Argentina: Lip Make-Up Preparations Market 2024

Lip Make-Up Preparations Market Size in Argentina

The Argentinian lip make-up preparations market declined to $X in 2022, shrinking by -7.2% against the previous year. The market value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Lip Make-Up Preparations Production in Argentina

In value terms, lip make-up preparations production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 26% 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 from Argentina

In 2022, overseas shipments of lip make-up preparations were finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Overall, exports, however, showed a abrupt downturn. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, lip make-up preparations exports skyrocketed to $X in 2022. In general, exports, however, recorded a deep setback. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Mexico (X tons), Chile (X tons) and Uruguay (X tons) were the main destinations of lip make-up preparations exports from Argentina, together comprising 96% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +36.6%), while the other leaders experienced a decline.

In value terms, Mexico ($X) emerged as the key foreign market for lip make-up preparations exports from Argentina, comprising 58% of total exports. The second position in the ranking was taken by Chile ($X), with a 27% share of total exports. It was followed by Uruguay, with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Mexico stood at +38.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-10.1% per year) and Uruguay (-7.7% per year).

Export Prices by Country

The average lip make-up preparations export price stood at $X per ton in 2022, growing by 16% against the previous year. Overall, the export price saw resilient growth. The pace of growth appeared the most rapid in 2019 when the average export price increased by 51% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Uruguay ($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 Bolivia (+18.4%), while the prices for the other major destinations experienced more modest paces of growth.

Lip Make-Up Preparations Imports

Imports into Argentina

In 2022, purchases abroad of lip make-up preparations increased by 4.7% to X tons for the first time since 2017, thus ending a four-year declining trend. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 73%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, lip make-up preparations imports stood at $X in 2022. In general, imports enjoyed moderate growth. The pace of growth was the most pronounced in 2017 when imports increased by 83%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of lip make-up preparations to Argentina, accounting for a 43% share of total imports. Moreover, lip make-up preparations imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. Colombia (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+4.3% per year) and Colombia (+14.4% per year).

In value terms, the United States ($X), China ($X) and Brazil ($X) appeared to be the largest lip make-up preparations suppliers to Argentina, with a combined 57% share of total imports. Colombia, France, the UK, South Korea and Germany lagged somewhat behind, together accounting for a further 34%.

Among the main suppliers, South Korea, with a CAGR of +147.5%, recorded the highest growth rate of 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

The average lip make-up preparations import price stood at $X per ton in 2022, reducing by -4.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2019 an increase of 13% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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