Myanmar: Eye Make-Up Preparations Market 2024

Eye Make-Up Preparations Market Size in Myanmar

In 2022, the Myanmar's eye make-up preparations market decreased by -24.6% to $X, falling for the fourth consecutive year after three years of growth. Over the period under review, consumption, however, recorded a strong increase. Eye make-up preparations consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Eye Make-Up Preparations Exports

Exports from Myanmar

In 2022, the amount of eye make-up preparations exported from Myanmar stood at X kg, leveling off at the year before. Over the period under review, exports recorded a deep slump. The most prominent rate of growth was recorded in 2019 when exports increased by 2,321%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, eye make-up preparations exports totaled $X in 2022. In general, exports faced a sharp descent. The growth pace was the most rapid in 2019 with an increase of 718% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Luxembourg (X kg) was the main destination for eye make-up preparations exports from Myanmar, with a 8.3% share of total exports. Moreover, eye make-up preparations exports to Luxembourg exceeded the volume sent to the second major destination, Nicaragua (X kg), threefold. The third position in this ranking was taken by Ireland (X kg), with a 2.8% share.

From 2012 to 2022, the average annual growth rate of volume to Luxembourg totaled -38.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (0.0% per year) and Ireland (0.0% per year).

It was followed by Ireland, with a 1.3% share.

From 2012 to 2022, the average annual growth rate of value to Luxembourg totaled -43.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-42.1% per year) and Ireland (0.0% per year).

Export Prices by Country

In 2022, the average eye make-up preparations export price amounted to $X per ton, approximately equating the previous year. Overall, the export price recorded a abrupt slump. The pace of growth was the most pronounced in 2018 when the average export price increased by 28,528% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Nicaragua ($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 Germany (+25.4%), while the prices for the other major destinations experienced mixed trend patterns.

Eye Make-Up Preparations Imports

Imports into Myanmar

In 2022, purchases abroad of eye make-up preparations decreased by -62.3% to X tons, falling for the fourth year in a row after two years of growth. Overall, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 406% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, eye make-up preparations imports contracted remarkably to $X in 2022. In general, imports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2017 with an increase of 269%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest eye make-up preparations supplier to Myanmar, accounting for a 63% share of total imports. Moreover, eye make-up preparations imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold. The third position in this ranking was held by Germany (X kg), with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +32.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+4.8% per year) and Germany (+28.8% per year).

In value terms, China ($X) constituted the largest supplier of eye make-up preparations to Myanmar, comprising 84% of total imports. The second position in the ranking was held by Thailand ($X), with an 8.2% share of total imports. It was followed by the United States, with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +34.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-4.5% per year) and the United States (+7.0% per year).

Import Prices by Country

The average eye make-up preparations import price stood at $X per ton in 2022, increasing by 101% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by 192% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :