Africa: Lip Make-Up Preparations Market 2024

Lip Make-Up Preparations Market Size in Africa

The African lip make-up preparations market contracted modestly to $X in 2022, reducing by -2.6% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Lip Make-Up Preparations Production in Africa

In value terms, lip make-up preparations production fell to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 20% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Lip Make-Up Preparations Exports

Exports in Africa

In 2022, overseas shipments of lip make-up preparations increased by 55% to X tons, rising for the second year in a row after three years of decline. Overall, exports, however, saw a deep slump. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, lip make-up preparations exports soared to $X in 2022. Over the period under review, exports, however, showed a abrupt slump. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa (X tons) represented roughly 95% of total exports in 2022.

South Africa was also the fastest-growing in terms of the lip make-up preparations exports, with a CAGR of -9.1% from 2012 to 2022. South Africa (-3.7 p.p.) significantly weakened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest lip make-up preparations supplier in Africa.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa amounted to -8.4%.

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, increasing by 5.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2017 when the export price increased by 21% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to +0.7% per year.

Lip Make-Up Preparations Imports

Imports in Africa

In 2022, supplies from abroad of lip make-up preparations increased by 12% to X tons, rising for the second consecutive year after three years of decline. In general, imports, however, recorded a slight downturn. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, lip make-up preparations imports amounted to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 13%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

South Africa was the key importer of lip make-up preparations in Africa, with the volume of imports resulting at X tons, which was near 45% of total imports in 2022. Morocco (X tons) held the second position in the ranking, distantly followed by Botswana (X tons). All these countries together took approx. 20% share of total imports. Algeria (X tons), Tunisia (X tons), Nigeria (X tons), Namibia (X tons), Ghana (X tons), Swaziland (X tons), Kenya (X tons), Libya (X tons), Egypt (X tons) and Rwanda (X tons) held a relatively small share of total imports.

South Africa was also the fastest-growing in terms of the lip make-up preparations imports, with a CAGR of +5.4% from 2012 to 2022. At the same time, Morocco (+4.5%) and Tunisia (+1.7%) displayed positive paces of growth. Rwanda experienced a relatively flat trend pattern. By contrast, Libya (-1.0%), Ghana (-3.0%), Swaziland (-3.4%), Kenya (-4.1%), Algeria (-5.2%), Botswana (-7.2%), Nigeria (-7.5%), Namibia (-12.2%) and Egypt (-18.2%) illustrated a downward trend over the same period. South Africa (+21 p.p.) and Morocco (+6.1 p.p.) significantly strengthened its position in terms of the total imports, while Algeria, Nigeria, Botswana, Namibia and Egypt saw its share reduced by -1.8%, -2.5%, -4.6%, -6% and -10.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported lip make-up preparations in Africa, comprising 42% of total imports. The second position in the ranking was held by Morocco ($X), with a 17% share of total imports. It was followed by Tunisia, with a 6% share.

In South Africa, lip make-up preparations imports increased at an average annual rate of +1.3% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Morocco (+7.8% per year) and Tunisia (-1.6% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, reducing by -7% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 18%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Libya ($X per ton), while Rwanda ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (+9.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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