Peru: Lip Make-Up Preparations Market 2024

Lip Make-Up Preparations Market Size in Peru

After three years of decline, the Peruvian lip make-up preparations market increased by 1.2% to $X in 2022. Over the period under review, consumption recorded a abrupt decline. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Lip Make-Up Preparations Production in Peru

In value terms, lip make-up preparations production surged to $X in 2022 estimated in export price. In general, production, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 90% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Lip Make-Up Preparations Exports

Exports from Peru

In 2022, overseas shipments of lip make-up preparations were finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, showed a dramatic shrinkage. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, lip make-up preparations exports skyrocketed to $X in 2022. In general, exports, however, showed a dramatic decline. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Chile (X tons), Bolivia (X tons) and Ecuador (X tons) were the main destinations of lip make-up preparations exports from Peru, with a combined 80% share of total exports. Mexico, Colombia and Guatemala lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guatemala (with a CAGR of -7.2%), while the other leaders experienced a decline.

In value terms, Bolivia ($X), Chile ($X) and Mexico ($X) appeared to be the largest markets for lip make-up preparations exported from Peru worldwide, with a combined 75% share of total exports.

Mexico, with a CAGR of -9.4%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average lip make-up preparations export price amounted to $X per ton, waning by -16.2% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 20%. As a result, the export price reached the peak level of $X per ton, and then reduced sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Chile ($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 Bolivia (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Lip Make-Up Preparations Imports

Imports into Peru

In 2022, lip make-up preparations imports into Peru reduced to X tons, which is down by -6.7% against the previous year's figure. Overall, imports, however, recorded resilient growth. The growth pace was the most rapid in 2014 with an increase of 54%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, lip make-up preparations imports fell to $X in 2022. In general, imports showed a mild contraction. The pace of growth appeared the most rapid in 2017 with an increase of 29% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Colombia (X tons), China (X tons) and the United States (X tons) were the main suppliers of lip make-up preparations imports to Peru, with a combined 88% share of total imports. Brazil, Mexico and Russia lagged somewhat behind, together comprising a further 7.5%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +15.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X) constituted the largest supplier of lip make-up preparations to Peru, comprising 54% of total imports. The second position in the ranking was held by the United States ($X), with a 10% share of total imports. It was followed by China, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value from Colombia amounted to -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+8.6% per year) and China (+12.7% per year).

Import Prices by Country

In 2022, the average lip make-up preparations import price amounted to $X per ton, surging by 4.9% against the previous year. Overall, the import price, however, saw a abrupt descent. The growth pace was the most rapid in 2019 an increase of 14% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Brazil ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+6.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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