Middle East: Cosmetics Market 2024

Cosmetics Market Size in the Middle East

The Middle Eastern cosmetics market contracted to $X in 2022, with a decrease of X% against the previous year. In general, consumption, however, recorded a remarkable increase. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Cosmetics Production in the Middle East

In value terms, cosmetics production skyrocketed to $X in 2022 estimated in export price. Overall, production recorded a buoyant increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Cosmetics Exports

Exports in the Middle East

In 2022, shipments abroad of cosmetics increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports recorded a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, cosmetics exports skyrocketed to $X in 2022. Over the period under review, exports posted a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, the United Arab Emirates (X tons) was the major exporter of cosmetics, creating X% of total exports. It was distantly followed by Turkey (X tons) and Israel (X tons), together constituting a X% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the cosmetics exports, with a CAGR of X% from 2012 to 2022. At the same time, Turkey (X%) displayed positive paces of growth. Israel experienced a relatively flat trend pattern. The United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while Turkey and Israel saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) remains the largest cosmetics supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Israel ($X), with a X% share of total exports.

In the United Arab Emirates, cosmetics exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Israel (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, falling by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the export price increased by X%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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 ($X per ton), while the United Arab Emirates ($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 (X%), while the other leaders experienced more modest paces of growth.

Cosmetics Imports

Imports in the Middle East

Cosmetics imports expanded sharply to X tons in 2022, with an increase of X% compared with the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, cosmetics imports expanded rapidly to $X in 2022. Total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the major importer of cosmetics, making up X% of total imports. Saudi Arabia (X tons) ranks second in terms of the total imports with a X% share, followed by Turkey (X%), Iraq (X%) and Kuwait (X%). Oman (X tons) and Yemen (X tons) followed a long way behind the leaders.

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

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported cosmetics in the Middle East, comprising X% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

In the United Arab Emirates, cosmetics imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and Turkey (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, falling by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2019 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the import prices failed to regain momentum.

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 Iraq (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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