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MALAYSIA'S cosmetic and toiletries sales, estimated at RM 2.283bil
this year, is expected to continue its upward trend in the next couple of years,
the global uncertainties notwithstanding, said Deputy Domestice Trade and Consumer
Affairs Minister Datuk S. Subramaniam.
However, Subramaniam said that if one were to just take cosmetics
alone, a slight dip was expected this year. He declined to say if this was due to
weak consumer spending.
"When I said there is an upward trend in this category of products, health-related
products are also included in this sector but if one were to consider just cosmetics
alone, then there is a dip," Subramaniam said after launching the country's
inaugural beauty exhibition Beauty 2001 in Kuala Lumpur yesterday.
He said that besides make-up, the sector also included baby products, hair-care,
men's shaving products, oral hygiene, perfume and health-related products and services.
"Although sales may be impacted by the current global economic uncertainty,
with global economic uncertainty, with consumers being more cautions about spending
research shows there is great interest in bath and shower products. This category
now represents close to 20% of the total cosmetics and toiletry sales in the country
and interest is climbing," Subramaniam said.
On a regional basis, Subramaniam said Asia was expected to account for close to 40%
of the world's sales as markets in western Europe and the US approached maturity.
Featuring 74 exhibitors, 120 brands with 13,000 products, the exhibition is expected
to attract10,000 visitors.
Interexpo (M) Sdn Bhd chief executive officer Mak Weng Kit said that 40% of the exhibitors
were involved in hair-care, 20% in facial services and products, 20% fitness and
slimming and 20% fragrances, toiletries and accessories.
Interexpo is co-organising the event with the Cosmetic, Toiletry and Fragrance Association
(CTFA)
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