Indonesia: Eye Make-Up Preparations Market 2024

Eye Make-Up Preparations Market Size in Indonesia

In 2022, the Indonesian eye make-up preparations market increased by 30% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption showed a resilient increase. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Eye Make-Up Preparations Exports

Exports from Indonesia

In 2022, shipments abroad of eye make-up preparations decreased by -47.4% to X tons, falling for the third consecutive year after two years of growth. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 105%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, eye make-up preparations exports contracted to $X in 2022. Over the period under review, exports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 198% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons) was the main destination for eye make-up preparations exports from Indonesia, with a 76% share of total exports. Moreover, eye make-up preparations exports to Singapore exceeded the volume sent to the second major destination, South Korea (X tons), ninefold. The third position in this ranking was held by Hong Kong SAR (X kg), with a 6.1% share.

From 2012 to 2022, the average annual growth rate of volume to Singapore stood at +9.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+17.9% per year) and Hong Kong SAR (+21.7% per year).

In value terms, Singapore ($X) remains the key foreign market for eye make-up preparations exports from Indonesia, comprising 96% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 1.4% share of total exports. It was followed by Malaysia, with a 0.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore totaled +15.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+26.5% per year) and Malaysia (+8.3% per year).

Export Prices by Country

In 2022, the average eye make-up preparations export price amounted to $X per ton, surging by 62% against the previous year. In general, the export price continues to indicate strong growth. The growth pace was the most rapid in 2016 an increase of 214%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to South Korea ($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 Malaysia (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Eye Make-Up Preparations Imports

Imports into Indonesia

In 2022, imports of eye make-up preparations into Indonesia skyrocketed to X tons, picking up by 50% compared with 2021. In general, imports showed a strong increase. The pace of growth appeared the most rapid in 2018 when imports increased by 102% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, eye make-up preparations imports soared to $X in 2022. Overall, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 51% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest eye make-up preparations supplier to Indonesia, accounting for a 73% share of total imports. Moreover, eye make-up preparations imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. South Korea (X tons) ranked third in terms of total imports with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +20.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.8% per year) and South Korea (+35.1% per year).

In value terms, China ($X) constituted the largest supplier of eye make-up preparations to Indonesia, comprising 48% of total imports. The second position in the ranking was taken by Japan ($X), with a 10% share of total imports. It was followed by South Korea, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +16.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+6.2% per year) and South Korea (+34.0% per year).

Import Prices by Country

The average eye make-up preparations import price stood at $X per ton in 2022, waning by -18.8% against the previous year. Overall, the import price continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2015 when the average import price increased by 25% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, 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 Japan ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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