Middle East: Lip Make-Up Preparations Market 2024

Lip Make-Up Preparations Market Size in the Middle East

The Middle Eastern lip make-up preparations market fell dramatically to $X in 2022, dropping by -28.2% against the previous year. Over the period under review, consumption, however, posted strong growth. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Lip Make-Up Preparations Production in the Middle East

In value terms, lip make-up preparations production rose notably to $X in 2022 estimated in export price. Overall, production, however, saw a prominent increase. The pace of growth was the most pronounced in 2017 when the production volume increased by 65%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Lip Make-Up Preparations Exports

Exports in the Middle East

After three years of decline, shipments abroad of lip make-up preparations increased by 3.1% to X tons in 2022. Overall, exports posted resilient growth. The pace of growth appeared the most rapid in 2016 when exports increased by 57%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, lip make-up preparations exports reached $X in 2022. In general, exports enjoyed a resilient expansion. The growth pace was the most rapid in 2016 when exports increased by 75%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Turkey (X tons) represented the main exporter of lip make-up preparations, committing 63% of total exports. The United Arab Emirates (X tons) held a 23% share (based on physical terms) of total exports, which put it in second place, followed by Oman (5.3%). Kuwait (X tons) and Saudi Arabia (X tons) held a relatively small share of total exports.

Exports from Turkey increased at an average annual rate of +5.5% from 2012 to 2022. At the same time, Oman (+50.6%), Kuwait (+40.3%), Saudi Arabia (+13.5%) and the United Arab Emirates (+12.5%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +50.6% from 2012-2022. From 2012 to 2022, the share of the United Arab Emirates, Oman and Kuwait increased by +7.8, +5.2 and +3.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest lip make-up preparations supplier in the Middle East, comprising 55% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 28% share of total exports. It was followed by Kuwait, with a 7.7% share.

From 2012 to 2022, the average annual growth rate of value in Turkey amounted to +9.9%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+12.6% per year) and Kuwait (+56.5% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, surging by 4.3% against the previous year. Over the last decade, it increased at an average annual rate of +3.9%. The growth pace was the most rapid in 2013 an increase of 15%. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+20.5%), while the other leaders experienced more modest paces of growth.

Lip Make-Up Preparations Imports

Imports in the Middle East

In 2022, imports of lip make-up preparations in the Middle East declined rapidly to X tons, with a decrease of -28.6% against the previous year's figure. Total imports indicated a slight increase from 2012 to 2022: its volume increased at an average annual rate of +1.3% 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 -38.6% against 2019 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 29%. Over the period under review, imports attained the maximum 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 fell rapidly to $X in 2022. Total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +3.3% 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 -32.7% against 2019 indices. The pace of growth was the most pronounced in 2014 when imports increased by 22%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates was the major importer of lip make-up preparations in the Middle East, with the volume of imports finishing at X tons, which was approx. 37% of total imports in 2022. It was distantly followed by Turkey (X tons), Qatar (X tons), Iraq (X tons), Kuwait (X tons) and Oman (X tons), together comprising a 53% share of total imports. Bahrain (X tons) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Iraq (with a CAGR of +16.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported lip make-up preparations in the Middle East, comprising 40% of total imports. The second position in the ranking was held by Turkey ($X), with an 18% share of total imports. It was followed by Qatar, with a 14% share.

In the United Arab Emirates, lip make-up preparations imports increased at an average annual rate of +9.5% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (+6.9% per year) and Qatar (+4.0% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, growing by 15% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2013 an increase of 16% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

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 ($X per ton), while Iraq ($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 (+5.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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