Portugal: Lip Make-Up Preparations Market 2024

Lip Make-Up Preparations Market Size in Portugal

In 2022, the Portuguese lip make-up preparations market increased by 44% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption posted tangible growth. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Lip Make-Up Preparations Production in Portugal

In value terms, lip make-up preparations production rose remarkably to $X in 2022 estimated in export price. Overall, production posted a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 367% against the previous year. Over the period under review, production reached the peak level in 2022 and is likely to see steady growth in the immediate term.

Lip Make-Up Preparations Exports

Exports from Portugal

In 2022, lip make-up preparations exports from Portugal skyrocketed to X tons, with an increase of 29% on the previous year's figure. Overall, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of 286% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, lip make-up preparations exports shrank to $X in 2022. Over the period under review, exports enjoyed a remarkable increase. The growth pace was the most rapid in 2019 when exports increased by 48% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then dropped in the following year.

Exports by Country

Spain (X tons) was the main destination for lip make-up preparations exports from Portugal, with a 38% share of total exports. Moreover, lip make-up preparations exports to Spain exceeded the volume sent to the second major destination, Angola (X tons), fourfold. The UK (X tons) ranked third in terms of total exports with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain amounted to +6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (+2.4% per year) and the UK (+35.8% per year).

In value terms, Spain ($X) remains the key foreign market for lip make-up preparations exports from Portugal, comprising 22% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 7.2% share of total exports. It was followed by the United States, with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain totaled +11.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+173.8% per year) and the United States (+172.0% per year).

Export Prices by Country

The average lip make-up preparations export price stood at $X per ton in 2022, with a decrease of -30.9% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 121%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Spain ($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 the United States (+19.7%), while the prices for the other major destinations experienced more modest paces of growth.

Lip Make-Up Preparations Imports

Imports into Portugal

In 2022, supplies from abroad of lip make-up preparations was finally on the rise to reach X tons after four years of decline. Over the period under review, imports saw a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, lip make-up preparations imports soared to $X in 2022. In general, total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.1% 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 +50.7% against 2020 indices. The pace of growth was the most pronounced in 2014 when imports increased by 44% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Spain (X tons) constituted the largest lip make-up preparations supplier to Portugal, with a 54% share of total imports. Moreover, lip make-up preparations imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. Italy (X tons) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2022, the average annual growth rate of volume from Spain stood at +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.3% per year) and Italy (+9.8% per year).

In value terms, Spain ($X) constituted the largest supplier of lip make-up preparations to Portugal, comprising 47% of total imports. The second position in the ranking was taken by Italy ($X), with a 16% share of total imports. It was followed by Germany, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from Spain stood at +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+11.2% per year) and Germany (+5.1% per year).

Import Prices by Country

In 2022, the average lip make-up preparations import price amounted to $X per ton, with a decrease of -4% against the previous year. Overall, the import price, however, enjoyed noticeable growth. The pace of growth appeared the most rapid in 2018 when the average import price increased by 36% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Ireland ($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 (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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