Hong Kong SAR, China: Eye Make-Up Preparations Market 2024

Eye Make-Up Preparations Market Size in Hong Kong SAR, China

The Hong Kong eye make-up preparations market skyrocketed to $X in 2022, rising by 223% against the previous year. Over the period under review, consumption, however, saw a deep reduction. Eye make-up preparations consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Eye Make-Up Preparations Production in Hong Kong SAR, China

In value terms, eye make-up preparations production contracted markedly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a significant contraction. Eye make-up preparations production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Eye Make-Up Preparations Exports

Exports from Hong Kong SAR, China

After two years of growth, shipments abroad of eye make-up preparations decreased by -53.1% to X tons in 2022. In general, exports, however, recorded measured growth. The pace of growth was the most pronounced in 2018 with an increase of 49% against the previous year. The exports peaked at X tons in 2021, and then declined significantly in the following year.

In value terms, eye make-up preparations exports dropped markedly to $X in 2022. Overall, exports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2017 with an increase of 52% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then contracted rapidly in the following year.

Exports by Country

China (X tons) was the main destination for eye make-up preparations exports from Hong Kong SAR, accounting for a 56% share of total exports. Moreover, eye make-up preparations exports to China exceeded the volume sent to the second major destination, Macao SAR (X tons), threefold. The United States (X tons) ranked third in terms of total exports with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled +14.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macao SAR (+0.6% per year) and the United States (-1.6% per year).

In value terms, China ($X) remains the key foreign market for eye make-up preparations exports from Hong Kong SAR, comprising 57% of total exports. The second position in the ranking was taken by Macao SAR ($X), with an 18% share of total exports. It was followed by the United States, with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to +18.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macao SAR (+4.1% per year) and the United States (+1.8% per year).

Export Prices by Country

In 2022, the average eye make-up preparations export price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. The growth pace was the most rapid in 2014 an increase of 11% against the previous year. The export price peaked at $X per ton in 2021, and then fell slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to the United Arab Emirates ($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 the United Arab Emirates (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Eye Make-Up Preparations Imports

Imports into Hong Kong SAR, China

In 2022, the amount of eye make-up preparations imported into Hong Kong SAR fell remarkably to X tons, with a decrease of -32.6% against 2021 figures. Overall, imports saw a perceptible downturn. The pace of growth was the most pronounced in 2020 with an increase of 45% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, eye make-up preparations imports fell rapidly to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 27%. Over the period under review, imports reached the maximum at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Singapore (X tons), South Korea (X tons) and China (X tons) were the main suppliers of eye make-up preparations imports to Hong Kong SAR, together accounting for 62% of total imports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +8.9%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest eye make-up preparations suppliers to Hong Kong SAR were Singapore ($X), South Korea ($X) and China ($X), with a combined 62% share of total imports.

South Korea, with a CAGR of +12.4%, recorded the highest growth rate of 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 -6.8% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2021 an increase of 22%. As a result, import price reached the peak level of $X per ton, and then declined in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($X per ton) and the United States ($X per ton), while the price for the Netherlands ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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