Iraq: Lip Make-Up Preparations Market 2025

Lip Make-Up Preparations Market Size in Iraq

In 2022, the Iraqi lip make-up preparations market decreased by -9.9% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption, however, enjoyed a prominent increase. Lip make-up preparations consumption peaked at $X in 2021, and then shrank in the following year.

Lip Make-Up Preparations Exports

Exports from Iraq

In 2022, shipments abroad of lip make-up preparations was finally on the rise to reach X kg for the first time since 2016, thus ending a five-year declining trend. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 1,485% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, lip make-up preparations exports soared to $X in 2022. Over the period under review, exports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by 1,497%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Austria (X kg) was the main destination for lip make-up preparations exports from Iraq, with a approx. 62% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Austria amounted to +32.0%.

In value terms, Austria ($X) also remains the key foreign market for lip make-up preparations exports from Iraq.

From 2012 to 2022, the average annual growth rate of value to Austria totaled +25.4%.

Export Prices by Country

In 2022, the average lip make-up preparations export price amounted to $X per ton, declining by -48.3% against the previous year. In general, the export price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 an increase of 165%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Austria.

From 2012 to 2022, the rate of growth in terms of prices for Austria amounted to -5.0% per year.

Lip Make-Up Preparations Imports

Imports into Iraq

After three years of growth, supplies from abroad of lip make-up preparations decreased by -21.6% to X tons in 2022. Overall, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2017 when imports increased by 153% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then fell remarkably in the following year.

In value terms, lip make-up preparations imports dropped modestly to $X in 2022. In general, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 85%. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest lip make-up preparations supplier to Iraq, with a 60% share of total imports. Moreover, lip make-up preparations imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold. China (X tons) ranked third in terms of total imports with a 7.3% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates amounted to +22.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+6.2% per year) and China (+7.2% per year).

In value terms, the largest lip make-up preparations suppliers to Iraq were the United Arab Emirates ($X), Turkey ($X) and Germany ($X), with a combined 59% share of total imports.

Germany, with a CAGR of +31.5%, recorded the highest rates of growth with regard to 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

The average lip make-up preparations import price stood at $X per ton in 2022, picking up by 23% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2018 when the average import price increased by 30%. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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