Slovakia: Market for Beauty, Make-Up And Skin Care Preparations 2024

Market Size for Beauty, Make-Up And Skin Care Preparations in Slovakia

In 2022, after four years of growth, there was decline in the Slovak market for beauty, make-up and skin care preparations, when its value decreased by -0.8% to $X. In general, consumption, however, recorded a slight downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Beauty, Make-Up And Skin Care Preparations in Slovakia

In value terms, production of beauty, make-up and skin care preparations declined sharply to $X in 2022 estimated in export price. Overall, production showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 when the production volume increased by 32% against the previous year. Over the period under review, production of attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Beauty, Make-Up And Skin Care Preparations

Exports from Slovakia

In 2022, approx. X tons of beauty, make-up and skin care preparations were exported from Slovakia; which is down by -6.5% on the year before. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 216%. Over the period under review, the exports of reached the peak figure at X tons in 2021, and then reduced in the following year.

In value terms, exports of beauty, make-up and skin care preparations reduced to $X in 2022. In general, exports, however, posted a significant expansion. The growth pace was the most rapid in 2016 with an increase of 174% against the previous year. The exports peaked at $X in 2021, and then dropped in the following year.

Exports by Country

The Czech Republic (X tons), Austria (X tons) and Hungary (X tons) were the main destinations of exports of beauty, make-up and skin care preparations from Slovakia, with a combined 63% share of total exports. Romania, Serbia, Croatia and Bulgaria lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Croatia (with a CAGR of +123.3%), while the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) remains the key foreign market for beauty, make-up and skin care preparations exports from Slovakia, comprising 38% of total exports. The second position in the ranking was taken by Austria ($X), with a 19% share of total exports. It was followed by Hungary, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Czech Republic stood at +14.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+99.1% per year) and Hungary (+15.1% per year).

Export Prices by Country

In 2022, the average export price for beauty, make-up and skin care preparations amounted to $X per ton, shrinking by -6.3% against the previous year. In general, the export price continues to indicate a mild decline. The pace of growth appeared the most rapid in 2014 an increase of 19% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Romania ($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 Czech Republic (+3.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Beauty, Make-Up And Skin Care Preparations

Imports into Slovakia

Imports of beauty, make-up and skin care preparations into Slovakia dropped modestly to X tons in 2022, remaining stable against the year before. Over the period under review, imports, however, recorded a temperate expansion. The most prominent rate of growth was recorded in 2017 with an increase of 43% against the previous year. Imports peaked at X tons in 2021, and then shrank in the following year.

In value terms, imports of beauty, make-up and skin care preparations shrank to $X in 2022. In general, imports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2016 with an increase of 41%. Over the period under review, imports of attained the peak figure at $X in 2021, and then reduced in the following year.

Imports by Country

Spain (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of imports of beauty, make-up and skin care preparations to Slovakia, with a combined 54% share of total imports. The Czech Republic, France, the Netherlands, Hungary and Greece lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +32.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest beauty, make-up and skin care preparations suppliers to Slovakia were France ($X), Poland ($X) and Germany ($X), together accounting for 42% of total imports. The Czech Republic, Spain, the Netherlands, Hungary and Greece lagged somewhat behind, together accounting for a further 27%.

Among the main suppliers, the Netherlands, with a CAGR of +31.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for beauty, make-up and skin care preparations stood at $X per ton in 2022, waning by -8.6% against the previous year. Over the last decade, it increased at an average annual rate of +5.9%. The growth pace was the most rapid in 2013 when the average import price increased by 71%. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then shrank in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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