Norway: Eye Make-Up Preparations Market 2024

Eye Make-Up Preparations Market Size in Norway

The Norwegian eye make-up preparations market contracted to $X in 2022, declining by -7.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Eye Make-Up Preparations Exports

Exports from Norway

Eye make-up preparations exports from Norway reached X tons in 2022, surging by 7% compared with 2021. Over the period under review, exports showed a resilient increase. The pace of growth was the most pronounced in 2016 with an increase of 86% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, eye make-up preparations exports contracted to $X in 2022. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 189%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Sweden (X tons), Germany (X tons) and Denmark (X tons) were the main destinations of eye make-up preparations exports from Norway, with a combined 99% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +22.6%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Germany ($X) and Denmark ($X) constituted the largest markets for eye make-up preparations exported from Norway worldwide, with a combined 99% share of total exports.

Among the main countries of destination, Germany, with a CAGR of +35.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average eye make-up preparations export price stood at $X per ton in 2022, shrinking by -15.7% against the previous year. In general, the export price, however, continues to indicate a temperate expansion. The growth pace was the most rapid in 2017 when the average export price increased by 76% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Germany ($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 (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Eye Make-Up Preparations Imports

Imports into Norway

In 2022, supplies from abroad of eye make-up preparations increased by 1.5% to X tons, rising for the second consecutive year after three years of decline. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 17%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, eye make-up preparations imports declined to $X in 2022. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 37%. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

Italy (X tons), China (X tons) and France (X tons) were the main suppliers of eye make-up preparations imports to Norway, with a combined 43% share of total imports. The United States, Sweden, the UK, Germany, Denmark and South Korea lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +115.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest eye make-up preparations suppliers to Norway were Italy ($X), the United States ($X) and France ($X), together accounting for 55% of total imports. Germany, the UK, China, Sweden, South Korea and Denmark lagged somewhat behind, together comprising a further 32%.

Among the main suppliers, South Korea, with a CAGR of +115.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average eye make-up preparations import price amounted to $X per ton, shrinking by -9.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2021 when the average import price increased by 24% against the previous year. As a result, import price attained the peak level of $X per ton, and then contracted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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