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

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

After three years of decline, the Canadian market for beauty, make-up and skin care preparations increased by 1% to $X in 2022. Over the period under review, consumption showed a perceptible increase. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

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

In value terms, production of beauty, make-up and skin care preparations dropped modestly to $X in 2022 estimated in export price. In general, the total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.4% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 24% against the previous year. Over the period under review, production of reached the maximum level 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 from Canada

In 2022, shipments abroad of beauty, make-up and skin care preparations increased by 4.5% to X tons, rising for the fifth consecutive year after four years of decline. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 8.7% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of beauty, make-up and skin care preparations expanded sharply to $X in 2022. In general, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

The United States (X tons) was the main destination for exports of beauty, make-up and skin care preparations from Canada, accounting for a 70% share of total exports. Moreover, exports of beauty, make-up and skin care preparations to the United States exceeded the volume sent to the second major destination, the UK (X tons), eightfold. The third position in this ranking was taken by China (X tons), with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+14.6% per year) and China (+14.6% per year).

In value terms, the United States ($X) remains the key foreign market for beauty, make-up and skin care preparations exports from Canada, comprising 70% of total exports. The second position in the ranking was held by the UK ($X), with an 8.3% share of total exports. It was followed by China, with a 3% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+23.5% per year) and China (+23.5% per year).

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 7.6% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +7.5% 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 pace of growth was the most pronounced in 2021 an increase of 24% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Australia ($X per ton) and the United States ($X per ton), while the average price for exports to 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 recorded for supplies to Australia (+7.7%), 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 Canada

In 2022, overseas purchases of beauty, make-up and skin care preparations were finally on the rise to reach X tons after three years of decline. The total import volume increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by 9.9%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, imports of beauty, make-up and skin care preparations rose remarkably to $X in 2022. Overall, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.0% 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 +26.9% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 14%. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of beauty, make-up and skin care preparations to Canada, with a 59% share of total imports. Moreover, imports of beauty, make-up and skin care preparations from the United States exceeded the figures recorded by the second-largest supplier, France (X tons), fourfold. South Korea (X tons) ranked third in terms of total imports with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (+0.2% per year) and South Korea (+32.3% per year).

In value terms, the United States ($X) constituted the largest supplier of beauty, make-up and skin care preparations to Canada, comprising 59% of total imports. The second position in the ranking was held by France ($X), with a 14% share of total imports. It was followed by South Korea, with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+4.9% per year) and South Korea (+38.5% per year).

Import Prices by Country

In 2022, the average import price for beauty, make-up and skin care preparations amounted to $X per ton, with an increase of 2.5% against the previous year. Over the last decade, it increased at an average annual rate of +4.7%. The pace of growth was the most pronounced in 2021 an increase of 15%. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :