Singapore - Beauty, Make-Up And Skin Care Preparations - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 17, 2024

Singapore - Beauty, Make-Up And Skin Care Preparations - Market Analysis, Forecast, Size, Trends And Insights

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Price for Beauty, Make-Up and Skin Care Preparations in Singapore - 2022

Contents:

  1. Price for Beauty, Make-Up and Skin Care Preparations in Singapore (FOB) - 2022
  2. Price for Beauty, Make-Up and Skin Care Preparations in Singapore (CIF) - 2022
  3. Exports of Beauty, Make-Up and Skin Care Preparations in Singapore
  4. Imports of Beauty, Make-Up and Skin Care Preparations in Singapore

Price for Beauty, Make-Up and Skin Care Preparations in Singapore (FOB) - 2022

In 2022, the average export price for beauty, make-up and skin care preparations amounted to $23,530 per ton, increasing by 5.5% against the previous year. Over the period under review, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +6.6% 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 +14.3% against 2020 indices. The pace of growth was the most pronounced in 2014 an increase of 37% against the previous year. Over the period under review, the average export prices hit record highs at $23,805 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Australia ($23,535 per ton) and Japan ($23,535 per ton), while the average price for exports to Malaysia ($23,535 per ton) and China ($23,535 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 (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Beauty, Make-Up and Skin Care Preparations in Singapore (CIF) - 2022

The average import price for beauty, make-up and skin care preparations stood at $79,638 per ton in 2022, surging by 203% against the previous year. Overall, the import price recorded a buoyant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($27,893 per ton), while the price for Malaysia ($12,803 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Beauty, Make-Up and Skin Care Preparations in Singapore

In 2022, overseas shipments of beauty, make-up and skin care preparations decreased by -9% to 234K tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +2.6% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 21% against the previous year. As a result, the exports reached the peak of 263K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of beauty, make-up and skin care preparations declined slightly to $5.5B in 2022. The total export value increased at an average annual rate of +3.6% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 9.2%.

Export of Beauty, Make-Up and Skin Care Preparations in Singapore (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1,4202,2002,6232,63722.9%
South Korea1,4161,4351,5651,4671.2%
Hong Kong SAR647868715521-7.0%
Taiwan (Chinese)190126129155-6.6%
Japan263141140120-23.0%
Thailand374157109117-32.1%
Indonesia135106108105-8.0%
Malaysia16411710392.0-17.5%
Others342255251299-4.4%
Total4,9525,4055,7425,5133.6%

Top Export Markets for Beauty, Make-Up and Skin Care Preparations from Singapore in 2022:

  1. China (112.0K tons)
  2. South Korea (62.4K tons)
  3. Hong Kong SAR (22.1K tons)
  4. Taiwan (Chinese) (6.6K tons)
  5. Japan (5.1K tons)
  6. Thailand (5.0K tons)
  7. Indonesia (4.5K tons)
  8. Malaysia (3.9K tons)

Imports of Beauty, Make-Up and Skin Care Preparations in Singapore

In 2022, overseas purchases of beauty, make-up and skin care preparations decreased by -66.4% to 34K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports faced a sharp shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 1.5%.

In value terms, imports of beauty, make-up and skin care preparations totaled $2.7B in 2022. The total import value increased at an average annual rate of +3.5% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 9% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.

Import of Beauty, Make-Up and Skin Care Preparations in Singapore (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
France9751,0791,1211,1034.2%
Japan39747467671821.8%
United States365303272264-10.2%
South Korea185195166166-3.5%
United Kingdom10157.355.849.8-21.0%
Thailand20.731.046.643.227.8%
Italy24.115.721.043.121.4%
China79.169.839.541.9-19.1%
Malaysia33.831.833.933.7-0.1%
Others232165207218-2.1%
Total2,4132,4212,6392,6793.5%

Top Suppliers of Beauty, Make-Up and Skin Care Preparations to Singapore in 2022:

  1. France (39.5K tons)
  2. Japan (25.7K tons)
  3. United States (9.5K tons)
  4. South Korea (5.9K tons)
  5. Malaysia (2.6K tons)
  6. United Kingdom (1.8K tons)
  7. China (1.6K tons)
  8. Italy (1.5K tons)
  9. Thailand (1.5K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for beauty, make-up and skin care preparations in Singapore. 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 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:

    Data coverage:

    • Market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Trade (exports and imports) in Singapore
    • 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:

    1. How to diversify your business and benefit from new market opportunities
    2. How to load your idle production capacity
    3. How to boost your sales on overseas markets
    4. How to increase your profit margins
    5. How to make your supply chain more sustainable
    6. How to reduce your production and supply chain costs
    7. How to outsource production to other countries
    8. 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.

