Tanzania: Lip Make-Up Preparations Market 2024

Lip Make-Up Preparations Market Size in Tanzania

The Tanzanian lip make-up preparations market was finally on the rise to reach $X in 2022, after three years of decline. Over the period under review, consumption, however, showed a abrupt contraction. Lip make-up preparations consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Lip Make-Up Preparations Exports

Exports from Tanzania

For the third year in a row, Tanzania recorded growth in overseas shipments of lip make-up preparations, which increased by 9.9% to X kg in 2022. In general, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2020 when exports increased by 463% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, lip make-up preparations exports contracted significantly to $X in 2022. Overall, exports enjoyed a prominent expansion. The growth pace was the most rapid in 2018 when exports increased by 288%. Over the period under review, the exports reached the peak figure at $X in 2021, and then fell sharply in the following year.

Exports by Country

Democratic Republic of the Congo (X kg) was the main destination for lip make-up preparations exports from Tanzania, with a 78% share of total exports. Moreover, lip make-up preparations exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Zambia (X kg), eightfold. Malawi (X kg) ranked third in terms of total exports with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Democratic Republic of the Congo amounted to +39.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zambia (+38.0% per year) and Malawi (+14.9% per year).

In value terms, Burundi ($X) remains the key foreign market for lip make-up preparations exports from Tanzania, comprising 48% of total exports. The second position in the ranking was held by Democratic Republic of the Congo ($X), with a 13% share of total exports. It was followed by Malawi, with a 5.2% share.

From 2012 to 2022, the average annual growth rate of value to Burundi totaled +12.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (+13.9% per year) and Malawi (+6.7% per year).

Export Prices by Country

The average lip make-up preparations export price stood at $X per ton in 2022, reducing by -27.7% against the previous year. In general, the export price recorded a pronounced contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 49% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Burundi ($X per ton), while the average price for exports to Democratic Republic of the Congo ($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 Burundi (+24.7%), while the prices for the other major destinations experienced a decline.

Lip Make-Up Preparations Imports

Imports into Tanzania

In 2022, overseas purchases of lip make-up preparations were finally on the rise to reach X tons after three years of decline. Over the period under review, imports, however, recorded a deep reduction. The growth pace was the most rapid in 2013 with an increase of 188% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, lip make-up preparations imports surged to $X in 2022. In general, imports, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2013 with an increase of 66%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of lip make-up preparations to Tanzania, accounting for a 56% share of total imports. Moreover, lip make-up preparations imports from China exceeded the figures recorded by the second-largest supplier, South Africa (X kg), threefold. The third position in this ranking was taken by Germany (X kg), with a 9.3% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+12.4% per year) and Germany (+26.5% per year).

In value terms, South Africa ($X), China ($X) and Turkey ($X) were the largest lip make-up preparations suppliers to Tanzania, together accounting for 62% of total imports. Italy, Germany, the United States, Belgium, the United Arab Emirates and India lagged somewhat behind, together comprising a further 11%.

Among the main suppliers, Italy, with a CAGR of +40.6%, recorded the highest rates of growth with regard to 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 lip make-up preparations import price stood at $X per ton in 2022, falling by -40.3% against the previous year. Overall, the import price recorded a slight descent. The pace of growth appeared the most rapid in 2015 an increase of 43%. The import price peaked at $X per ton in 2021, and then contracted markedly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+13.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform