Eastern Europe: Lip Make-Up Preparations Market 2024

Lip Make-Up Preparations Market Size in Eastern Europe

The East European lip make-up preparations market fell slightly to $X in 2022, reducing by -2.6% against the previous year. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Lip Make-Up Preparations Production in Eastern Europe

In value terms, lip make-up preparations production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 108%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Lip Make-Up Preparations Exports

Exports in Eastern Europe

After three years of decline, shipments abroad of lip make-up preparations increased by 8.7% to X tons in 2022. Total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 41% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, lip make-up preparations exports fell to $X in 2022. Total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -18.6% against 2019 indices. The growth pace was the most rapid in 2016 with an increase of 29%. 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

Poland represented the major exporter of lip make-up preparations in Eastern Europe, with the volume of exports finishing at X tons, which was approx. 54% of total exports in 2022. The Czech Republic (X tons) ranks second in terms of the total exports with a 17% share, followed by Russia (11%) and Belarus (6%). Hungary (X tons), Latvia (X tons) and Lithuania (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to lip make-up preparations exports from Poland stood at +2.7%. At the same time, the Czech Republic (+21.0%), Belarus (+19.4%), Latvia (+5.5%), Lithuania (+4.5%), Hungary (+3.7%) and Russia (+1.7%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +21.0% from 2012-2022. While the share of the Czech Republic (+13 p.p.) and Belarus (+4.3 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Russia (-4.1 p.p.) and Poland (-13.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X), the Czech Republic ($X) and Russia ($X) constituted the countries with the highest levels of exports in 2022, with a combined 80% share of total exports.

The Czech Republic, with a CAGR of +24.1%, saw the highest rates of growth with regard to the value of exports, among 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

The export price in Eastern Europe stood at $X per ton in 2022, reducing by -14% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 19% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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 the Czech Republic ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+8.1%), while the other leaders experienced more modest paces of growth.

Lip Make-Up Preparations Imports

Imports in Eastern Europe

In 2022, lip make-up preparations imports in Eastern Europe expanded remarkably to X tons, surging by 11% against the previous year. The total import volume increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when imports increased by 22%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, lip make-up preparations imports totaled $X in 2022. Total imports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.5% 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 +7.3% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of 23%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the three major importers of lip make-up preparations, namely Russia, Poland and Hungary, represented more than two-thirds of total import. The Czech Republic (X tons) ranks next in terms of the total imports with a 12% share, followed by Romania (4.8%). The following importers - Slovakia (X tons) and Ukraine (X tons) - each amounted to a 6.4% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Hungary (with a CAGR of +19.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Poland ($X) and the Czech Republic ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 68% of total imports.

Among the main importing countries, the Czech Republic, with a CAGR of +20.1%, recorded the highest growth rate of the value of imports, 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 Europe stood at $X per ton in 2022, declining by -6.5% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 12%. 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 the Czech Republic ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+5.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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