan (Chinese) ($27,726 per ton) and Japan ($27,917 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.
Cosmetics Imports in Hong Kong SAR
In 2022, purchases abroad of cosmetics decreased by -15.7% to 213K tons, falling for the second year in a row after two years of growth. Over the period under review, total imports indicated a noticeable increase from 2019 to 2022: its volume increased at an average annual rate of +3.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -26.8% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 53% against the previous year. As a result, imports attained the peak of 290K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, cosmetics imports contracted to $6.2B in 2022. The total import value increased at an average annual rate of +7.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 44% against the previous year.
Import of Cosmetics in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Korea | 912 | 3,223 | 3,344 | 3,149 | 51.1% |
Singapore | 781 | 975 | 837 | 613 | -7.8% |
Japan | 752 | 622 | 620 | 548 | -10.0% |
Switzerland | 323 | 458 | 375 | 423 | 9.4% |
China | 613 | 413 | 462 | 348 | -17.2% |
United States | 397 | 397 | 311 | 216 | -18.4% |
France | 366 | 283 | 284 | 193 | -19.2% |
Others | 879 | 865 | 1,043 | 720 | -6.4% |
Total | 5,023 | 7,234 | 7,275 | 6,211 | 7.3% |
Top Suppliers of Cosmetics to Hong Kong SAR in 2022:
- South Korea (108.7K tons)
- Singapore (20.6K tons)
- Japan (18.7K tons)
- Switzerland (14.7K tons)
- China (11.6K tons)
- United States (7.4K tons)
- France (6.4K tons)
Cosmetics Exports in Hong Kong SAR
After three years of growth, shipments abroad of cosmetics decreased by -20.5% to 132K tons in 2022. The total export volume increased at an average annual rate of +2.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 33%.
In value terms, cosmetics exports contracted dramatically to $3.8B in 2022. The total export value increased at an average annual rate of +6.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 31% against the previous year.
Export of Cosmetics in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1,974 | 2,657 | 2,829 | 2,533 | 8.7% |
Macao SAR | 679 | 994 | 1,236 | 829 | 6.9% |
Japan | 162 | 174 | 156 | 106 | -13.2% |
United States | 62.4 | 69.3 | 53.4 | 85.7 | 11.2% |
Taiwan (Chinese) | 25.6 | 29.2 | 49.5 | 55.1 | 29.1% |
Others | 209 | 153 | 185 | 188 | -3.5% |
Total | 3,112 | 4,076 | 4,509 | 3,798 | 6.9% |
Top Export Markets for Cosmetics from Hong Kong SAR in 2022:
- China (88.8K tons)
- Macao SAR (28.1K tons)
- Japan (3.8K tons)
- United States (3.0K tons)
- Taiwan (Chinese) (2.0K tons)
This report provides an in-depth analysis of the cosmetics market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20421250 - Lip make-up preparations
- Prodcom 20421270 - Eye make-up preparations
- Prodcom 20421300 - Manicure or pedicure preparations
- Prodcom 20421400 - Powders, whether or not compressed, for cosmetic use (including talcum powder)
- Prodcom 20421500 - Beauty, make-up and skin care preparations including suntan (excluding medicaments, lip and eye make-up, manicure and pedicure preparations, powders for cosmetic use and talcum powder)
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the cosmetics market in Hong Kong SAR, China.
This report provides an in-depth analysis of the eye make-up preparations market in Hong Kong SAR, China.
This report provides an in-depth analysis of the lip make-up preparations market in Hong Kong SAR, China.
This report provides an in-depth analysis of the market for manicure or pedicure preparations in Hong Kong SAR, China.
This report provides an in-depth analysis of the market for talcum and cosmetic powder in Hong Kong SAR, China.
This report provides an in-depth analysis of the market for beauty, make-up and skin care preparations in Hong Kong SAR, China.
This report provides an in-depth analysis of the global cosmetics market.
This report provides an in-depth analysis of the global eye make-up preparations market.
This report provides an in-depth analysis of the global lip make-up preparations market.
This report provides an in-depth analysis of the global market for manicure or pedicure preparations.
In January 2023, Cosmetics saw a significant 81% month-on-month growth in imports. By October 2023, the value of cosmetics imports slightly contracted to $425M.
In January 2023, the cosmetics industry experienced the highest rate of growth, with a significant 81% month-on-month increase. However, by September 2023, the value of cosmetics imports had declined to $438M.
During the review period, Talcum and Cosmetic Powder imports reached a peak of 4.1K tons in 2021, but saw a decline in momentum from 2022 to 2023. In terms of value, imports soared to $97M in 2023.
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