Costa Rica: Eye Make-Up Preparations Market 2024

Eye Make-Up Preparations Market Size in Costa Rica

The Costa Rican eye make-up preparations market was estimated at $X in 2022, increasing by 2.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a prominent expansion. Eye make-up preparations consumption peaked in 2022 and is expected to retain growth in the immediate term.

Eye Make-Up Preparations Exports

Exports from Costa Rica

In 2022, overseas shipments of eye make-up preparations were finally on the rise to reach X tons after three years of decline. Overall, exports showed buoyant growth. The pace of growth appeared the most rapid in 2015 when exports increased by 60%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, eye make-up preparations exports surged to $X in 2022. Over the period under review, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 91% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Czech Republic (X tons) was the main destination for eye make-up preparations exports from Costa Rica, accounting for a 60% share of total exports. Moreover, eye make-up preparations exports to the Czech Republic exceeded the volume sent to the second major destination, Poland (X kg), sixfold. The third position in this ranking was taken by Ireland (X kg), with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Czech Republic amounted to +735.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (0.0% per year) and Ireland (0.0% per year).

In value terms, the Czech Republic ($X) emerged as the key foreign market for eye make-up preparations exports from Costa Rica, comprising 50% of total exports. The second position in the ranking was taken by Ireland ($X), with a 10% share of total exports. It was followed by Poland, with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Czech Republic stood at +276.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (0.0% per year) and Poland (0.0% per year).

Export Prices by Country

In 2022, the average eye make-up preparations export price amounted to $X per ton, which is down by -6% against the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, eye make-up preparations export price increased by +9.6% against 2019 indices. The pace of growth was the most pronounced in 2017 an increase of 53%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Nicaragua ($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 Panama (+23.8%), while the prices for the other major destinations experienced more modest paces of growth.

Eye Make-Up Preparations Imports

Imports into Costa Rica

For the fourth year in a row, Costa Rica recorded growth in overseas purchases of eye make-up preparations, which increased by 7.9% to X tons in 2022. Over the period under review, imports showed a strong expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 113%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.

In value terms, eye make-up preparations imports shrank to $X in 2022. In general, total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -21.4% against 2019 indices. The pace of growth was the most pronounced in 2019 when imports increased by 37%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Mexico (X tons), the United States (X tons) and Poland (X tons) were the main suppliers of eye make-up preparations imports to Costa Rica, with a combined 49% share of total imports. China, Germany, Turkey, Spain and Guatemala lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +181.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), the United States ($X) and Poland ($X) constituted the largest eye make-up preparations suppliers to Costa Rica, together comprising 47% of total imports. Germany, Turkey, China, Spain and Guatemala lagged somewhat behind, together accounting for a further 20%.

Turkey, with a CAGR of +94.3%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average eye make-up preparations import price amounted to $X per ton, which is down by -9.4% against the previous year. In general, the import price saw a deep contraction. The pace of growth appeared the most rapid in 2014 when the average import price increased by 9.2% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (-4.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform