GCC: Lip Make-Up Preparations Market 2024

Lip Make-Up Preparations Market Size in GCC

The GCC lip make-up preparations market reduced markedly to $X in 2022, declining by -33.2% against the previous year. The total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.2% 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 -47.8% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Lip Make-Up Preparations Production in GCC

In value terms, lip make-up preparations production surged to $X in 2022 estimated in export price. Overall, production saw significant growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 167,652,000% against the previous year. The level of production peaked in 2022 and is expected to retain growth in the immediate term.

Lip Make-Up Preparations Exports

Exports in GCC

In 2022, approx. X tons of lip make-up preparations were exported in GCC; waning by -12.3% against the previous year's figure. In general, exports, however, saw resilient growth. The growth pace was the most rapid in 2016 when exports increased by 91% against the previous year. The volume of export peaked 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. Over the period under review, exports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 164%. Over the period under review, the exports hit record highs at $X in 2021, and then fell in the following year.

Exports by Country

The United Arab Emirates was the main exporter of lip make-up preparations in GCC, with the volume of exports finishing at X tons, which was near 66% of total exports in 2022. Oman (X tons) took the second position in the ranking, followed by Kuwait (X tons) and Saudi Arabia (X tons). All these countries together took approx. 34% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to lip make-up preparations exports from the United Arab Emirates stood at +12.5%. At the same time, Oman (+50.6%), Kuwait (+40.3%) and Saudi Arabia (+13.5%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +50.6% from 2012-2022. Oman (+14 p.p.) and Kuwait (+9.2 p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia and the United Arab Emirates saw its share reduced by -1.8% and -22% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) remains the largest lip make-up preparations supplier in GCC, comprising 66% of total exports. The second position in the ranking was held by Kuwait ($X), with an 18% share of total exports. It was followed by Oman, with a 7.7% share.

In the United Arab Emirates, lip make-up preparations exports expanded at an average annual rate of +12.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kuwait (+56.5% per year) and Oman (+46.1% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, picking up by 7.9% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 39% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+20.5%), while the other leaders experienced more modest paces of growth.

Lip Make-Up Preparations Imports

Imports in GCC

Lip make-up preparations imports plummeted to X tons in 2022, reducing by -41.9% on the previous year's figure. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 28% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, lip make-up preparations imports shrank sharply to $X in 2022. Total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.2% 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 -42.1% against 2019 indices. The pace of growth was the most pronounced in 2014 when imports increased by 24%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates was the largest importing country with an import of about X tons, which amounted to 56% of total imports. It was distantly followed by Qatar (X tons), Kuwait (X tons), Oman (X tons) and Bahrain (X tons), together achieving a 44% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to lip make-up preparations imports into the United Arab Emirates stood at +6.0%. At the same time, Bahrain (+13.4%), Kuwait (+10.1%), Oman (+10.0%) and Qatar (+3.0%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of +13.4% from 2012-2022. The United Arab Emirates (+23 p.p.), Kuwait (+6.9 p.p.), Oman (+4.5 p.p.), Qatar (+4.2 p.p.) and Bahrain (+3.9 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported lip make-up preparations in GCC, comprising 57% of total imports. The second position in the ranking was held by Qatar ($X), with a 19% share of total imports. It was followed by Kuwait, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates stood at +9.5%. The remaining importing countries recorded the following average annual rates of imports growth: Qatar (+4.0% per year) and Kuwait (+16.1% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, surging by 19% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+5.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform