Saudi Arabia: Eye Make-Up Preparations Market 2024

Eye Make-Up Preparations Market Size in Saudi Arabia

The Saudi eye make-up preparations market dropped sharply to less than $X in 2022, reducing by 99.9% against the previous year. In general, consumption continues to indicate a resilient expansion. Over the period under review, the market hit record highs at $X in 2021, and then declined markedly in the following year.

Eye Make-Up Preparations Production in Saudi Arabia

In value terms, eye make-up preparations production totaled $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. Eye make-up preparations production peaked in 2022 and is expected to retain growth in the immediate term.

Eye Make-Up Preparations Exports

Exports from Saudi Arabia

In 2022, approx. X tons of eye make-up preparations were exported from Saudi Arabia; increasing by 7.9% on 2021 figures. In general, exports posted a buoyant increase. The pace of growth was the most pronounced in 2013 when exports increased by 771% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, eye make-up preparations exports reached $X in 2022. Overall, exports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2013 when exports increased by 1,193% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons), the UK (X kg) and the Netherlands (X kg) were the main destinations of eye make-up preparations exports from Saudi Arabia, together comprising 46% of total exports. Cyprus, Germany, Turkey and Egypt lagged somewhat behind, together comprising a further 20%.

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 +73.1%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for eye make-up preparations exports from Saudi Arabia, comprising 26% of total exports. The second position in the ranking was held by Germany ($X), with a 10% share of total exports. It was followed by Cyprus, with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled -9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+89.1% per year) and Cyprus (0.0% per year).

Export Prices by Country

In 2022, the average eye make-up preparations export price amounted to $X per ton, increasing by 5.3% against the previous year. Overall, the export price enjoyed notable growth. The most prominent rate of growth was recorded in 2019 an increase of 187% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the Netherlands ($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 Turkey (+98.9%), while the prices for the other major destinations experienced more modest paces of growth.

Eye Make-Up Preparations Imports

Imports into Saudi Arabia

In 2021, eye make-up preparations imports into Saudi Arabia skyrocketed to X tons, surging by 56% on the year before. Over the period under review, total imports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, eye make-up preparations imports skyrocketed to $X in 2021. Overall, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by 26% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest eye make-up preparations supplier to Saudi Arabia, with a 52% share of total imports. Moreover, eye make-up preparations imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. The third position in this ranking was taken by Germany (X tons), with an 8.1% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+9.0% per year) and Germany (+3.3% per year).

In value terms, the largest eye make-up preparations suppliers to Saudi Arabia were Italy ($X), China ($X) and France ($X), together accounting for 54% of total imports. Germany, the United States, South Korea, the UK and Hong Kong SAR lagged somewhat behind, together comprising a further 28%.

South Korea, with a CAGR of +20.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average eye make-up preparations import price amounted to $X per ton, waning by -22.3% against the previous year. Overall, import price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the average import price increased by 33%. Over the period under review, average import prices attained the maximum at $X per ton in 2020, and then plummeted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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