Southern Asia: Lip Make-Up Preparations Market 2024

Lip Make-Up Preparations Market Size in Southern Asia

The South Asian lip make-up preparations market rose remarkably to $X in 2022, increasing by 10% against the previous year. Overall, consumption continues to indicate buoyant growth. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Lip Make-Up Preparations Production in Southern Asia

In value terms, lip make-up preparations production shrank slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by 71% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Lip Make-Up Preparations Exports

Exports in Southern Asia

In 2022, overseas shipments of lip make-up preparations decreased by -16.7% to X tons, falling for the fourth year in a row after two years of growth. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 118%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, lip make-up preparations exports soared to $X in 2022. Over the period under review, exports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 145%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

India prevails in exports structure, accounting for X tons, which was near 93% of total exports in 2022. It was distantly followed by Pakistan (X tons), comprising a 6% share of total exports.

India experienced a relatively flat trend pattern with regard to volume of exports of lip make-up preparations. At the same time, Pakistan (+9.0%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +9.0% from 2012-2022. Pakistan (+3.4 p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by -3.1% from 2012 to 2022, respectively.

In value terms, India ($X) remains the largest lip make-up preparations supplier in Southern Asia, comprising 95% of total exports. The second position in the ranking was held by Pakistan ($X), with a 4.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in India amounted to +17.3%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, jumping by 48% against the previous year. In general, the export price continues to indicate strong growth. The pace of growth appeared the most rapid in 2021 an increase of 66%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+17.7%).

Lip Make-Up Preparations Imports

Imports in Southern Asia

In 2022, imports of lip make-up preparations in Southern Asia skyrocketed to X tons, with an increase of 33% on 2021 figures. Overall, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 53% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, lip make-up preparations imports skyrocketed to $X in 2022. In general, imports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 60%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

India dominates imports structure, accounting for X tons, which was approx. 84% of total imports in 2022. Bangladesh (X tons) held the second position in the ranking, followed by Pakistan (X tons). All these countries together held near 13% share of total imports. Nepal (X tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to lip make-up preparations imports into India stood at +6.1%. At the same time, Nepal (+15.7%), Bangladesh (+7.5%) and Pakistan (+1.1%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +15.7% from 2012-2022. From 2012 to 2022, the share of India increased by +2.1 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported lip make-up preparations in Southern Asia, comprising 87% of total imports. The second position in the ranking was held by Pakistan ($X), with a 4.2% share of total imports. It was followed by Bangladesh, with a 4% share.

From 2012 to 2022, the average annual growth rate of value in India amounted to +14.3%. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (+13.4% per year) and Bangladesh (+8.2% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, with a decrease of -2% against the previous year. In general, the import price, however, saw resilient growth. The pace of growth appeared the most rapid in 2016 when the import price increased by 41% against the previous year. The level of import peaked at $X per ton in 2021, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Nepal ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+12.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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