Hungary: Lip Make-Up Preparations Market 2025

Lip Make-Up Preparations Market Size in Hungary

In 2022, the Hungarian lip make-up preparations market increased by 70% to $X, rising for the second consecutive year after two years of decline. In general, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +89.4% against 2020 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Lip Make-Up Preparations Production in Hungary

In value terms, lip make-up preparations production reduced to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a mild downturn. The pace of growth appeared the most rapid in 2015 with an increase of 21%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Lip Make-Up Preparations Exports

Exports from Hungary

In 2022, shipments abroad of lip make-up preparations decreased by -29.9% to X tons, falling for the fourth year in a row after three years of growth. Over the period under review, total exports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +3.7% 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 -36.8% against 2018 indices. The pace of growth was the most pronounced in 2013 with an increase of 76% against the previous year. The exports 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 stood at $X in 2022. Overall, exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 88%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Romania (X tons), Austria (X tons) and the Czech Republic (X tons) were the main destinations of lip make-up preparations exports from Hungary, with a combined 44% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +72.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Croatia ($X) and Romania ($X) appeared to be the largest markets for lip make-up preparations exported from Hungary worldwide, with a combined 55% share of total exports.

Among the main countries of destination, Austria, with a CAGR of +86.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average lip make-up preparations export price stood at $X per ton in 2022, rising by 43% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Croatia ($X per ton), while the average price for exports to Bulgaria ($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 Austria (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Lip Make-Up Preparations Imports

Imports into Hungary

In 2022, the amount of lip make-up preparations imported into Hungary soared to X tons, growing by 178% compared with the previous year's figure. In general, imports recorded buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, lip make-up preparations imports soared to $X in 2022. Overall, imports continue to indicate resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest lip make-up preparations supplier to Hungary, accounting for a 73% share of total imports. Moreover, lip make-up preparations imports from China exceeded the figures recorded by the second-largest supplier, Austria (X tons), sevenfold. Germany (X tons) ranked third in terms of total imports with an 8% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +70.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+54.0% per year) and Germany (+4.5% per year).

In value terms, China ($X) constituted the largest supplier of lip make-up preparations to Hungary, comprising 53% of total imports. The second position in the ranking was taken by Germany ($X), with a 20% share of total imports. It was followed by Poland, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +79.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.7% per year) and Poland (-8.8% per year).

Import Prices by Country

In 2022, the average lip make-up preparations import price amounted to $X per ton, waning by -33.4% against the previous year. In general, the import price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 25%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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