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

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

In 2022, after eight years of growth, there was decline in the North American market for beauty, make-up and skin care preparations, when its value decreased by -1% to $X. Over the period under review, consumption, however, recorded a resilient expansion. Over the period under review, the market attained the peak level at $X in 2021, and then declined modestly in the following year.

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

In value terms, production of beauty, make-up and skin care preparations dropped modestly to $X in 2022 estimated in export price. In general, production, however, posted strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 32%. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Beauty, Make-Up And Skin Care Preparations

Exports in Northern America

In 2022, exports of beauty, make-up and skin care preparations in Northern America reached X tons, picking up by 2.7% on 2021 figures. In general, exports, however, saw a mild curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 16% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of beauty, make-up and skin care preparations reached $X in 2022. Total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +7.3% 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 +102.2% against 2012 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 18%. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

In 2022, the United States (X tons) represented the main exporter of beauty, make-up and skin care preparations, constituting 78% of total exports. It was distantly followed by Canada (X tons), mixing up a 22% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to beauty, make-up and skin care preparations exports from the United States stood at -1.4%. Canada experienced a relatively flat trend pattern. From 2012 to 2022, the share of Canada increased by +2.8 percentage points.

In value terms, the United States ($X) remains the largest beauty, make-up and skin care preparations supplier in Northern America, comprising 80% of total exports. The second position in the ranking was held by Canada ($X), with a 20% share of total exports.

In the United States, exports of beauty, make-up and skin care preparations expanded at an average annual rate of +7.2% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, increasing by 6.3% against the previous year. Over the period under review, the export price continues to indicate a strong increase. The pace of growth was the most pronounced in 2018 when the export price increased by 19%. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.7%).

Imports of Beauty, Make-Up And Skin Care Preparations

Imports in Northern America

In 2022, purchases abroad of beauty, make-up and skin care preparations increased by 1.4% to X tons, rising for the seventh year in a row after two years of decline. In general, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, imports of beauty, make-up and skin care preparations rose notably to $X in 2022. Total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +8.2% 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 +37.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the United States (X tons) was the major importer of beauty, make-up and skin care preparations, creating 84% of total imports. It was distantly followed by Canada (X tons), making up a 16% share of total imports.

The United States was also the fastest-growing in terms of the beauty, make-up and skin care preparations imports, with a CAGR of +9.2% from 2012 to 2022. At the same time, Canada (+1.3%) displayed positive paces of growth. The United States (+13 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -12.5% from 2012 to 2022, respectively.

In value terms, the United States ($X) constitutes the largest market for imported beauty, make-up and skin care preparations in Northern America, comprising 77% of total imports. The second position in the ranking was taken by Canada ($X), with a 23% share of total imports.

In the United States, imports of beauty, make-up and skin care preparations expanded at an average annual rate of +9.0% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, increasing by 10% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the import price increased by 11%. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, 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 Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+4.7%).

Source: IndexBox Platform

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