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

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

In 2022, the UK market for beauty, make-up and skin care preparations was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2013; afterwards, it flattened through to 2022.

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

In value terms, production of beauty, make-up and skin care preparations amounted to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 15%. Over the period under review, production of reached the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Beauty, Make-Up And Skin Care Preparations

Exports from the UK

In 2022, approx. X tons of beauty, make-up and skin care preparations were exported from the UK; dropping by -12% compared with 2021 figures. The total export volume increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 21% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of beauty, make-up and skin care preparations declined to $X in 2022. The total export value increased at an average annual rate of +4.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 19%. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

Belgium (X tons), Ireland (X tons) and the United States (X tons) were the main destinations of exports of beauty, make-up and skin care preparations from the UK, with a combined 43% share of total exports. The Czech Republic, Germany, the United Arab Emirates, the Netherlands, Poland, Spain, China, Australia, Switzerland and France lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +42.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for beauty, make-up and skin care preparations exported from the UK were Belgium ($X), Ireland ($X) and the United States ($X), together comprising 39% of total exports. The Czech Republic, the Netherlands, Poland, Germany, China, France, Switzerland, Spain, the United Arab Emirates and Australia lagged somewhat behind, together accounting for a further 39%.

In terms of the main countries of destination, the Czech Republic, with a CAGR of +51.1%, saw the highest rates of growth with regard to the value of exports, 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, approximately equating the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 12% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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 ($X per ton), while the average price for exports to the United Arab Emirates ($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 France (+11.6%), 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 the UK

After four years of decline, supplies from abroad of beauty, make-up and skin care preparations increased by 7.6% to X tons in 2022. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 12%. Over the period under review, imports of hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of beauty, make-up and skin care preparations surged to $X in 2022. The total import value increased at an average annual rate of +3.0% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Germany (X tons) and the United States (X tons) were the main suppliers of imports of beauty, make-up and skin care preparations to the UK, with a combined 41% share of total imports. Poland, France, Italy, Spain, Canada, Thailand, Greece, Australia, Ireland and South Korea lagged somewhat behind, together accounting for a further 48%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +18.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest beauty, make-up and skin care preparations suppliers to the UK were the United States ($X), France ($X) and China ($X), with a combined 48% share of total imports. Germany, Poland, Italy, Canada, South Korea, Spain, Australia, Thailand, Ireland and Greece lagged somewhat behind, together accounting for a further 39%.

In terms of the main suppliers, South Korea, with a CAGR of +26.9%, recorded 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 import price for beauty, make-up and skin care preparations stood at $X per ton in 2022, surging by 8.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2021 an increase of 12%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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