    1. 1. INTRODUCTION

      Making Data-Driven Decisions to Grow Your Business

      1. REPORT DESCRIPTION
      2. RESEARCH METHODOLOGY AND AI PLATFORM
      3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
      4. GLOSSARY AND SPECIFIC TERMS
    2. 2. EXECUTIVE SUMMARY

      A Quick Overview of Market Performance

      1. KEY FINDINGS
      2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
    3. 3. MARKET OVERVIEW

      Understanding the Current State of The Market and Its Prospects

      1. MARKET SIZE
      2. MARKET STRUCTURE
      3. TRADE BALANCE
      4. PER CAPITA CONSUMPTION
      5. MARKET FORECAST TO 2030
    4. 4. MOST PROMISING PRODUCT

      Finding New Products to Diversify Your Business

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
      2. BEST-SELLING PRODUCTS
      3. MOST CONSUMED PRODUCT
      4. MOST TRADED PRODUCT
      5. MOST PROFITABLE PRODUCT FOR EXPORT
    5. 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
      1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
      2. TOP PRODUCING COUNTRIES
      3. TOP EXPORTING COUNTRIES
      4. LOW-COST EXPORTING COUNTRIES
    6. 6. MOST PROMISING OVERSEAS MARKETS

      Choosing the Best Countries to Boost Your Exports

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
      2. TOP CONSUMING MARKETS
      3. UNSATURATED MARKETS
      4. TOP IMPORTING MARKETS
      5. MOST PROFITABLE MARKETS
    7. 7. PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE
    8. 8. IMPORTS

      The Largest Import Supplying Countries

      1. IMPORTS FROM 2012–2023
      2. IMPORTS BY COUNTRY
      3. IMPORT PRICES BY COUNTRY
    9. 9. EXPORTS

      The Largest Destinations for Exports

      1. EXPORTS FROM 2012–2023
      2. EXPORTS BY COUNTRY
      3. EXPORT PRICES BY COUNTRY
    10. 10. PROFILES OF MAJOR PRODUCERS

      The Largest Producers on The Market and Their Profiles

      This Chapter is Available Only for the Professional Edition PRO
    11. LIST OF TABLES

      1. Key Findings In 2023
      2. Market Volume, In Physical Terms, 2012–2023
      3. Market Value, 2012–2023
      4. Per Capita Consumption In 2012-2023
      5. Imports, In Physical Terms, By Country, 2012–2023
      6. Imports, In Value Terms, By Country, 2012–2023
      7. Import Prices, By Country Of Origin, 2012–2023
      8. Exports, In Physical Terms, By Country, 2012–2023
      9. Exports, In Value Terms, By Country, 2012–2023
      10. Export Prices, By Country Of Destination, 2012–2023
    12. LIST OF FIGURES

      1. Market Volume, In Physical Terms, 2012–2023
      2. Market Value, 2012–2023
      3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
      4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
      5. Trade Balance, In Physical Terms, 2012-2023
      6. Trade Balance, In Value Terms, 2012-2023
      7. Per Capita Consumption, 2012-2023
      8. Market Volume Forecast to 2030
      9. Market Value Forecast to 2030
      10. Products: Market Size And Growth, By Type
      11. Products: Average Per Capita Consumption, By Type
      12. Products: Exports And Growth, By Type
      13. Products: Export Prices And Growth, By Type
      14. Production Volume And Growth
      15. Exports And Growth
      16. Export Prices And Growth
      17. Market Size And Growth
      18. Per Capita Consumption
      19. Imports And Growth
      20. Import Prices
      21. Production, In Physical Terms, 2012–2023
      22. Production, In Value Terms, 2012–2023
      23. Imports, In Physical Terms, 2012–2023
      24. Imports, In Value Terms, 2012–2023
      25. Imports, In Physical Terms, By Country, 2023
      26. Imports, In Physical Terms, By Country, 2012–2023
      27. Imports, In Value Terms, By Country, 2012–2023
      28. Import Prices, By Country Of Origin, 2012–2023
      29. Exports, In Physical Terms, 2012–2023
      30. Exports, In Value Terms, 2012–2023
      31. Exports, In Physical Terms, By Country, 2023
      32. Exports, In Physical Terms, By Country, 2012–2023
      33. Exports, In Value Terms, By Country, 2012–2023
      34. Export Prices, By Country Of Destination, 2012–2023
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