Cameroon: Lip Make-Up Preparations Market 2024

Lip Make-Up Preparations Market Size in Cameroon

In 2022, the Cameroonian lip make-up preparations market decreased by -0.2% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption saw a deep contraction. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Lip Make-Up Preparations Production in Cameroon

In value terms, lip make-up preparations production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2015 when the production volume increased by 23% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Lip Make-Up Preparations Exports

Exports from Cameroon

Lip make-up preparations exports from Cameroon skyrocketed to X kg in 2022, increasing by 23% against the previous year. In general, exports recorded resilient growth. The pace of growth appeared the most rapid in 2020 with an increase of 2,994% against the previous year. As a result, the exports reached the peak of X kg. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, lip make-up preparations exports surged to $X in 2022. Over the period under review, exports, however, showed a pronounced slump. The most prominent rate of growth was recorded in 2020 with an increase of 3,001% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cyprus (X kg) was the main destination for lip make-up preparations exports from Cameroon, with a 83% share of total exports. Moreover, lip make-up preparations exports to Cyprus exceeded the volume sent to the second major destination, Switzerland (X kg), more than tenfold. The third position in this ranking was taken by France (X kg), with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cyprus totaled +39.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+750.0% per year) and France (+225.0% per year).

In value terms, Cyprus ($X) remains the key foreign market for lip make-up preparations exports from Cameroon, comprising 67% of total exports. The second position in the ranking was taken by Switzerland ($X), with a 5.7% share of total exports. It was followed by France, with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Cyprus amounted to +31.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+1,768.8% per year) and France (+117.6% per year).

Export Prices by Country

In 2022, the average lip make-up preparations export price amounted to $X per ton, reducing by -1.7% against the previous year. Over the period under review, the export price showed a deep slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 195% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Cyprus ($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 Switzerland (+119.9%), while the prices for the other major destinations experienced a decline.

Lip Make-Up Preparations Imports

Imports into Cameroon

In 2022, after four years of growth, there was decline in supplies from abroad of lip make-up preparations, when their volume decreased by -4.9% to X tons. Overall, imports, however, showed significant growth. The pace of growth was the most pronounced in 2013 with an increase of 472%. Imports peaked at X tons in 2021, and then fell slightly in the following year.

In value terms, lip make-up preparations imports fell slightly to $X in 2022. In general, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 232%. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, China (X tons) was the main lip make-up preparations supplier to Cameroon, with a 93% share of total imports. Moreover, lip make-up preparations imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China stood at +56.9%.

In value terms, China ($X) constituted the largest supplier of lip make-up preparations to Cameroon, comprising 78% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 15% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +42.3%.

Import Prices by Country

The average lip make-up preparations import price stood at $X per ton in 2022, picking up by 3% against the previous year. In general, the import price, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2018 when the average import price increased by 49% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-1.0%).

Source: IndexBox Platform