Northern America: Lip Make-Up Preparations Market 2024

Lip Make-Up Preparations Market Size in Northern America

In 2022, the North American lip make-up preparations market increased by 9.3% to $X, rising for the second year in a row after two years of decline. The total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +33.7% against 2020 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Lip Make-Up Preparations Production in Northern America

In value terms, lip make-up preparations production declined to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 35% against the previous year. 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 Northern America

After two years of decline, shipments abroad of lip make-up preparations increased by 23% to X tons in 2022. Total exports indicated a modest increase from 2012 to 2022: its volume increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, lip make-up preparations exports skyrocketed to $X in 2022. Total exports indicated a pronounced 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. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

The United States represented the key exporting country with an export of around X tons, which finished at 76% of total exports. It was distantly followed by Canada (X tons), comprising a 24% share of total exports.

The United States was also the fastest-growing in terms of the lip make-up preparations exports, with a CAGR of +2.1% from 2012 to 2022. Canada experienced a relatively flat trend pattern. While the share of the United States (+2.3 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Canada (-2.3 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest lip make-up preparations supplier in Northern America, comprising 72% of total exports. The second position in the ranking was held by Canada ($X), with a 28% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at +3.0%.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, picking up by 6.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2014 an increase of 14% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+3.1%).

Lip Make-Up Preparations Imports

Imports in Northern America

In 2022, supplies from abroad of lip make-up preparations increased by 15% to X tons, rising for the third consecutive year after three years of decline. The total import volume increased at an average annual rate of +4.9% 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 2016 when imports increased by 28%. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, lip make-up preparations imports skyrocketed to $X in 2022. Total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.6% 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 +47.6% against 2020 indices. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States was the largest importing country with an import of around X tons, which finished at 84% of total imports. It was distantly followed by Canada (X tons), generating a 16% share of total imports.

The United States was also the fastest-growing in terms of the lip make-up preparations imports, with a CAGR of +5.7% from 2012 to 2022. At the same time, Canada (+1.7%) displayed positive paces of growth. From 2012 to 2022, the share of the United States increased by +5.9 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported lip make-up preparations in Northern America, comprising 79% of total imports. The second position in the ranking was held by Canada ($X), with a 21% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United States stood at +5.8%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, increasing by 24% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+3.3%).

Source: IndexBox Platform

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