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

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

The Hong Kong lip make-up preparations market reduced modestly to $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, consumption enjoyed a buoyant expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

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

In value terms, lip make-up preparations production totaled $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. Over the period under review, production hit record highs in 2022 and is expected to retain growth in the near future.

Lip Make-Up Preparations Exports

Exports from Hong Kong SAR, China

Lip make-up preparations exports from Hong Kong SAR declined rapidly to X tons in 2022, with a decrease of -18.6% compared with 2021. Overall, exports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2017 when exports increased by 73% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, lip make-up preparations exports contracted rapidly to $X in 2022. Over the period under review, exports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2017 when exports increased by 81%. Over the period under review, the exports hit record highs at $X in 2021, and then shrank markedly in the following year.

Exports by Country

China (X tons), Macao SAR (X tons) and South Korea (X tons) were the main destinations of lip make-up preparations exports from Hong Kong SAR, together comprising 93% of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +25.1%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for lip make-up preparations exported from Hong Kong SAR were China ($X), Macao SAR ($X) and South Korea ($X), with a combined 93% share of total exports.

In terms of the main countries of destination, China, with a CAGR of +29.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average lip make-up preparations export price amounted to $X per ton, waning by -2% against the previous year. Over the last decade, it increased at an average annual rate of +3.6%. The pace of growth was the most pronounced in 2014 when the average export price increased by 14%. The export price peaked at $X per ton in 2021, and then fell slightly in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($X per ton) and China ($X per ton), while the average price for exports to the UK ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Lip Make-Up Preparations Imports

Imports into Hong Kong SAR, China

In 2022, approx. X tons of lip make-up preparations were imported into Hong Kong SAR; waning by -45.9% on 2021. Overall, imports, however, recorded a pronounced expansion. The pace of growth was the most pronounced in 2020 with an increase of 105%. 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, lip make-up preparations imports dropped significantly to $X in 2022. Over the period under review, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 72%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, South Korea (X tons) constituted the largest supplier of lip make-up preparations to Hong Kong SAR, with a 36% share of total imports. Moreover, lip make-up preparations imports from South Korea exceeded the figures recorded by the second-largest supplier, Singapore (X tons), twofold. France (X tons) ranked third in terms of total imports with an 8.9% share.

From 2012 to 2022, the average annual growth rate of volume from South Korea amounted to +23.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+0.1% per year) and France (+2.6% per year).

In value terms, South Korea ($X) constituted the largest supplier of lip make-up preparations to Hong Kong SAR, comprising 36% of total imports. The second position in the ranking was held by Singapore ($X), with a 15% share of total imports. It was followed by France, with an 8.9% share.

From 2012 to 2022, the average annual growth rate of value from South Korea stood at +27.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+3.2% per year) and France (+5.8% per year).

Import Prices by Country

In 2022, the average lip make-up preparations import price amounted to $X per ton, waning by -3.6% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The pace of growth appeared the most rapid in 2018 an increase of 14%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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