U.S.: Lip Make-Up Preparations Market 2024

Lip Make-Up Preparations Market Size in the U.S.

The U.S. lip make-up preparations market expanded significantly to $X in 2022, surging by 11% against the previous year. Over the period under review, the total consumption indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +35.5% against 2020 indices. Lip make-up preparations consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Lip Make-Up Preparations Production in the U.S.

In value terms, lip make-up preparations production dropped to $X in 2022. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 46%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Lip Make-Up Preparations Exports

Exports from the U.S.

In 2022, overseas shipments of lip make-up preparations were finally on the rise to reach X tons after two years of decline. In general, total exports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 28%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, lip make-up preparations exports soared to $X in 2022. Overall, total exports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.0% 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 2017 when exports increased by 32%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Canada (X tons), the UK (X tons) and the Netherlands (X tons) were the main destinations of lip make-up preparations exports from the United States, with a combined 40% share of total exports. Australia, Mexico, France, Belgium, Singapore, the United Arab Emirates, Chile, Germany, China and Sweden lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +20.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) remains the key foreign market for lip make-up preparations exports from the United States, comprising 32% of total exports. The second position in the ranking was held by Australia ($X), with an 8% share of total exports. It was followed by the UK, with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada stood at +4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+5.5% per year) and the UK (-4.3% per year).

Export Prices by Country

In 2022, the average lip make-up preparations export price amounted to $X per ton, growing by 9.6% against the previous year. In general, the export price recorded modest growth. The growth pace was the most rapid in 2014 an increase of 14%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 China ($X per ton), while the average price for exports to the Netherlands ($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 China (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Lip Make-Up Preparations Imports

Imports into the U.S.

In 2022, overseas purchases of lip make-up preparations increased by 9.8% to X tons, rising for the third consecutive year after three years of decline. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its volume 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 +49.4% against 2019 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 34% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, lip make-up preparations imports soared to $X in 2022. In general, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.8% 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 +49.8% against 2020 indices. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Canada (X tons) and South Korea (X tons) were the main suppliers of lip make-up preparations imports to the United States, with a combined 59% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +43.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Canada ($X) and South Korea ($X) appeared to be the largest lip make-up preparations suppliers to the United States, with a combined 50% share of total imports.

In terms of the main suppliers, South Korea, with a CAGR of +48.2%, 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

The average lip make-up preparations import price stood at $X per ton in 2022, surging by 29% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($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 (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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