Slovenia: Lip Make-Up Preparations Market 2024

Lip Make-Up Preparations Market Size in Slovenia

In 2022, the Slovene lip make-up preparations market increased by 25% to $X, rising for the second consecutive year after three years of decline. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Lip Make-Up Preparations Exports

Exports from Slovenia

After eight years of growth, shipments abroad of lip make-up preparations decreased by -38.2% to X tons in 2022. Overall, exports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2020 when exports increased by 74%. Over the period under review, the exports attained the maximum at X tons in 2021, and then reduced remarkably in the following year.

In value terms, lip make-up preparations exports shrank remarkably to $X in 2022. Over the period under review, exports, however, recorded notable growth. The pace of growth was the most pronounced in 2018 with an increase of 75% against the previous year. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X tons) was the main destination for lip make-up preparations exports from Slovenia, accounting for a 48% share of total exports. Moreover, lip make-up preparations exports to Italy exceeded the volume sent to the second major destination, Hungary (X tons), fourfold. The third position in this ranking was taken by Croatia (X tons), with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy totaled +72.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+112.8% per year) and Croatia (-1.3% per year).

In value terms, Italy ($X), Romania ($X) and Hungary ($X) constituted the largest markets for lip make-up preparations exported from Slovenia worldwide, together accounting for 56% of total exports.

Hungary, with a CAGR of +102.2%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average lip make-up preparations export price stood at $X per ton in 2022, rising by 28% against the previous year. In general, the export price, however, saw a deep downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by 53% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Italy ($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 Greece (+10.4%), while the prices for the other major destinations experienced mixed trend patterns.

Lip Make-Up Preparations Imports

Imports into Slovenia

After three years of growth, supplies from abroad of lip make-up preparations decreased by -19.7% to X tons in 2022. Overall, total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 21%. Imports peaked at X tons in 2021, and then declined dramatically in the following year.

In value terms, lip make-up preparations imports contracted slightly to $X in 2022. In general, total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% 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 +5.0% against 2020 indices. The growth pace was the most rapid in 2017 when imports increased by 43%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Croatia (X tons) and Germany (X tons) were the main suppliers of lip make-up preparations imports to Slovenia, together accounting for 58% of total imports. Austria, the United States, France, Italy, Turkey and Poland lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +49.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest lip make-up preparations suppliers to Slovenia were Croatia ($X), China ($X) and Germany ($X), with a combined 60% share of total imports. France, the United States, Italy, Poland, Austria and Turkey lagged somewhat behind, together accounting for a further 27%.

In terms of the main suppliers, Turkey, with a CAGR of +37.2%, 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

In 2022, the average lip make-up preparations import price amounted to $X per ton, jumping by 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Croatia (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform