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

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

After two years of growth, the Luxembourg market for beauty, make-up and skin care preparations decreased by -11.1% to $X in 2022. Overall, consumption, however, showed a prominent increase. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Beauty, Make-Up And Skin Care Preparations in Luxembourg

In value terms, production of beauty, make-up and skin care preparations dropped to $X in 2022 estimated in export price. Overall, production, however, saw prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 186% against the previous year. Production of peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Beauty, Make-Up And Skin Care Preparations

Exports from Luxembourg

In 2022, exports of beauty, make-up and skin care preparations from Luxembourg shrank to X tons, reducing by -6.9% on 2021 figures. Overall, exports, however, saw strong growth. The pace of growth was the most pronounced in 2013 when exports increased by 97% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, exports of beauty, make-up and skin care preparations declined to $X in 2022. In general, exports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2013 with an increase of 62% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for exports of beauty, make-up and skin care preparations from Luxembourg, accounting for a 54% share of total exports. Moreover, exports of beauty, make-up and skin care preparations to Germany exceeded the volume sent to the second major destination, the Netherlands (X tons), fourfold. The third position in this ranking was taken by France (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at +23.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+37.3% per year) and France (+15.4% per year).

In value terms, Germany ($X) remains the key foreign market for beauty, make-up and skin care preparations exports from Luxembourg, comprising 31% of total exports. The second position in the ranking was held by France ($X), with a 15% share of total exports. It was followed by Italy, with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +14.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+12.4% per year) and Italy (+17.2% per year).

Export Prices by Country

The average export price for beauty, make-up and skin care preparations stood at $X per ton in 2022, leveling off at the previous year. Over the period under review, the export price showed a perceptible downturn. The pace of growth appeared the most rapid in 2019 when the average export price increased by 33%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Germany ($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 Belgium (+3.1%), while the prices for the other major destinations experienced a decline.

Imports of Beauty, Make-Up And Skin Care Preparations

Imports into Luxembourg

In 2022, purchases abroad of beauty, make-up and skin care preparations was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2014 with an increase of 202%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of beauty, make-up and skin care preparations reduced to $X in 2022. Overall, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +9.1% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 47%. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest beauty, make-up and skin care preparations supplier to Luxembourg, with a 59% share of total imports. Moreover, imports of beauty, make-up and skin care preparations from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), fourfold. Belgium (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +20.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+8.7% per year) and Belgium (+3.9% per year).

In value terms, the largest beauty, make-up and skin care preparations suppliers to Luxembourg were Belgium ($X), Germany ($X) and France ($X), with a combined 82% share of total imports. The Netherlands and Poland lagged somewhat behind, together accounting for a further 4.2%.

In terms of the main suppliers, Poland, with a CAGR of +39.6%, recorded 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, dropping by -10.2% against the previous year. In general, the import price saw a abrupt downturn. The pace of growth appeared the most rapid in 2017 an increase of 60%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 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 Belgium ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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