Manicure Or Pedicure Sets Market

The article discusses the projected growth of the global market for manicure and pedicure sets and instruments, forecasting an increase in both volume and value over the next eight years. Key insights include trends in consumption, production, imports, and exports, highlighting countries with the highest levels of consumption, production, imports, and exports. Overall, the market is expected to see steady growth in the near future.

Market Forecast

Driven by increasing demand for manicure or pedicure sets and instruments worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +0.7% for the period from 2022 to 2030, which is projected to bring the market volume to 3B units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.5% for the period from 2022 to 2030, which is projected to bring the market value to $1.3B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Manicure Or Pedicure Sets And Instruments

In 2022, the amount of manicure or pedicure sets and instruments consumed worldwide reached 2.9B units, rising by 13% against the year before. The total consumption volume increased at an average annual rate of +2.5% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak volume and is likely to continue growth in the immediate term.

The global manicure or pedicure sets market revenue rose rapidly to $1.1B in 2022, increasing by 11% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Global consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Consumption By Country

The United States (615M units) constituted the country with the largest volume of manicure or pedicure sets consumption, accounting for 21% of total volume. Moreover, manicure or pedicure sets consumption in the United States exceeded the figures recorded by the second-largest consumer, India (274M units), twofold. The third position in this ranking was taken by Mexico (125M units), with a 4.4% share.

From 2012 to 2022, the average annual growth rate of volume in the United States stood at +14.6%. The remaining consuming countries recorded the following average annual rates of consumption growth: India (+5.2% per year) and Mexico (+6.0% per year).

In value terms, the United States ($198M), India ($124M) and Pakistan ($113M) were the countries with the highest levels of market value in 2022, together comprising 40% of the global market. Japan, Russia, Mexico, Belgium, France, the UK, Brazil, Chile, Colombia and Indonesia lagged somewhat behind, together comprising a further 28%.

Among the main consuming countries, Belgium, with a CAGR of +13.0%, saw the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of manicure or pedicure sets per capita consumption in 2022 were Belgium (4.8 units per 1000 persons), Chile (3.3 units per 1000 persons) and the United States (1.8 units per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Chile (with a CAGR of +16.6%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Manicure Or Pedicure Sets And Instruments

In 2022, global manicure or pedicure sets production rose to 2.7B units, increasing by 3.4% against 2021 figures. Overall, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 8.6% against the previous year. Global production peaked at 2.7B units in 2012; afterwards, it flattened through to 2022.

In value terms, manicure or pedicure sets production totaled $964M in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 15%. As a result, production attained the peak level of $1B. From 2018 to 2022, global production growth remained at a somewhat lower figure.

Production By Country

The country with the largest volume of manicure or pedicure sets production was China (1.8B units), comprising approx. 67% of total volume. Moreover, manicure or pedicure sets production in China exceeded the figures recorded by the second-largest producer, Pakistan (153M units), more than tenfold. India (135M units) ranked third in terms of total production with a 5% share.

In China, manicure or pedicure sets production remained relatively stable over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Pakistan (+0.6% per year) and India (-0.4% per year).

Imports

World Imports of Manicure Or Pedicure Sets And Instruments

In 2022, overseas purchases of manicure or pedicure sets and instruments increased by 18% to 2.4B units, rising for the sixth year in a row after two years of decline. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +5.7% 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 +72.9% against 2016 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 25% against the previous year. Over the period under review, global imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, manicure or pedicure sets imports rose modestly to $601M in 2022. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year. Over the period under review, global imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports By Country

The United States was the largest importing country with an import of around 625M units, which amounted to 26% of total imports. It was distantly followed by India (148M units), creating a 6.1% share of total imports. The UK (95M units), Mexico (84M units), Indonesia (78M units), Germany (67M units), Chile (65M units), the Netherlands (57M units), Colombia (54M units), Brazil (52M units), France (48M units), Russia (48M units) and Thailand (43M units) followed a long way behind the leaders.

Imports into the United States increased at an average annual rate of +14.5% from 2012 to 2022. At the same time, Chile (+17.7%), India (+15.0%), the Netherlands (+10.8%), Colombia (+10.7%), Indonesia (+10.6%), the UK (+7.1%), France (+2.8%) and Russia (+2.3%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in the world, with a CAGR of +17.7% from 2012-2022. Thailand, Germany and Mexico experienced a relatively flat trend pattern. By contrast, Brazil (-1.0%) illustrated a downward trend over the same period. The United States (+14 p.p.), India (+3.5 p.p.) and Chile (+1.8 p.p.) significantly strengthened its position in terms of the global imports, while Brazil, Germany and Mexico saw its share reduced by -2%, -2.1% and -2.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($147M) constitutes the largest market for imported manicure or pedicure sets and instruments worldwide, comprising 24% of global imports. The second position in the ranking was held by Germany ($38M), with a 6.3% share of global imports. It was followed by France, with a 3.8% share.

From 2012 to 2022, the average annual growth rate of value in the United States amounted to +5.5%. In the other countries, the average annual rates were as follows: Germany (-0.1% per year) and France (+2.5% per year).

Import Prices By Country

The average manicure or pedicure sets import price stood at $0.3 per unit in 2022, falling by -12.6% against the previous year. In general, the import price recorded a pronounced curtailment. The pace of growth was the most pronounced in 2018 an increase of 6%. As a result, import price reached the peak level of $0.3 per unit. From 2019 to 2022, the average 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 Germany ($0.6 per unit), while India ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+0.8%), while the other global leaders experienced mixed trends in the import price figures.

Exports

World Exports of Manicure Or Pedicure Sets And Instruments

For the fourth consecutive year, the global market recorded growth in overseas shipments of manicure or pedicure sets and instruments, which increased by 6.6% to 2.2B units in 2022. The total export volume increased at an average annual rate of +1.9% from 2012 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 2021 when exports increased by 25% against the previous year. Over the period under review, the global exports reached the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, manicure or pedicure sets exports expanded remarkably to $763M in 2022. Over the period under review, total exports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.5% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. Over the period under review, the global exports reached the maximum in 2022 and are likely to continue growth in years to come.

Exports By Country

China prevails in exports structure, reaching 1.8B units, which was near 81% of total exports in 2022. The following exporters - Germany (43M units), South Korea (40M units), Vietnam (37M units) and Pakistan (36M units) - each reached a 7% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to manicure or pedicure sets exports from China stood at +2.7%. At the same time, Vietnam (+13.5%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +13.5% from 2012-2022. Germany experienced a relatively flat trend pattern. By contrast, Pakistan (-6.9%) and South Korea (-8.3%) illustrated a downward trend over the same period. China (+5.9 p.p.) significantly strengthened its position in terms of the global exports, while Pakistan and South Korea saw its share reduced by -2.4% and -3.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($514M) remains the largest manicure or pedicure sets supplier worldwide, comprising 67% of global exports. The second position in the ranking was held by Germany ($44M), with a 5.7% share of global exports. It was followed by Vietnam, with a 2.7% share.

In China, manicure or pedicure sets exports increased at an average annual rate of +9.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (-2.0% per year) and Vietnam (+10.8% per year).

Export Prices By Country

The average manicure or pedicure sets export price stood at $0.3 per unit in 2022, flattening at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The pace of growth was the most pronounced in 2013 when the average export price increased by 12% against the previous year. Over the period under review, the average export prices reached the maximum at $0.4 per unit in 2015; however, from 2016 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 Germany ($1 per unit), while China ($0.3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.8%), while the other global leaders experienced mixed trends in the export price figures.

Source: IndexBox Market Intelligence Platform