Lithuania: Eye Make-Up Preparations Market 2024

Eye Make-Up Preparations Market Size in Lithuania

The Lithuanian eye make-up preparations market shrank notably to $X in 2022, with a decrease of -17.2% against the previous year. Overall, consumption continues to indicate a abrupt decrease. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Eye Make-Up Preparations Production in Lithuania

In value terms, eye make-up preparations production declined to $X in 2022 estimated in export price. In general, production saw a abrupt setback. The growth pace was the most rapid in 2017 with an increase of 29%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Eye Make-Up Preparations Exports

Exports from Lithuania

In 2022, the amount of eye make-up preparations exported from Lithuania expanded slightly to X tons, surging by 4.1% against the previous year. Over the period under review, exports showed buoyant growth. The pace of growth appeared the most rapid in 2017 when exports increased by 55% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, eye make-up preparations exports reduced markedly to $X in 2022. In general, exports, however, recorded a noticeable slump. The pace of growth was the most pronounced in 2017 when exports increased by 38% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for eye make-up preparations exports from Lithuania, accounting for a 79% share of total exports. Moreover, eye make-up preparations exports to Russia exceeded the volume sent to the second major destination, Belarus (X tons), sixfold. The third position in this ranking was held by Kazakhstan (X tons), with a 2% share.

From 2012 to 2022, the average annual growth rate of volume to Russia totaled +10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+44.2% per year) and Kazakhstan (-2.1% per year).

In value terms, Russia ($X) remains the key foreign market for eye make-up preparations exports from Lithuania, comprising 65% of total exports. The second position in the ranking was taken by Belarus ($X), with a 9.8% share of total exports. It was followed by Kazakhstan, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia totaled -6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+44.3% per year) and Kazakhstan (-4.0% per year).

Export Prices by Country

In 2022, the average eye make-up preparations export price amounted to $X per ton, with a decrease of -37% against the previous year. Overall, the export price faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 32%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 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 Turkey ($X per ton), while the average price for exports to Belarus ($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 Turkey (+9.1%), while the prices for the other major destinations experienced mixed trend patterns.

Eye Make-Up Preparations Imports

Imports into Lithuania

In 2022, eye make-up preparations imports into Lithuania rose modestly to X tons, with an increase of 1.8% on 2021 figures. In general, imports showed a resilient increase. The pace of growth was the most pronounced in 2013 with an increase of 154%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, eye make-up preparations imports reduced rapidly to $X in 2022. Overall, imports showed a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 151% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of eye make-up preparations to Lithuania, with a 67% share of total imports. Moreover, eye make-up preparations imports from Italy exceeded the figures recorded by the second-largest supplier, Spain (X tons), eightfold. Poland (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 Italy amounted to +64.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+53.8% per year) and Poland (+1.8% per year).

In value terms, the largest eye make-up preparations suppliers to Lithuania were Italy ($X), Poland ($X) and Spain ($X), together comprising 59% of total imports.

Spain, with a CAGR of +50.5%, 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 eye make-up preparations import price stood at $X per ton in 2022, waning by -19.7% against the previous year. In general, the import price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when the average import price increased by 15%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average 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 France ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform