The Malaysian Medical Beauty / Personal Care Market:
Malaysia is a key market in SE-Asia for the Cosmetics and Personal Care Products - due to its:
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Central location and sophisticated business climate
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There are no taxes or duties on all medical devices, health products and cosmetics
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Strong government backed promotions to promote Malaysia as a
major shopping destination
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Large and growing domestic market.
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Stable and strong economic growth indicators
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Recent figures indicate that the market is valued at USD352 mil, Singapore - USD351 mil and Thailand - USD620 million.
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There are 22 local cosmetic and toiletries manufacturers.
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Malaysia is growing into a export centre for quality personal care products - main export markets being: Singapore, HongKong, Thailand, Japan and Australia.
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Open market without trade barriers - main import locations: Thailand, USA, France, China and Japan.
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AFTA has removed barriers and duties for intra-ASEAN trade.
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Medical Beauty, Healthcare and Personal Care, Healthcentre - Fitness Equipment are becoming big business in Malaysia / SE-Asia. With rising incomes and sophistication the market is expected to maintain the current robust trend.
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