CIS: Cosmetics Market 2024

Cosmetics Market Size in CIS

The CIS cosmetics market contracted to $X in 2022, dropping by X% against the previous year. The total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Cosmetics Production in CIS

In value terms, cosmetics production dropped to $X in 2022 estimated in export price. The total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Cosmetics Exports

Exports in CIS

In 2022, after three years of growth, there was significant decline in shipments abroad of cosmetics, when their volume decreased by X% to X tons. In general, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of export peaked at X tons in 2021, and then declined in the following year.

In value terms, cosmetics exports fell slightly to $X in 2022. Overall, exports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then dropped in the following year.

Exports by Country

In 2022, Russia (X tons) was the key exporter of cosmetics, creating X% of total exports. It was distantly followed by Belarus (X tons), achieving a X% share of total exports. The following exporters - Armenia (X tons), Kazakhstan (X tons) and Kyrgyzstan (X tons) - together made up X% of total exports.

Exports from Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Armenia (X%), Kyrgyzstan (X%), Belarus (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. Armenia (X p.p.) and Kyrgyzstan (X p.p.) significantly strengthened its position in terms of the total exports, while Russia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest cosmetics supplier in the CIS, comprising X% of total exports. The second position in the ranking was held by Belarus ($X), with a X% share of total exports. It was followed by Kazakhstan, with a X% share.

In Russia, cosmetics exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belarus (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

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

Cosmetics Imports

Imports in CIS

In 2022, approx. X tons of cosmetics were imported in the CIS; remaining constant against 2021. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, cosmetics imports shrank to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

In 2022, Russia (X tons) was the key importer of cosmetics, comprising X% of total imports. It was distantly followed by Kazakhstan (X tons), Belarus (X tons) and Kyrgyzstan (X tons), together creating a X% share of total imports. The following importers - Uzbekistan (X tons) and Azerbaijan (X tons) - each amounted to a X% share of total imports.

Russia experienced a relatively flat trend pattern with regard to volume of imports of cosmetics. At the same time, Kyrgyzstan (X%), Uzbekistan (X%), Kazakhstan (X%), Belarus (X%) and Azerbaijan (X%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. While the share of Kazakhstan (X p.p.), Kyrgyzstan (X p.p.), Uzbekistan (X p.p.) and Belarus (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Russia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported cosmetics in the CIS, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total imports. It was followed by Belarus, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (X% per year) and Belarus (X% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, waning by X% against the previous year. Overall, the import price showed a noticeable downturn. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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