South Africa: Cosmetics Market 2024

Cosmetics Market Size in South Africa

In 2022, the South African cosmetics market increased by X% to $X, rising for the second year in a row after four years of decline. Overall, consumption, however, showed a noticeable descent. Cosmetics consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Cosmetics Production in South Africa

In value terms, cosmetics production totaled $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Cosmetics Exports

Exports from South Africa

In 2022, overseas shipments of cosmetics decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by X%. The exports peaked at X tons in 2021, and then contracted modestly in the following year.

In value terms, cosmetics exports dropped modestly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then declined slightly in the following year.

Exports by Country

Zimbabwe (X tons), Namibia (X tons) and Zambia (X tons) were the main destinations of cosmetics exports from South Africa, with a combined X% share of total exports. Botswana, Democratic Republic of the Congo, the United Arab Emirates, Malawi, Mozambique, Tanzania, Angola, Singapore, Swaziland and the Netherlands lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Namibia ($X), Botswana ($X) and Zimbabwe ($X) appeared to be the largest markets for cosmetics exported from South Africa worldwide, together accounting for X% of total exports. Zambia, Mozambique, the United Arab Emirates, Malawi, the Netherlands, Democratic Republic of the Congo, Swaziland, Tanzania, Singapore and Angola lagged somewhat behind, together comprising a further X%.

Singapore, with a CAGR of X%, saw the highest growth rate of the value of exports, among 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 cosmetics export price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the 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 Netherlands ($X per ton), while the average price for exports to Angola ($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 Botswana (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cosmetics Imports

Imports into South Africa

In 2022, purchases abroad of cosmetics was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of X% 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 2013 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, cosmetics imports expanded rapidly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Poland (X tons), Spain (X tons) and China (X tons) were the main suppliers of cosmetics imports to South Africa, with a combined X% share of total imports. Cote d'Ivoire, France, Italy, the United States, Germany and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), France ($X) and the United States ($X) constituted the largest cosmetics suppliers to South Africa, together accounting for X% of total imports. Spain, Italy, China, Germany, the UK and Cote d'Ivoire lagged somewhat behind, together accounting for a further X%.

Cote d'Ivoire, with a CAGR of X%, 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 cosmetics import price amounted to $X per ton, with an increase of X% against the previous year. In general, the import price, however, saw a perceptible curtailment. The pace of growth was the most pronounced in 2021 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Cote d'Ivoire ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :