United Kingdom: Lip Make-Up Preparations Market 2024

Lip Make-Up Preparations Market Size in the UK

The UK lip make-up preparations market fell to $X in 2022, which is down by -7.8% against the previous year. Over the period under review, the total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +2.0% 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 +52.7% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Lip Make-Up Preparations Production in the UK

In value terms, lip make-up preparations production declined modestly to $X in 2022 estimated in export price. In general, production showed a mild reduction. The pace of growth appeared the most rapid in 2017 when the production volume increased by 27%. Lip make-up preparations production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Lip Make-Up Preparations Exports

Exports from the UK

In 2022, overseas shipments of lip make-up preparations decreased by -6.7% to X tons, falling for the third year in a row after two years of growth. Overall, exports saw a pronounced downturn. The most prominent rate of growth was recorded in 2014 with an increase of 31% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, lip make-up preparations exports fell to $X in 2022. Over the period under review, exports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2014 with an increase of 30%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons), Spain (X tons) and Germany (X tons) were the main destinations of lip make-up preparations exports from the UK, with a combined 47% share of total exports. Denmark, Ireland, Canada, the Netherlands, Poland, Australia, France, Singapore, the United Arab Emirates and Turkey lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +24.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), the United States ($X) and Ireland ($X) were the largest markets for lip make-up preparations exported from the UK worldwide, with a combined 45% share of total exports. The Netherlands, Germany, Denmark, Poland, France, the United Arab Emirates, Canada, Australia, Turkey and Singapore lagged somewhat behind, together accounting for a further 38%.

Among the main countries of destination, Canada, with a CAGR of +19.4%, recorded 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

In 2022, the average lip make-up preparations export price amounted to $X per ton, dropping by -1.8% against the previous year. Over the period under review, the export price showed a noticeable decrease. The growth pace was the most rapid in 2020 an increase of 30%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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 Ireland ($X per ton), while the average price for exports to Singapore ($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 the Netherlands (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.

Lip Make-Up Preparations Imports

Imports into the UK

In 2022, the amount of lip make-up preparations imported into the UK expanded significantly to X tons, with an increase of 14% against the previous year's figure. The total import volume increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when imports increased by 25% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, lip make-up preparations imports contracted to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by 25%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest lip make-up preparations supplier to the UK, accounting for a 63% share of total imports. Moreover, lip make-up preparations imports from China exceeded the figures recorded by the second-largest supplier, France (X tons), sixfold. The United States (X tons) ranked third in terms of total imports with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+7.6% per year) and the United States (-0.4% per year).

In value terms, China ($X), France ($X) and the United States ($X) were the largest lip make-up preparations suppliers to the UK, together comprising 61% of total imports. Italy, Canada, Germany, Taiwan (Chinese), Thailand and Denmark lagged somewhat behind, together comprising a further 28%.

Among the main suppliers, Italy, with a CAGR of +12.2%, 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, shrinking by -16.6% against the previous year. In general, the import price recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2014 when the average import price increased by 23%. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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