Report Panama - Lip Make-Up Preparations - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Panama - Lip Make-Up Preparations - Market Analysis, Forecast, Size, Trends and Insights

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Panama: Lip Make-Up Preparations Market 2024

Lip Make-Up Preparations Market Size in Panama

The Panamanian lip make-up preparations market was finally on the rise to reach $X in 2022, after two years of decline. In general, consumption, however, saw a abrupt shrinkage. Lip make-up preparations consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Lip Make-Up Preparations Exports

Exports from Panama

After two years of decline, overseas shipments of lip make-up preparations increased by 77% to X tons in 2022. Overall, exports, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2014 when exports increased by 974%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, lip make-up preparations exports skyrocketed to $X in 2022. In general, exports, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2014 when exports increased by 999%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Chile (X tons) was the main destination for lip make-up preparations exports from Panama, with a 78% share of total exports. Moreover, lip make-up preparations exports to Chile exceeded the volume sent to the second major destination, Barbados (X tons), more than tenfold. Bolivia (X tons) ranked third in terms of total exports with a 5.7% share.

From 2012 to 2022, the average annual growth rate of volume to Chile totaled +59.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Barbados (+32.2% per year) and Bolivia (-1.6% per year).

In value terms, Chile ($X) emerged as the key foreign market for lip make-up preparations exports from Panama, comprising 84% of total exports. The second position in the ranking was held by El Salvador ($X), with a 4% share of total exports. It was followed by Guatemala, with a 3.8% share.

From 2012 to 2022, the average annual growth rate of value to Chile totaled +53.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (+15.4% per year) and Guatemala (-28.5% per year).

Export Prices by Country

In 2022, the average lip make-up preparations export price amounted to $X per ton, declining by -20.4% against the previous year. Over the period under review, the export price recorded a deep reduction. The pace of growth appeared the most rapid in 2013 an increase of 28% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($X per ton), while the average price for exports to Barbados ($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 Venezuela (+33.6%), while the prices for the other major destinations experienced more modest paces of growth.

Lip Make-Up Preparations Imports

Imports into Panama

After two years of decline, overseas purchases of lip make-up preparations increased by 89% to X tons in 2022. Overall, imports, however, faced a abrupt decline. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, lip make-up preparations imports soared to $X in 2022. Over the period under review, imports, however, recorded a deep reduction. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Free Zones (X tons) constituted the largest supplier of lip make-up preparations to Panama, with a 50% share of total imports. Moreover, lip make-up preparations imports from Free Zones exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was taken by Colombia (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Free Zones amounted to +55.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-11.5% per year) and Colombia (+43.7% per year).

In value terms, Free Zones ($X) constituted the largest supplier of lip make-up preparations to Panama, comprising 36% of total imports. The second position in the ranking was held by the United States ($X), with an 18% share of total imports. It was followed by Colombia, with a 17% share.

From 2012 to 2022, the average annual growth rate of value from Free Zones totaled +40.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-15.4% per year) and Colombia (+57.7% per year).

Import Prices by Country

In 2022, the average lip make-up preparations import price amounted to $X per ton, waning by -20.3% against the previous year. Overall, the import price continues to indicate a slight decline. The most prominent rate of growth was recorded in 2017 when the average import price increased by 47% against the previous year. The import price 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 origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Free Zones ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

This report provides an in-depth analysis of the lip make-up preparations market in Panama. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20421250 - Lip make-up preparations

Country coverage:

  • Panama

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Panama
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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