Iraq: Market for Beauty, Make-Up And Skin Care Preparations 2024

Market Size for Beauty, Make-Up And Skin Care Preparations in Iraq

In 2022, the Iraqi market for beauty, make-up and skin care preparations decreased by -10% to $X for the first time since 2015, thus ending a six-year rising trend. Overall, consumption, however, continues to indicate a significant increase. Over the period under review, the market hit record highs at $X in 2021, and then fell in the following year.

Exports of Beauty, Make-Up And Skin Care Preparations

Exports from Iraq

In 2022, approx. X tons of beauty, make-up and skin care preparations were exported from Iraq; growing by 44% compared with the year before. Overall, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 500%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of beauty, make-up and skin care preparations fell to $X in 2022. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 548% against the previous year. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

Turkey (X tons) was the main destination for exports of beauty, make-up and skin care preparations from Iraq, with a 83% share of total exports. It was followed by Australia (X kg), with a 1.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey totaled +41.3%.

In value terms, Turkey ($X) remains the key foreign market for beauty, make-up and skin care preparations exports from Iraq, comprising 49% of total exports. The second position in the ranking was held by Australia ($X), with a 2.7% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Turkey totaled +17.9%.

Export Prices by Country

In 2022, the average export price for beauty, make-up and skin care preparations amounted to $X per ton, which is down by -39% against the previous year. In general, the export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 61% against the previous year. Over the period under review, the average export prices attained the peak figure 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 export markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Turkey stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (-16.5%).

Imports of Beauty, Make-Up And Skin Care Preparations

Imports into Iraq

In 2022, supplies from abroad of beauty, make-up and skin care preparations decreased by -9% to X tons for the first time since 2015, thus ending a six-year rising trend. Over the period under review, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 72%. Imports peaked at X tons in 2021, and then contracted in the following year.

In value terms, imports of beauty, make-up and skin care preparations declined to $X in 2022. In general, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 63% against the previous year. Over the period under review, imports of hit record highs at $X in 2021, and then declined in the following year.

Imports by Country

Turkey (X tons), India (X tons) and Germany (X tons) were the main suppliers of imports of beauty, make-up and skin care preparations to Iraq, together comprising 35% of total imports. China, the UK, Poland, France, South Korea, Bulgaria, Italy, the United States and Jordan lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +89.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), South Korea ($X) and Turkey ($X) constituted the largest beauty, make-up and skin care preparations suppliers to Iraq, with a combined 26% share of total imports.

Among the main suppliers, South Korea, with a CAGR of +100.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for beauty, make-up and skin care preparations stood at $X per ton in 2022, reducing by -1.9% against the previous year. In general, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for beauty, make-up and skin care preparations increased by +48.4% against 2017 indices. The pace of growth appeared the most rapid in 2015 an increase of 44%. The import price peaked at $X per ton in 2021, and then fell slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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