Australia and Oceania: Market for Beauty, Make-Up And Skin Care Preparations 2024

Market Size for Beauty, Make-Up And Skin Care Preparations in Australia and Oceania

The market for beauty, make-up and skin care preparations in Australia and Oceania surged to $X in 2022, jumping by 27% against the previous year. The total consumption indicated perceptible growth from 2012 to 2022: its value 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, consumption increased by +37.0% against 2020 indices. The level of consumption peaked in 2022 and is likely to see steady growth in years to come.

Production of Beauty, Make-Up And Skin Care Preparations in Australia and Oceania

In value terms, production of beauty, make-up and skin care preparations dropped slightly to $X in 2022 estimated in export price. In general, production showed a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 77% against the previous year. The level of production peaked at $X in 2019; afterwards, it flattened through to 2022.

Exports of Beauty, Make-Up And Skin Care Preparations

Exports in Australia and Oceania

In 2022, shipments abroad of beauty, make-up and skin care preparations decreased by -10.1% to X tons, falling for the second year in a row after two years of growth. Total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -14.8% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of 29%. Over the period under review, the exports of reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of beauty, make-up and skin care preparations expanded sharply to $X in 2022. In general, exports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 27% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, Australia (X tons) represented the major exporter of beauty, make-up and skin care preparations, comprising 80% of total exports. It was distantly followed by New Zealand (X tons), constituting a 17% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to beauty, make-up and skin care preparations exports from Australia stood at +5.0%. At the same time, New Zealand (+6.7%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +6.7% from 2012-2022. While the share of New Zealand (+2.1 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (-3.1 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest beauty, make-up and skin care preparations supplier in Australia and Oceania, comprising 81% of total exports. The second position in the ranking was taken by New Zealand ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia amounted to +9.7%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, surging by 22% against the previous year. Export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for beauty, make-up and skin care preparations increased by +32.6% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 24% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+4.5%).

Imports of Beauty, Make-Up And Skin Care Preparations

Imports in Australia and Oceania

In 2022, overseas purchases of beauty, make-up and skin care preparations increased by 2.3% to X tons, rising for the second consecutive year after five years of decline. In general, imports, however, saw a slight setback. The pace of growth was the most pronounced in 2013 when imports increased by 20%. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of beauty, make-up and skin care preparations expanded markedly to $X in 2022. Total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +22.9% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 27% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Australia (X tons) was the key importer of beauty, make-up and skin care preparations, comprising 75% of total imports. It was distantly followed by New Zealand (X tons), constituting a 19% share of total imports. The following importers - New Caledonia (X tons) and Fiji (X tons) - each finished at a 4.3% share of total imports.

Imports into Australia decreased at an average annual rate of -2.4% from 2012 to 2022. At the same time, New Caledonia (+9.8%), New Zealand (+4.6%) and Fiji (+3.8%) displayed positive paces of growth. Moreover, New Caledonia emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +9.8% from 2012-2022. While the share of New Zealand (+8.2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Australia (-9.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported beauty, make-up and skin care preparations in Australia and Oceania, comprising 78% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 19% share of total imports. It was followed by New Caledonia, with a 1.2% share.

In Australia, imports of beauty, make-up and skin care preparations increased at an average annual rate of +7.1% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+7.5% per year) and New Caledonia (+8.4% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, increasing by 6.8% against the previous year. Overall, the import price continues to indicate a prominent increase. The growth pace was the most rapid in 2018 when the import price increased by 38% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is likely to continue growth in years to come.

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 Australia ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+9.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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