With the improvement of the overall technological innovation capability and the maturity and efficiency of the supply chain, China's cosmetics are gradually meeting the individual needs of consumers around the world. According to data released by the General Administration of Customs of China, the export volume of cosmetics in China in the first three quarters of 2020 was 75.25%. 10,000 tons, an increase of 3.5% year-on-year, and the export value reached 3.139 billion US dollars.
According to data released by Tmall International, cross-border beauty sales have increased by more than 10 times. From November 1st to 3rd, 2020, more than 7 million users from more than 200 countries and regions around the world logged on to the e-commerce platform to purchase Chinese beauty products. , two of the top five countries are from Southeast Asia, namely Indonesia and Singapore. Compared with the European and American markets, the Southeast Asian market has certain similarities with China in terms of culture and population.
According to a Mintel report, it is estimated that by 2025, the beauty and beauty market in Southeast Asia will reach 304.8 billion yuan, with a compound annual growth rate that may be higher than that of the Chinese market. In this 100 billion-level market to be developed, the cosmetics industry is developing rapidly relying on e-commerce platforms such as Lazada and Shopee, which is an excellent opportunity for China's cosmetics industry to export.
Southeast Asian cosmetics industry market:
Due to the large number of island countries in Southeast Asia with diverse ethnicities, religions and cultures, and a huge young consumer group, influenced by the global beauty trend, European and American styles, Japanese and Korean styles are in great demand in Southeast Asia.
Taking the six major markets in Southeast Asia as an example, the demand for beauty in Indonesia, the Philippines, Thailand, and Vietnam has grown rapidly. Among them, the Indonesian and Vietnamese markets have achieved a growth rate of more than 100% in 2019, which is suitable for businesses with rich categories. The Malaysian market is relatively mature, and consumers are highly receptive to overseas and cross-border brands, making it easier for new merchants to enter the market.
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