Overview of the Global Market for Beauty, Make-Up And Skin Care Preparations

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

In 2022, the global market for beauty, make-up and skin care preparations increased by 0.3% to $X, rising for the eighth consecutive year after two years of decline. Overall, the total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 +60.1% against 2014 indices. Global consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Beauty, Make-Up And Skin Care Preparations

In value terms, production of beauty, make-up and skin care preparations stood at $X in 2022 estimated in export price. In general, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 15% against the previous year. Over the period under review, global production of reached the maximum level in 2022 and is expected to retain growth in the near future.

Exports of Beauty, Make-Up And Skin Care Preparations

Exports

In 2022, shipments abroad of beauty, make-up and skin care preparations decreased by -0.4% to X tons for the first time since 2011, thus ending a ten-year rising trend. Over the period under review, total exports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.7% against 2012 indices. The most prominent rate of growth was recorded in 2018 with an increase of 10%. The global exports peaked at X tons in 2021, and then declined modestly in the following year.

In value terms, exports of beauty, make-up and skin care preparations shrank modestly to $X in 2022. Overall, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2018 when exports increased by 23%. Over the period under review, the global exports of hit record highs at $X in 2021, and then dropped in the following year.

Exports by Country

The biggest shipments were from France (X tons), Singapore (X tons), South Korea (X tons), Germany (X tons), Poland (X tons), the United States (X tons), China (X tons), Spain (X tons), Hong Kong SAR (X tons), the Netherlands (X tons), Japan (X tons) and the UK (X tons), together resulting at 67% of total export. Italy (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by South Korea (with a CAGR of +19.5%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest beauty, make-up and skin care preparations supplying countries worldwide were France ($X), South Korea ($X) and Singapore ($X), with a combined 37% share of global exports.

In terms of the main exporting countries, South Korea, with a CAGR of +23.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for beauty, make-up and skin care preparations amounted to $X per ton, declining by -3.8% against the previous year. Over the period under review, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for beauty, make-up and skin care preparations increased by +49.4% against 2012 indices. The growth pace was the most rapid in 2018 when the average export price increased by 11% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then contracted modestly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.7%), while the other global leaders experienced more modest paces of growth.

Imports of Beauty, Make-Up And Skin Care Preparations

Imports

In 2022, purchases abroad of beauty, make-up and skin care preparations decreased by -1.9% to X tons for the first time since 2011, thus ending a ten-year rising trend. Overall, total imports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +4.9% 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 +60.6% against 2012 indices. The growth pace was the most rapid in 2018 with an increase of 12% against the previous year. Over the period under review, global imports of attained the maximum at X tons in 2021, and then fell modestly in the following year.

In value terms, imports of beauty, make-up and skin care preparations shrank modestly to $X in 2022. Over the period under review, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2018 when imports increased by 26% against the previous year. Global imports peaked at $X in 2021, and then declined modestly in the following year.

Imports by Country

In 2022, the United States (X tons), Hong Kong SAR (X tons), China (X tons), the UK (X tons), France (X tons), the Netherlands (X tons), Germany (X tons), Singapore (X tons), Italy (X tons), Belgium (X tons), Spain (X tons) and Poland (X tons) was the main importer of beauty, make-up and skin care preparations in the world, making up 53% of total import. The United Arab Emirates (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +19.9%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported beauty, make-up and skin care preparations worldwide, comprising 28% of global imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 9.9% share of global imports. It was followed by the United States, with a 6.9% share.

In China, imports of beauty, make-up and skin care preparations expanded at an average annual rate of +32.5% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (+11.2% per year) and the United States (+9.0% per year).

Import Prices by Country

In 2022, the average import price for beauty, make-up and skin care preparations amounted to $X per ton, approximately equating the previous year. Over the period under review, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for beauty, make-up and skin care preparations increased by +62.7% against 2012 indices. The most prominent rate of growth was recorded in 2018 an increase of 13% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then shrank slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.5%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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