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

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

The Benelux market for beauty, make-up and skin care preparations expanded to $X in 2022, surging by 1.8% against the previous year. The total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.1% 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 +20.3% against 2020 indices. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

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

In value terms, production of beauty, make-up and skin care preparations skyrocketed to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 35% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Beauty, Make-Up And Skin Care Preparations

Exports in Benelux

In 2022, after two years of growth, there was decline in overseas shipments of beauty, make-up and skin care preparations, when their volume decreased by -0.1% to X tons. Total exports indicated prominent growth from 2012 to 2022: its volume 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, exports increased by +86.3% against 2015 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 42% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2021, and then declined modestly in the following year.

In value terms, exports of beauty, make-up and skin care preparations shrank to $X in 2022. Total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.1% against 2015 indices. The pace of growth was the most pronounced in 2018 when exports increased by 18%. The level of export peaked at $X in 2021, and then declined in the following year.

Exports by Country

The Netherlands represented the major exporter of beauty, make-up and skin care preparations in Benelux, with the volume of exports amounting to X tons, which was approx. 69% of total exports in 2022. Belgium (X tons) ranks second in terms of the total exports with a 25% share, followed by Luxembourg (6.2%).

Exports from the Netherlands increased at an average annual rate of +9.1% from 2012 to 2022. At the same time, Luxembourg (+17.6%) and Belgium (+2.0%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +17.6% from 2012-2022. From 2012 to 2022, the share of the Netherlands and Luxembourg increased by +12 and +3.8 percentage points, respectively.

In value terms, the Netherlands ($X), Belgium ($X) and Luxembourg ($X) were the countries with the highest levels of exports in 2022.

Luxembourg, with a CAGR of +13.5%, recorded the highest growth rate of the value of exports, among the main exporting countries 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 Benelux amounted to $X per ton, shrinking by -7.7% against the previous year. Overall, the export price showed a slight reduction. The most prominent rate of growth was recorded in 2014 when the export price increased by 28% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.5%), while the other leaders experienced a decline in the export price figures.

Imports of Beauty, Make-Up And Skin Care Preparations

Imports in Benelux

In 2022, overseas purchases of beauty, make-up and skin care preparations increased by 0.2% to X tons, rising for the sixth consecutive year after two years of decline. Total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +6.8% 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 +52.4% against 2016 indices. The pace of growth appeared the most rapid in 2013 with an increase of 22%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, imports of beauty, make-up and skin care preparations amounted to $X in 2022. Total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +7.4% 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 +55.2% against 2014 indices. The pace of growth was the most pronounced in 2018 when imports increased by 23% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

The Netherlands represented the largest importing country with an import of about X tons, which finished at 61% of total imports. It was distantly followed by Belgium (X tons), comprising a 37% share of total imports. Luxembourg (X tons) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Luxembourg (with a CAGR of +13.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Belgium ($X) and Luxembourg ($X) constituted the countries with the highest levels of imports in 2022.

In terms of the main importing countries, the Netherlands, with a CAGR of +11.6%, saw 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 Benelux stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 11%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Luxembourg ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+1.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform