Scandinavia: Lip Make-Up Preparations Market 2024

Lip Make-Up Preparations Market Size in Scandinavia

In 2022, the Scandinavia lip make-up preparations market increased by 4.4% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Lip Make-Up Preparations Production in Scandinavia

In value terms, lip make-up preparations production soared to $X in 2022 estimated in export price. Overall, production showed a abrupt curtailment. The growth pace was the most rapid in 2017 with an increase of 431%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Lip Make-Up Preparations Exports

Exports in Scandinavia

In 2022, lip make-up preparations exports in Scandinavia dropped to X tons, shrinking by -5.4% on the year before. Overall, exports faced a abrupt decline. The most prominent rate of growth was recorded in 2015 with an increase of 21% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, lip make-up preparations exports fell to $X in 2022. In general, exports showed a pronounced decline. The growth pace was the most rapid in 2021 when exports increased by 46%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden prevails in exports structure, finishing at X tons, which was near 92% of total exports in 2022. It was distantly followed by Norway (X tons), generating a 5.9% share of total exports. Finland (X tons) followed a long way behind the leaders.

Sweden was also the fastest-growing in terms of the lip make-up preparations exports, with a CAGR of -8.3% from 2012 to 2022. Finland (-19.6%) and Norway (-25.5%) illustrated a downward trend over the same period. While the share of Sweden (+29 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Finland (-3.3 p.p.) and Norway (-26 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) remains the largest lip make-up preparations supplier in Scandinavia, comprising 88% of total exports. The second position in the ranking was held by Norway ($X), with a 6.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Sweden stood at +1.6%. In the other countries, the average annual rates were as follows: Norway (-15.6% per year) and Finland (-12.9% per year).

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, reducing by -9.7% against the previous year. Over the period under review, the export price, however, showed a resilient increase. The most prominent rate of growth was recorded in 2021 an increase of 45%. As a result, the export price reached the peak level of $X per ton, and then contracted in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+13.3%), while the other leaders experienced more modest paces of growth.

Lip Make-Up Preparations Imports

Imports in Scandinavia

In 2022, overseas purchases of lip make-up preparations were finally on the rise to reach X tons after six years of decline. Overall, imports, however, recorded a noticeable setback. The pace of growth appeared the most rapid in 2015 when imports increased by 16% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, lip make-up preparations imports amounted to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Sweden was the major importing country with an import of around X tons, which resulted at 60% of total imports. Norway (X tons) took the second position in the ranking, distantly followed by Finland (X tons). All these countries together took approx. 40% share of total imports.

Sweden experienced a relatively flat trend pattern with regard to volume of imports of lip make-up preparations. Finland (-1.4%) and Norway (-7.2%) illustrated a downward trend over the same period. Sweden (+16 p.p.) significantly strengthened its position in terms of the total imports, while Norway saw its share reduced by -17.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest lip make-up preparations importing markets in Scandinavia were Sweden ($X), Norway ($X) and Finland ($X).

In terms of the main importing countries, Sweden, with a CAGR of +0.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, stabilizing at the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2021 when the import price increased by 20%. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+6.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform