CIS: Lip Make-Up Preparations Market 2024

Lip Make-Up Preparations Market Size in CIS

The CIS lip make-up preparations market fell slightly to $X in 2022, reducing by -3.5% against the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Lip Make-Up Preparations Production in CIS

In value terms, lip make-up preparations production declined slightly to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 125% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Lip Make-Up Preparations Exports

Exports in CIS

In 2022, shipments abroad of lip make-up preparations increased by 21% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports enjoyed strong growth. The pace of growth appeared the most rapid in 2016 with an increase of 65% 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 failed to regain momentum.

In value terms, lip make-up preparations exports stood at $X in 2022. Total exports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 +20.7% against 2020 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 52%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Russia was the major exporting country with an export of around X tons, which amounted to 62% of total exports. It was distantly followed by Belarus (X tons), creating a 34% share of total exports. Azerbaijan (X tons) took a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Azerbaijan (with a CAGR of +200.8%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Belarus ($X) and Azerbaijan ($X) constituted the countries with the highest levels of exports in 2022, together accounting for 99% of total exports.

Among the main exporting countries, Azerbaijan, with a CAGR of +84.6%, recorded the highest rates of growth with regard to the value of exports, 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 the CIS amounted to $X per ton, which is down by -12.7% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 22% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-0.2%), while the other leaders experienced a decline in the export price figures.

Lip Make-Up Preparations Imports

Imports in CIS

In 2022, overseas purchases of lip make-up preparations increased by 29% to X tons, rising for the second consecutive year after two years of decline. Total imports indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of +1.1% 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 +37.2% against 2020 indices. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, lip make-up preparations imports expanded notably to $X in 2022. Overall, imports, however, continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2017 when imports increased by 23%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia was the key importer of lip make-up preparations in the CIS, with the volume of imports recording X tons, which was approx. 57% of total imports in 2022. Kazakhstan (X tons) took a 29% share (based on physical terms) of total imports, which put it in second place, followed by Belarus (6.3%). Azerbaijan (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Azerbaijan (with a CAGR of +20.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constitutes the largest market for imported lip make-up preparations in the CIS, comprising 73% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 14% share of total imports. It was followed by Belarus, with a 5.9% share.

In Russia, lip make-up preparations imports shrank by an average annual rate of -4.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kazakhstan (+6.7% per year) and Belarus (+3.3% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, which is down by -17.7% against the previous year. In general, the import price recorded a perceptible reduction. The pace of growth appeared the most rapid in 2021 an increase of 5.8%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-1.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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