Eastern Asia: Eye Make-Up Preparations Market 2024

Eye Make-Up Preparations Market Size in Eastern Asia

The East Asian eye make-up preparations market stood at $X in 2022, picking up by 3.7% against the previous year. Over the period under review, consumption recorded a remarkable increase. The level of consumption peaked in 2022 and is likely to continue growth in years to come.

Eye Make-Up Preparations Production in Eastern Asia

In value terms, eye make-up preparations production reduced to $X in 2022 estimated in export price. Overall, production, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of 33%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Eye Make-Up Preparations Exports

Exports in Eastern Asia

Eye make-up preparations exports contracted to X tons in 2022, dropping by -10.4% compared with the year before. In general, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2017 when exports increased by 36% against the previous year. Over the period under review, the exports attained the maximum 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 fell to $X in 2022. Overall, exports, however, posted a prominent increase. The growth pace was the most rapid in 2021 when exports increased by 25% against the previous year. As a result, the exports attained the peak of $X, and then shrank in the following year.

Exports by Country

China prevails in exports structure, accounting for X tons, which was near 80% of total exports in 2022. South Korea (X tons) ranks second in terms of the total exports with a 7.6% share, followed by Taiwan (Chinese) (4.7%). Japan (X tons) and Hong Kong SAR (X tons) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to eye make-up preparations exports from China stood at +6.4%. At the same time, South Korea (+14.5%), Japan (+3.6%) and Hong Kong SAR (+3.3%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +14.5% from 2012-2022. Taiwan (Chinese) experienced a relatively flat trend pattern. South Korea (+4 p.p.) and China (+1.8 p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese) saw its share reduced by -3.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest eye make-up preparations supplier in Eastern Asia, comprising 48% of total exports. The second position in the ranking was held by Japan ($X), with a 20% share of total exports. It was followed by South Korea, with a 20% share.

In China, eye make-up preparations exports increased at an average annual rate of +9.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (+5.8% per year) and South Korea (+21.4% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, leveling off at the previous year. Over the last decade, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2020 an increase of 15% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.2%), while the other leaders experienced more modest paces of growth.

Eye Make-Up Preparations Imports

Imports in Eastern Asia

In 2022, approx. X tons of eye make-up preparations were imported in Eastern Asia; reducing by -10.4% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 9.8%. Over the period under review, imports attained the peak figure at X tons in 2021, and then reduced in the following year.

In value terms, eye make-up preparations imports reduced to $X in 2022. In general, imports, however, recorded strong growth. The growth pace was the most rapid in 2018 with an increase of 27%. Over the period under review, imports hit record highs at $X in 2021, and then reduced in the following year.

Imports by Country

Japan was the largest importing country with an import of about X tons, which finished at 48% of total imports. Hong Kong SAR (X tons) held the second position in the ranking, distantly followed by Taiwan (Chinese) (X tons), China (X tons) and South Korea (X tons). All these countries together held approx. 50% share of total imports. Macao SAR (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to eye make-up preparations imports into Japan stood at +9.2%. At the same time, Macao SAR (+19.3%) displayed positive paces of growth. Moreover, Macao SAR emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +19.3% from 2012-2022. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, South Korea (-1.1%), China (-2.2%) and Hong Kong SAR (-2.5%) illustrated a downward trend over the same period. While the share of Japan (+23 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Korea (-2.5 p.p.), Taiwan (Chinese) (-3.8 p.p.), China (-5.8 p.p.) and Hong Kong SAR (-12.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest eye make-up preparations importing markets in Eastern Asia were China ($X), Japan ($X) and Hong Kong SAR ($X), together accounting for 80% of total imports. Taiwan (Chinese), South Korea and Macao SAR lagged somewhat behind, together comprising a further 20%.

Macao SAR, with a CAGR of +36.7%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, waning by -3.5% against the previous year. Import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% 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 import price increased by +67.6% against 2013 indices. The growth pace was the most rapid in 2018 when the import price increased by 15% against the previous year. The level of import peaked at $X per ton in 2021, and then reduced modestly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+19.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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