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

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

The Spanish market for beauty, make-up and skin care preparations declined significantly to $X in 2022, waning by -21% against the previous year. Over the period under review, consumption showed a pronounced slump. Consumption of peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

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

In value terms, production of beauty, make-up and skin care preparations skyrocketed to $X in 2022 estimated in export price. Overall, production, however, saw prominent growth. The pace of growth was the most pronounced in 2021 with an increase of 36% against the previous year. Over the period under review, production of reached the peak level in 2022 and is expected to retain growth in the immediate term.

Exports of Beauty, Make-Up And Skin Care Preparations

Exports from Spain

Exports of beauty, make-up and skin care preparations from Spain expanded rapidly to X tons in 2022, growing by 13% compared with the previous year. Overall, total exports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when exports increased by 43%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of beauty, make-up and skin care preparations rose sharply to $X in 2022. In general, exports saw strong growth. The growth pace was the most rapid in 2017 when exports increased by 24%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

France (X tons), Germany (X tons) and Portugal (X tons) were the main destinations of exports of beauty, make-up and skin care preparations from Spain, together accounting for 35% of total exports. The United States, Italy, South Africa, the UK, Mexico, the Netherlands, Poland, Slovakia, the United Arab Emirates and Colombia lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (with a CAGR of +115.5%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Portugal ($X) and Germany ($X) appeared to be the largest markets for beauty, make-up and skin care preparations exported from Spain worldwide, with a combined 26% share of total exports. Italy, the United States, Mexico, the UK, Poland, the Netherlands, Colombia, the United Arab Emirates, South Africa and Slovakia lagged somewhat behind, together comprising a further 34%.

Slovakia, with a CAGR of +73.6%, 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 export price for beauty, make-up and skin care preparations stood at $X per ton in 2022, falling by -6.8% against the previous year. Over the period under review, the export price, however, saw a noticeable increase. The most prominent rate of growth was recorded in 2019 an increase of 27% against the previous year. The export price peaked at $X per ton in 2021, and then reduced in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to South Africa ($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 Poland (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Beauty, Make-Up And Skin Care Preparations

Imports into Spain

In 2022, approx. X tons of beauty, make-up and skin care preparations were imported into Spain; surging by 7.9% compared with 2021 figures. The total import volume increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 17% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of beauty, make-up and skin care preparations skyrocketed to $X in 2022. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 +37.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), France (X tons) and Italy (X tons) were the main suppliers of imports of beauty, make-up and skin care preparations to Spain, together comprising 71% of total imports. The Netherlands, Poland, China, Greece, the United States and the UK lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +32.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of beauty, make-up and skin care preparations to Spain, comprising 38% of total imports. The second position in the ranking was held by Germany ($X), with an 18% share of total imports. It was followed by Italy, with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France amounted to +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.2% per year) and Italy (+9.9% per year).

Import Prices by Country

The average import price for beauty, make-up and skin care preparations stood at $X per ton in 2022, surging by 9.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2014 when the average import price increased by 12%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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