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

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

The Australian market for beauty, make-up and skin care preparations soared to $X in 2022, jumping by 30% against the previous year. Overall, the total consumption indicated a noticeable increase 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 +38.5% against 2020 indices. Consumption of peaked in 2022 and is likely to continue growth in the immediate term.

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

In value terms, production of beauty, make-up and skin care preparations dropped slightly to $X in 2022 estimated in export price. Over the period under review, production posted a prominent expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 77%. Over the period under review, production of attained the peak level at $X in 2019; afterwards, it flattened through to 2022.

Exports of Beauty, Make-Up And Skin Care Preparations

Exports from Australia

In 2022, overseas shipments of beauty, make-up and skin care preparations decreased by -15.6% to X tons, falling for the second consecutive year after two years of growth. In general, total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +5.0% 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 -20.4% against 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 29%. The exports peaked 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 stood at $X in 2022. Over the period under review, exports, however, continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2017 with an increase of 30%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

New Zealand (X tons), China (X tons) and the United States (X tons) were the main destinations of exports of beauty, make-up and skin care preparations from Australia, with a combined 50% share of total exports. The UK, Saudi Arabia, Hong Kong SAR, South Korea, the Netherlands, Japan, Taiwan (Chinese), Malaysia, the United Arab Emirates and Singapore lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +40.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for beauty, make-up and skin care preparations exported from Australia were New Zealand ($X), China ($X) and the United States ($X), together comprising 50% of total exports. The UK, Saudi Arabia, Hong Kong SAR, South Korea, the Netherlands, Japan, Taiwan (Chinese), Malaysia, the United Arab Emirates and Singapore lagged somewhat behind, together comprising a further 39%.

The Netherlands, with a CAGR of +37.2%, recorded the highest growth rate of the value of exports, among the main countries of destination 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 export price for beauty, make-up and skin care preparations amounted to $X per ton, rising by 24% against the previous year. In general, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% 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 +33.9% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 26% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Taiwan (Chinese) ($X per ton) and Saudi Arabia ($X per ton), while the average price for exports to Singapore ($X per ton) and New Zealand ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Beauty, Make-Up And Skin Care Preparations

Imports into Australia

In 2022, supplies from abroad of beauty, make-up and skin care preparations increased by 2.6% to X tons, rising for the second year in a row after five years of decline. In general, imports, however, saw a pronounced setback. The pace of growth appeared the most rapid in 2013 when imports increased by 22%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of beauty, make-up and skin care preparations totaled $X in 2022. Overall, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +7.1% 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 +22.6% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 28% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The United States (X tons), France (X tons) and Thailand (X tons) were the main suppliers of imports of beauty, make-up and skin care preparations to Australia, together accounting for 53% of total imports. South Korea, China, the UK, Canada, Italy, Germany, Japan, Switzerland, Sweden and New Zealand lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +17.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), France ($X) and Thailand ($X) were the largest beauty, make-up and skin care preparations suppliers to Australia, with a combined 53% share of total imports. South Korea, China, the UK, Canada, Italy, Germany, Japan, Switzerland, Sweden and New Zealand lagged somewhat behind, together accounting for a further 40%.

South Korea, with a CAGR of +26.5%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for beauty, make-up and skin care preparations stood at $X per ton in 2022, increasing by 7% against the previous year. In general, the import price continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2018 when the average import price increased by 47%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($X per ton) and Canada ($X per ton), while the price for South Korea ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+23.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :