Eastern Asia: Lip Make-Up Preparations Market 2024

Lip Make-Up Preparations Market Size in Eastern Asia

In 2022, after two years of growth, there was significant decline in the East Asian lip make-up preparations market, when its value decreased by -10.6% to $X. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2021, and then fell in the following year.

Lip Make-Up Preparations Production in Eastern Asia

In value terms, lip make-up preparations production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2016 with an increase of 31% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Lip Make-Up Preparations Exports

Exports in Eastern Asia

In 2022, approx. X tons of lip make-up preparations were exported in Eastern Asia; increasing by 24% against the previous year. Overall, exports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2017 when exports increased by 28%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, lip make-up preparations exports expanded significantly to $X in 2022. In general, exports showed buoyant growth. The pace of growth was the most pronounced in 2016 with an increase of 33%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China represented the largest exporting country with an export of around X tons, which reached 73% of total exports. South Korea (X tons) held a 14% share (based on physical terms) of total exports, which put it in second place, followed by Hong Kong SAR (6.3%) and Taiwan (Chinese) (4.7%). Japan (X tons) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to lip make-up preparations exports from China stood at +7.2%. At the same time, South Korea (+26.8%), Hong Kong SAR (+12.2%) and Japan (+1.2%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +26.8% from 2012-2022. By contrast, Taiwan (Chinese) (-2.4%) illustrated a downward trend over the same period. While the share of South Korea (+11 p.p.) and Hong Kong SAR (+2.1 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of China (-4.2 p.p.) and Taiwan (Chinese) (-7.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), South Korea ($X) and Hong Kong SAR ($X) constituted the countries with the highest levels of exports in 2022, with a combined 87% share of total exports.

South Korea, with a CAGR of +32.7%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries 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 Eastern Asia amounted to $X per ton, dropping by -10.3% against the previous year. Export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the export price increased by 18% against the previous year. The level of export peaked at $X per ton in 2021, and then shrank in the following year.

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 South Korea (+4.7%), while the other leaders experienced more modest paces of growth.

Lip Make-Up Preparations Imports

Imports in Eastern Asia

After three years of growth, overseas purchases of lip make-up preparations decreased by -28.7% to X tons in 2022. Over the period under review, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of 34% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then reduced rapidly in the following year.

In value terms, lip make-up preparations imports contracted significantly to $X in 2022. Overall, imports, however, recorded a strong increase. The pace of growth was the most pronounced in 2017 with an increase of 63% against the previous year. The level of import peaked at $X in 2021, and then shrank rapidly in the following year.

Imports by Country

In 2022, Macao SAR (X tons), distantly followed by Hong Kong SAR (X tons), Japan (X tons), South Korea (X tons), Taiwan (Chinese) (X tons) and China (X tons) were the largest importers of lip make-up preparations, together constituting 99.9% of total imports.

From 2012 to 2022, the biggest increases were recorded for Macao SAR (with a CAGR of +47.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported lip make-up preparations in Eastern Asia, comprising 54% of total imports. The second position in the ranking was held by Macao SAR ($X), with a 17% share of total imports. It was followed by Japan, with a 9.3% share.

In China, lip make-up preparations imports expanded at an average annual rate of +32.6% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Macao SAR (+55.5% per year) and Japan (+2.4% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, stabilizing at the previous year. Over the period under review, the import price continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2018 an increase of 34%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while Taiwan (Chinese) ($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 (+32.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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