Asia: Lip Make-Up Preparations Market 2024

Lip Make-Up Preparations Market Size in Asia

The Asian lip make-up preparations market reduced to $X in 2022, which is down by -9.9% against the previous year. The total consumption indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +9.9% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Lip Make-Up Preparations Production in Asia

In value terms, lip make-up preparations production reached $X in 2022 estimated in export price. The total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +7.9% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 30% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Lip Make-Up Preparations Exports

Exports in Asia

In 2022, overseas shipments of lip make-up preparations were finally on the rise to reach X tons after two years of decline. Overall, exports showed resilient growth. The pace of growth was the most pronounced in 2017 when exports increased by 38%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, lip make-up preparations exports rose modestly to $X in 2022. Over the period under review, exports recorded a buoyant increase. The growth pace was the most rapid in 2017 when exports increased by 45%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, China (X tons) represented the major exporter of lip make-up preparations, creating 59% of total exports. Singapore (X tons) held a 12% share (based on physical terms) of total exports, which put it in second place, followed by South Korea (11%) and Hong Kong SAR (5%). Taiwan (Chinese) (X tons), Turkey (X tons) and Thailand (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to lip make-up preparations exports from China stood at +7.2%. At the same time, South Korea (+26.8%), Hong Kong SAR (+12.2%), Thailand (+10.5%), Singapore (+9.1%) and Turkey (+5.5%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Asia, with a CAGR of +26.8% from 2012-2022. By contrast, Taiwan (Chinese) (-2.4%) illustrated a downward trend over the same period. South Korea (+9.1 p.p.) and Hong Kong SAR (+1.7 p.p.) significantly strengthened its position in terms of the total exports, while China and Taiwan (Chinese) saw its share reduced by -2.4% and -6.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X), China ($X) and South Korea ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising 74% of total exports.

Among the main exporting countries, South Korea, with a CAGR of +32.7%, 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 export price in Asia amounted to $X per ton, reducing by -4.3% against the previous year. Export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lip make-up preparations export price decreased by -8.6% against 2019 indices. The growth pace was the most rapid in 2018 when the export price increased by 16%. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+6.5%), while the other leaders experienced more modest paces of growth.

Lip Make-Up Preparations Imports

Imports in Asia

In 2022, approx. X tons of lip make-up preparations were imported in Asia; shrinking by -17.1% against 2021 figures. Overall, imports, however, posted a remarkable increase. The pace of growth was the most pronounced in 2016 when imports increased by 28% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, lip make-up preparations imports reduced remarkably to $X in 2022. In general, imports, however, saw a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of 54% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Macao SAR (X tons), Singapore (X tons), India (X tons), the United Arab Emirates (X tons), Hong Kong SAR (X tons), Malaysia (X tons), Japan (X tons), Indonesia (X tons), Turkey (X tons), Kazakhstan (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons) represented the largest importer of lip make-up preparations in Asia, making up 78% of total import. Qatar (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Macao SAR (with a CAGR of +47.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Macao SAR ($X) and Japan ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 30% share of total imports.

Among the main importing countries, Macao SAR, with a CAGR of +55.5%, 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 import price in Asia stood at $X per ton in 2022, with a decrease of -5.5% against the previous year. In general, the import price, however, posted a remarkable increase. The growth pace was the most rapid in 2017 an increase of 21%. Over the period under review, import prices reached the peak figure at $X per ton in 2021, and then dropped in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+8.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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