Norway: Lip Make-Up Preparations Market 2024

Lip Make-Up Preparations Market Size in Norway

In 2022, the Norwegian lip make-up preparations market increased by 8.8% to $X, rising for the second year in a row after two years of decline. Overall, the total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.4% 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 +35.9% against 2020 indices. Lip make-up preparations consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Lip Make-Up Preparations Exports

Exports from Norway

In 2022, after two years of growth, there was significant decline in shipments abroad of lip make-up preparations, when their volume decreased by -44.6% to X tons. Over the period under review, exports continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2020 when exports increased by 57%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, lip make-up preparations exports dropped dramatically to $X in 2022. Overall, exports saw a abrupt downturn. The growth pace was the most rapid in 2020 when exports increased by 137%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden (X tons), Germany (X tons) and Denmark (X kg) were the main destinations of lip make-up preparations exports from Norway, together comprising 99% 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 Sweden (with a CAGR of -14.9%), while the other leaders experienced a decline.

In value terms, Sweden ($X) remains the key foreign market for lip make-up preparations exports from Norway, comprising 61% of total exports. The second position in the ranking was held by Germany ($X), with a 28% share of total exports. It was followed by Denmark, with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden totaled -5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-12.6% per year) and Denmark (-14.8% per year).

Export Prices by Country

The average lip make-up preparations export price stood at $X per ton in 2022, shrinking by -14.2% against the previous year. Over the period under review, the export price, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 107% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then fell in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to the Netherlands ($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 Lithuania (+45.3%), while the prices for the other major destinations experienced more modest paces of growth.

Lip Make-Up Preparations Imports

Imports into Norway

In 2022, purchases abroad of lip make-up preparations was finally on the rise to reach X tons after six years of decline. Overall, imports, however, saw a deep slump. The pace of growth was the most pronounced in 2015 when imports increased by 23% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, lip make-up preparations imports totaled $X in 2022. In general, imports, however, continue to indicate a slight reduction. The growth pace was the most rapid in 2021 when imports increased by 36%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

France (X tons), China (X tons) and the United States (X tons) were the main suppliers of lip make-up preparations imports to Norway, together comprising 49% of total imports. The UK, Sweden, Italy, Taiwan (Chinese), Germany, Denmark, South Korea, Belgium and Canada lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +47.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the United States ($X) and Italy ($X) constituted the largest lip make-up preparations suppliers to Norway, with a combined 58% share of total imports. China, the UK, Germany, Sweden, Taiwan (Chinese), Denmark, South Korea, Belgium and Canada lagged somewhat behind, together comprising a further 35%.

Among the main suppliers, South Korea, with a CAGR of +57.6%, recorded the highest growth rate of 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

The average lip make-up preparations import price stood at $X per ton in 2022, which is down by -2.1% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lip make-up preparations import price increased by +74.6% against 2015 indices. The pace of growth appeared the most rapid in 2021 an increase of 39% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank 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 Italy ($X per ton), while the price for Sweden ($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 (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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