China: Eye Make-Up Preparations Market 2024

Eye Make-Up Preparations Market Size in China

In 2022, the Chinese eye make-up preparations market decreased by -0.8% to $X, falling for the second year in a row after four years of growth. In general, the total consumption indicated a resilient increase from 2012 to 2022: its value 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, consumption decreased by -2.6% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Eye Make-Up Preparations Production in China

In value terms, eye make-up preparations production declined to $X in 2022 estimated in export price. In general, the total production indicated a remarkable increase 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, production increased by +2.7% against 2020 indices. The growth pace was the most rapid in 2016 when the production volume increased by 34% against the previous year. Eye make-up preparations production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Eye Make-Up Preparations Exports

Exports from China

In 2022, the amount of eye make-up preparations exported from China shrank to X tons, dropping by -7.1% compared with the previous year's figure. Over the period under review, exports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2017 with an increase of 45% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, eye make-up preparations exports reached $X in 2022. In general, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 31% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

The United States (X tons) was the main destination for eye make-up preparations exports from China, accounting for a 32% share of total exports. Moreover, eye make-up preparations exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), fourfold. The Netherlands (X tons) ranked third in terms of total exports with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+7.1% per year) and the Netherlands (+25.9% per year).

In value terms, the United States ($X) remains the key foreign market for eye make-up preparations exports from China, comprising 32% of total exports. The second position in the ranking was taken by the UK ($X), with a 7.3% share of total exports. It was followed by Japan, with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+10.7% per year) and Japan (+5.2% per year).

Export Prices by Country

In 2022, the average eye make-up preparations export price amounted to $X per ton, picking up by 16% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Mexico ($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 the United Arab Emirates (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.

Eye Make-Up Preparations Imports

Imports into China

In 2022, imports of eye make-up preparations into China contracted dramatically to X tons, dropping by -28.5% compared with the previous year's figure. Over the period under review, imports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2019 with an increase of 29%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, eye make-up preparations imports dropped to $X in 2022. In general, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 54%. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Japan (X tons) constituted the largest eye make-up preparations supplier to China, with a 35% share of total imports. Moreover, eye make-up preparations imports from Japan exceeded the figures recorded by the second-largest supplier, South Korea (X tons), twofold. The third position in this ranking was taken by France (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Japan amounted to +12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+25.8% per year) and France (-6.8% per year).

In value terms, Japan ($X), South Korea ($X) and Italy ($X) were the largest eye make-up preparations suppliers to China, with a combined 69% share of total imports.

South Korea, with a CAGR of +37.5%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average eye make-up preparations import price stood at $X per ton in 2022, picking up by 23% against the previous year. Overall, the import price showed a remarkable increase. The pace of growth was the most pronounced in 2017 an increase of 75%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Belgium ($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 United States (+26.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :