In 2023, the total import value of cosmetics, skincare, and beauty products to Singapore amounted to 2.99 billion U.S. dollars. Singapore's cosmetics and personal care imports had more than doubled in the past ten years.
Leading cosmetics market to Singapore
Singapore imported approximately 1.34 billion U.S. dollars worth of cosmetics from France, making it the leading country for cosmetic imports to Singapore in 2023, followed by Japan and the USA. This is caused by the well-established beauty market and brands that originate from those countries.
The K-Beauty wave
The popularity of Korean beauty products has risen worldwide. Based on a survey conducted in 2021 on the origins of personal care products in Singapore, a majority of the respondents stated that they use K-beauty products since they meet their skincare needs. The rise in popularity could also be attributed to the marketing decisions the brands made towards the Asian demographic.
Total import value of the skincare and cosmetics market in Singapore from 2014 to 2023
(in billion U.S. dollars)
The source did not provide a date of publication. The date used is the date of last access,
The data is for the HS code 3304, cosmetic and toilet preparations; beauty, make-up and skin care preparations (excluding medicaments, including sunscreen or sun tan preparations), manicure or pedicure preparations).
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Trade Map. (September 4, 2024). Total import value of the skincare and cosmetics market in Singapore from 2014 to 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 09, 2024, from https://www.statista.com/statistics/655141/singapore-personal-care-cosmetics-market-total-import-value/
Trade Map. "Total import value of the skincare and cosmetics market in Singapore from 2014 to 2023 (in billion U.S. dollars)." Chart. September 4, 2024. Statista. Accessed November 09, 2024. https://www.statista.com/statistics/655141/singapore-personal-care-cosmetics-market-total-import-value/
Trade Map. (2024). Total import value of the skincare and cosmetics market in Singapore from 2014 to 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 09, 2024. https://www.statista.com/statistics/655141/singapore-personal-care-cosmetics-market-total-import-value/
Trade Map. "Total Import Value of The Skincare and Cosmetics Market in Singapore from 2014 to 2023 (in Billion U.S. Dollars)." Statista, Statista Inc., 4 Sep 2024, https://www.statista.com/statistics/655141/singapore-personal-care-cosmetics-market-total-import-value/
Trade Map, Total import value of the skincare and cosmetics market in Singapore from 2014 to 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/655141/singapore-personal-care-cosmetics-market-total-import-value/ (last visited November 09, 2024)
Total import value of the skincare and cosmetics market in Singapore from 2014 to 2023 (in billion U.S. dollars) [Graph], Trade Map, September 4, 2024. [Online]. Available: https://www.statista.com/statistics/655141/singapore-personal-care-cosmetics-market-total-import-value/
