Japan: Lip Make-Up Preparations Market 2024

Lip Make-Up Preparations Market Size in Japan

In 2022, the Japanese lip make-up preparations market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption, however, showed a pronounced decrease. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Lip Make-Up Preparations Production in Japan

In value terms, lip make-up preparations production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2016 with an increase of 27% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Lip Make-Up Preparations Exports

Exports from Japan

In 2022, overseas shipments of lip make-up preparations decreased by -19.2% to X tons, falling for the fourth year in a row after five years of growth. Over the period under review, exports, however, recorded mild growth. The most prominent rate of growth was recorded in 2018 with an increase of 50%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, lip make-up preparations exports dropped sharply to $X in 2022. Overall, exports, however, recorded tangible growth. The pace of growth appeared the most rapid in 2018 with an increase of 59%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for lip make-up preparations exports from Japan, accounting for a 45% share of total exports. Moreover, lip make-up preparations exports to China exceeded the volume sent to the second major destination, the United States (X tons), fourfold. The third position in this ranking was taken by Hong Kong SAR (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled +17.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+7.3% per year) and Hong Kong SAR (-5.3% per year).

In value terms, China ($X) remains the key foreign market for lip make-up preparations exports from Japan, comprising 44% of total exports. The second position in the ranking was held by Singapore ($X), with a 12% share of total exports. It was followed by the United States, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to China totaled +20.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+4.9% per year) and the United States (+4.9% per year).

Export Prices by Country

In 2022, the average lip make-up preparations export price amounted to $X per ton, waning by -7.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2016 an increase of 19% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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 Singapore ($X per ton), while the average price for exports to Germany ($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 Singapore (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Lip Make-Up Preparations Imports

Imports into Japan

In 2022, supplies from abroad of lip make-up preparations was finally on the rise to reach X tons after two years of decline. In general, imports showed tangible growth. The pace of growth was the most pronounced in 2017 when imports increased by 25% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, lip make-up preparations imports expanded remarkably to $X in 2022. Over the period under review, imports enjoyed temperate growth. The most prominent rate of growth was recorded in 2016 when imports increased by 32% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

South Korea (X tons), China (X tons) and France (X tons) were the main suppliers of lip make-up preparations imports to Japan, with a combined 77% share of total imports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +16.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest lip make-up preparations suppliers to Japan were France ($X), South Korea ($X) and China ($X), with a combined 78% share of total imports.

Among the main suppliers, South Korea, with a CAGR of +22.2%, recorded the highest rates of growth with regard to 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

In 2022, the average lip make-up preparations import price amounted to $X per ton, falling by -8.4% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 15% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 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 France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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