Global Lip Make-Up Preparations Market 2024

Lip Make-Up Preparations Market Size

The global lip make-up preparations market declined to $X in 2022, shrinking by -3.7% against the previous year. Over the period under review, consumption, however, recorded mild growth. Global consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Lip Make-Up Preparations Production

In value terms, lip make-up preparations production dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 29%. Global production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Lip Make-Up Preparations Exports

Exports

In 2022, overseas shipments of lip make-up preparations were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, total exports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +4.6% 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 2016 when exports increased by 21%. Over the period under review, the global exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, lip make-up preparations exports rose sharply to $X in 2022. Overall, exports continue to indicate a buoyant increase. The growth pace was the most rapid in 2016 when exports increased by 28% against the previous year. The global exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China represented the major exporting country with an export of about X tons, which amounted to 26% of total exports. France (X tons) ranks second in terms of the total exports with a 9.7% share, followed by the United States (8.3%), Italy (5.8%), Singapore (5.1%), South Korea (5%), the Netherlands (4.8%) and Germany (4.7%). The following exporters - Poland (X tons), the UK (X tons), Canada (X tons), Hong Kong SAR (X tons) and Spain (X tons) - together made up 14% of total exports.

Exports from China increased at an average annual rate of +7.2% from 2012 to 2022. At the same time, South Korea (+26.8%), the Netherlands (+20.4%), Spain (+15.4%), Hong Kong SAR (+12.2%), Singapore (+9.1%), Italy (+8.9%), France (+6.2%), Poland (+2.7%), the United States (+2.1%) and Germany (+1.9%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in the world, with a CAGR of +26.8% from 2012-2022. Canada experienced a relatively flat trend pattern. By contrast, the UK (-3.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, South Korea, the Netherlands, Italy and Singapore increased by +5.6, +4.3, +3.6, +1.9 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X) remains the largest lip make-up preparations supplier worldwide, comprising 20% of global exports. The second position in the ranking was taken by the United States ($X), with a 9.8% share of global exports. It was followed by Singapore, with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in France stood at +8.2%. The remaining exporting countries recorded the following average annual rates of exports growth: the United States (+3.0% per year) and Singapore (+16.1% per year).

Export Prices by Country

The average lip make-up preparations export price stood at $X per ton in 2022, declining by -7% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The pace of growth was the most pronounced in 2021 when the average export price increased by 7% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped 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 France ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+6.5%), while the other global leaders experienced more modest paces of growth.

Lip Make-Up Preparations Imports

Imports

In 2022, approx. X tons of lip make-up preparations were imported worldwide; rising by 4.7% against the year before. The total import volume increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 with an increase of 19% against the previous year. Global imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, lip make-up preparations imports dropped slightly to $X in 2022. Over the period under review, imports showed a prominent expansion. The pace of growth appeared the most rapid in 2016 with an increase of 27%. Over the period under review, global imports hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) and the UK (X tons) were the major importers of lip make-up preparationsacross the globe, together reaching approx. 26% of total imports. It was distantly followed by Germany (X tons), constituting a 4.7% share of total imports. The following importers - the Netherlands (X tons), France (X tons), Macao SAR (X tons), Spain (X tons), Canada (X tons), Singapore (X tons), India (X tons), the United Arab Emirates (X tons), Russia (X tons) and Hong Kong SAR (X tons) - together made up 28% of total imports.

From 2012 to 2022, the biggest increases were recorded for Macao SAR (with a CAGR of +47.3%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported lip make-up preparations worldwide, comprising 14% of global imports. The second position in the ranking was held by Singapore ($X), with a 5.1% share of global imports. It was followed by Macao SAR, with a 4.8% share.

In the United States, lip make-up preparations imports expanded at an average annual rate of +5.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Singapore (+14.7% per year) and Macao SAR (+55.5% per year).

Import Prices by Country

The average lip make-up preparations import price stood at $X per ton in 2022, reducing by -5.2% against the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lip make-up preparations import price decreased by -7.6% against 2019 indices. The pace of growth was the most pronounced in 2017 an increase of 15%. Global import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+8.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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