Australia: Lip Make-Up Preparations Market 2024

Lip Make-Up Preparations Market Size in Australia

The Australian lip make-up preparations market was finally on the rise to reach $X in 2022, after three years of decline. The market value increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Lip make-up preparations consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Lip Make-Up Preparations Production in Australia

In value terms, lip make-up preparations production soared to $X in 2022 estimated in export price. In general, production, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 244% against the previous year. Lip make-up preparations production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Lip Make-Up Preparations Exports

Exports from Australia

In 2022, after two years of growth, there was significant decline in overseas shipments of lip make-up preparations, when their volume decreased by -31.6% to X tons. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 50%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, lip make-up preparations exports reduced sharply to $X in 2022. Overall, exports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2015 when exports increased by 73%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X tons) was the main destination for lip make-up preparations exports from Australia, with a 72% share of total exports. Moreover, lip make-up preparations exports to New Zealand exceeded the volume sent to the second major destination, the United States (X tons), eightfold. The United Arab Emirates (X tons) ranked third in terms of total exports with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume to New Zealand amounted to -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+10.3% per year) and the United Arab Emirates (+41.3% per year).

In value terms, New Zealand ($X) remains the key foreign market for lip make-up preparations exports from Australia, comprising 72% of total exports. The second position in the ranking was held by the United States ($X), with a 9.2% share of total exports. It was followed by the United Arab Emirates, with a 4.5% share.

From 2012 to 2022, the average annual growth rate of value to New Zealand stood at +15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+14.7% per year) and the United Arab Emirates (+46.7% per year).

Export Prices by Country

The average lip make-up preparations export price stood at $X per ton in 2022, jumping by 17% against the previous year. In general, the export price recorded buoyant growth. The growth pace was the most rapid in 2018 when the average export price increased by 72% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Hong Kong SAR ($X per ton) and the UK ($X per ton), while the average price for exports to Singapore ($X per ton) and the United States ($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 New Zealand (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.

Lip Make-Up Preparations Imports

Imports into Australia

In 2022, supplies from abroad of lip make-up preparations increased by 2.9% to X tons, rising for the second consecutive year after five years of decline. Overall, imports, however, continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2015 when imports increased by 12%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, lip make-up preparations imports rose markedly to $X in 2022. Over the period under review, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.6% 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 +30.5% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 21% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), the United States (X tons) and France (X tons) were the main suppliers of lip make-up preparations imports to Australia, with a combined 72% share of total imports. Italy, the UK, Canada, South Korea and Thailand lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +37.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of lip make-up preparations to Australia, comprising 38% of total imports. The second position in the ranking was held by France ($X), with a 16% share of total imports. It was followed by Italy, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+7.7% per year) and Italy (+22.0% per year).

Import Prices by Country

In 2022, the average lip make-up preparations import price amounted to $X per ton, rising by 10% against the previous year. Overall, the import price posted a remarkable increase. The growth pace was the most rapid in 2018 an increase of 77%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+38.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :