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

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

The MENA's market for beauty, make-up and skin care preparations fell to $X in 2022, which is down by -4.6% against the previous year. Overall, consumption, however, posted a buoyant expansion. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

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

In value terms, production of beauty, make-up and skin care preparations shrank modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a resilient increase. The growth pace was the most rapid in 2019 with an increase of 68% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production of growth remained at a somewhat lower figure.

Exports of Beauty, Make-Up And Skin Care Preparations

Exports in MENA

After two years of growth, overseas shipments of beauty, make-up and skin care preparations decreased by -6.6% to X tons in 2022. Total exports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 25% against the previous year. Over the period under review, the exports of reached the peak figure at X tons in 2021, and then shrank in the following year.

In value terms, exports of beauty, make-up and skin care preparations rose markedly to $X in 2022. Overall, exports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2017 with an increase of 26% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

The United Arab Emirates was the key exporter of beauty, make-up and skin care preparations in MENA, with the volume of exports reaching X tons, which was approx. 43% of total exports in 2022. Turkey (X tons) ranks second in terms of the total exports with a 23% share, followed by Israel (19%). The following exporters - Oman (X tons), Egypt (X tons), Lebanon (X tons) and Jordan (X tons) - together made up 9% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Oman (with a CAGR of +47.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest beauty, make-up and skin care preparations supplying countries in MENA were Israel ($X), the United Arab Emirates ($X) and Turkey ($X), together accounting for 88% of total exports. Egypt, Lebanon, Jordan and Oman lagged somewhat behind, together comprising a further 6%.

Oman, with a CAGR of +43.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, increasing by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2017 an increase of 14%. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+7.6%), while the other leaders experienced more modest paces of growth.

Imports of Beauty, Make-Up And Skin Care Preparations

Imports in MENA

In 2022, imports of beauty, make-up and skin care preparations in MENA shrank modestly to X tons, with a decrease of -4.1% on 2021 figures. The total import volume increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 16%. Over the period under review, imports of reached the maximum at X tons in 2021, and then dropped modestly in the following year.

In value terms, imports of beauty, make-up and skin care preparations fell to $X in 2022. Total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -3.5% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of 26% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons) and Saudi Arabia (X tons) were the largest importers of beauty, make-up and skin care preparations in MENA, together achieving 52% of total imports. Turkey (X tons) took a 9.7% share (based on physical terms) of total imports, which put it in second place, followed by Iraq (6.1%) and Algeria (5.5%). The following importers - Morocco (X tons), Oman (X tons), Kuwait (X tons), Israel (X tons), Yemen (X tons), Libya (X tons) and Tunisia (X tons) - together made up 19% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Iraq (with a CAGR of +17.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Turkey ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 59% of total imports. Kuwait, Israel, Iraq, Morocco, Algeria, Oman, Tunisia, Libya and Yemen lagged somewhat behind, together comprising a further 33%.

Iraq, with a CAGR of +23.9%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The growth pace was the most rapid in 2019 when the import price increased by 11% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kuwait ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Libya (+8.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform