Bangladesh: Lip Make-Up Preparations Market 2025

Lip Make-Up Preparations Market Size in Bangladesh

The Bangladeshi lip make-up preparations market declined significantly to $X in 2022, shrinking by -22.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, enjoyed a buoyant expansion. Lip make-up preparations consumption peaked at $X in 2021, and then fell sharply in the following year.

Lip Make-Up Preparations Exports

Exports from Bangladesh

In 2022, overseas shipments of lip make-up preparations were finally on the rise to reach X kg after two years of decline. Overall, exports recorded a strong expansion. The growth pace was the most rapid in 2015 with an increase of 1,168% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, lip make-up preparations exports soared to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when exports increased by 1,304%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Guatemala (X kg) was the main destination for lip make-up preparations exports from Bangladesh, accounting for a 59% share of total exports. Moreover, lip make-up preparations exports to Guatemala exceeded the volume sent to the second major destination, Germany (X kg), threefold. Luxembourg (X kg) ranked third in terms of total exports with a 4.1% share.

From 2012 to 2022, the average annual growth rate of volume to Guatemala was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+64.1% per year) and Luxembourg (+43.0% per year).

In value terms, Germany ($X) emerged as the key foreign market for lip make-up preparations exports from Bangladesh, comprising 39% of total exports. The second position in the ranking was held by Guatemala ($X), with a 12% share of total exports. It was followed by Spain, with a 2.4% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to +142.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (0.0% per year) and Spain (-24.9% per year).

Export Prices by Country

The average lip make-up preparations export price stood at $X per ton in 2022, falling by -17% against the previous year. Overall, the export price saw a pronounced reduction. The pace of growth was the most pronounced in 2017 an increase of 70%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Guatemala ($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 Germany (+47.8%), while the prices for the other major destinations experienced more modest paces of growth.

Lip Make-Up Preparations Imports

Imports into Bangladesh

In 2022, approx. X tons of lip make-up preparations were imported into Bangladesh; shrinking by -22.3% compared with 2021 figures. In general, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 104%. Over the period under review, imports reached the peak figure 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 contracted significantly to $X in 2022. Over the period under review, imports, however, saw resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 86% against the previous year. As a result, imports attained the peak of $X, and then dropped rapidly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of lip make-up preparations to Bangladesh, accounting for a 63% share of total imports. Moreover, lip make-up preparations imports from China exceeded the figures recorded by the second-largest supplier, the UK (X tons), fivefold. Turkey (X tons) ranked third in terms of total imports with a 7.4% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+50.5% per year) and Turkey (+10.8% per year).

In value terms, China ($X), Turkey ($X) and India ($X) were the largest lip make-up preparations suppliers to Bangladesh, with a combined 54% share of total imports.

India, with a CAGR of +73.2%, 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

In 2022, the average lip make-up preparations import price amounted to $X per ton, standing approx. at the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 42%. As a result, import price attained the peak level of $X per ton. From 2014 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 Germany ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+19.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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