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

Market Size for Beauty, Make-Up And Skin Care Preparations in the Middle East

The Middle Eastern market for beauty, make-up and skin care preparations dropped to $X in 2022, with a decrease of -6.7% against the previous year. In general, consumption, however, recorded a strong increase. As a result, consumption attained 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 the Middle East

In value terms, production of beauty, make-up and skin care preparations declined to $X in 2022 estimated in export price. In general, production, however, continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2019 when the production volume increased by 87%. As a result, production attained the peak level of $X. From 2020 to 2022, production of growth remained at a lower figure.

Exports of Beauty, Make-Up And Skin Care Preparations

Exports in the Middle East

In 2022, overseas shipments of beauty, make-up and skin care preparations decreased by -8.3% to X tons for the first time since 2019, thus ending a two-year rising trend. Total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +80.4% against 2012 indices. The growth pace was the most rapid in 2013 when exports increased by 23%. Over the period under review, the exports of hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, exports of beauty, make-up and skin care preparations expanded to $X in 2022. Overall, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2017 when exports increased by 29% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

In 2022, the United Arab Emirates (X tons) represented the major exporter of beauty, make-up and skin care preparations, making up 46% of total exports. Turkey (X tons) held a 25% share (based on physical terms) of total exports, which put it in second place, followed by Israel (21%). Oman (X tons), Lebanon (X tons) and Jordan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of +47.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), the United Arab Emirates ($X) and Turkey ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 93% share of total exports. Lebanon, Jordan and Oman lagged somewhat behind, together accounting for a further 4.5%.

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

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, increasing by 14% against the previous year. Over the last decade, it increased at an average annual rate of +3.8%. The pace of growth was the most pronounced in 2017 when the export price increased by 15%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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 the Middle East

In 2022, approx. X tons of beauty, make-up and skin care preparations were imported in the Middle East; which is down by -4.4% against the year before. The total import volume increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 21% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2021, and then contracted in the following year.

In value terms, imports of beauty, make-up and skin care preparations reduced slightly to $X in 2022. Total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.1% 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 -5.1% against 2019 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 26%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons) and Saudi Arabia (X tons) represented roughly 61% of total imports in 2022. Turkey (X tons) took an 11% share (based on physical terms) of total imports, which put it in second place, followed by Iraq (7.2%). Oman (X tons), Kuwait (X tons), Israel (X tons), Yemen (X tons) and Bahrain (X tons) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Iraq (with a CAGR of +17.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest beauty, make-up and skin care preparations importing markets in the Middle East were the United Arab Emirates ($X), Saudi Arabia ($X) and Turkey ($X), together accounting for 66% of total imports. Kuwait, Israel, Iraq, Oman, Bahrain and Yemen lagged somewhat behind, together accounting for a further 27%.

Iraq, with a CAGR of +23.9%, recorded the highest growth rate of the value of imports, among 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 the Middle East stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The pace of growth appeared the most rapid in 2019 when the import price increased by 14% 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 somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 Kuwait (+8.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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