Singapore: Eye Make-Up Preparations Market 2024

Eye Make-Up Preparations Market Size in Singapore

The Singaporean eye make-up preparations market surged to $X in 2022, increasing by 165% against the previous year. Overall, consumption posted a prominent increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Eye Make-Up Preparations Production in Singapore

In value terms, eye make-up preparations production contracted to $X in 2022 estimated in export price. Overall, production, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 149% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Eye Make-Up Preparations Exports

Exports from Singapore

In 2022, exports of eye make-up preparations from Singapore contracted notably to X tons, declining by -52.7% on the previous year. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 55% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, eye make-up preparations exports shrank dramatically to $X in 2022. Over the period under review, exports, however, continue to indicate tangible growth. The pace of growth appeared the most rapid in 2021 with an increase of 48%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

South Korea (X tons), China (X tons) and Japan (X tons) were the main destinations of eye make-up preparations exports from Singapore, with a combined 66% share of total exports. Hong Kong SAR, Australia, Taiwan (Chinese), Indonesia, Thailand and France lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +10.9%), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), China ($X) and Japan ($X) constituted the largest markets for eye make-up preparations exported from Singapore worldwide, with a combined 66% share of total exports. Hong Kong SAR, Australia, Taiwan (Chinese), Indonesia, Thailand and France lagged somewhat behind, together comprising a further 23%.

In terms of the main countries of destination, Australia, with a CAGR of +15.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average eye make-up preparations export price stood at $X per ton in 2022, jumping by 35% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.6%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to France ($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 China (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Eye Make-Up Preparations Imports

Imports into Singapore

Eye make-up preparations imports into Singapore contracted rapidly to X tons in 2022, which is down by -41.2% compared with the previous year. In general, imports continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2018 when imports increased by 28%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, eye make-up preparations imports contracted sharply to $X in 2022. Over the period under review, imports, however, posted notable growth. The most prominent rate of growth was recorded in 2018 with an increase of 35% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

France (X tons), Japan (X tons) and the United States (X tons) were the main suppliers of eye make-up preparations imports to Singapore, with a combined 58% share of total imports. South Korea, Italy, China, Canada and Germany lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +7.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Japan ($X) and the United States ($X) constituted the largest eye make-up preparations suppliers to Singapore, together comprising 60% of total imports. South Korea, Italy, Canada, China and Germany lagged somewhat behind, together accounting for a further 32%.

Italy, with a CAGR of +13.9%, saw the highest growth rate of 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 2022, the average eye make-up preparations import price amounted to $X per ton, surging by 27% against the previous year. In general, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, eye make-up preparations import price increased by +38.0% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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