Angola: Lip Make-Up Preparations Market 2024

Lip Make-Up Preparations Market Size in Angola

In 2022, the Angolan lip make-up preparations market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, recorded a dramatic decline. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Lip Make-Up Preparations Exports

Exports from Angola

In 2022, overseas shipments of lip make-up preparations were finally on the rise to reach X kg after three years of decline. In general, exports posted a prominent increase. The pace of growth was the most pronounced in 2014 with an increase of 1,140% against the previous year. Over the period under review, the exports attained the maximum at X kg in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, lip make-up preparations exports amounted to $X in 2022. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 5,570%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Portugal (X kg), Sao Tome and Principe (X kg) and the United States (X kg) were the main destinations of lip make-up preparations exports from Angola, together accounting for 92% of total exports.

From 2012 to 2022, the biggest increases were recorded for Sao Tome and Principe (with a CAGR of +28.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lip make-up preparations exported from Angola were France ($X), Sao Tome and Principe ($X) and the United States ($X), together accounting for 88% of total exports.

In terms of the main countries of destination, Sao Tome and Principe, with a CAGR of +33.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average lip make-up preparations export price amounted to $X per ton, which is down by -47% against the previous year. Over the period under review, the export price, however, recorded perceptible growth. The most prominent rate of growth was recorded in 2014 an increase of 357% against the previous year. The export price peaked at $X per ton in 2021, and then contracted dramatically in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+16.5%), while the prices for the other major destinations experienced mixed trend patterns.

Lip Make-Up Preparations Imports

Imports into Angola

After two years of decline, purchases abroad of lip make-up preparations increased by 23% to X tons in 2022. In general, imports, however, faced a dramatic slump. The growth pace was the most rapid in 2014 when imports increased by 35% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, lip make-up preparations imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a deep slump. The growth pace was the most rapid in 2015 with an increase of 75% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Portugal (X tons) constituted the largest lip make-up preparations supplier to Angola, with a 39% share of total imports. Moreover, lip make-up preparations imports from Portugal exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. The third position in this ranking was taken by Democratic Republic of the Congo (X kg), with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Portugal stood at -17.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-3.9% per year) and Democratic Republic of the Congo (-7.2% per year).

In value terms, the largest lip make-up preparations suppliers to Angola were Portugal ($X), the United Arab Emirates ($X) and France ($X), with a combined 44% share of total imports. Poland, India, South Africa, China, the United States, Spain, Democratic Republic of the Congo, Nigeria, Italy and Namibia lagged somewhat behind, together accounting for a further 35%.

In terms of the main suppliers, Poland, with a CAGR of +66.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average lip make-up preparations import price amounted to $X per ton, with a decrease of -3.2% against the previous year. Over the period under review, the import price, however, posted a resilient increase. The growth pace was the most rapid in 2015 an increase of 87% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then dropped slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Namibia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+29.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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