ASEAN: Lip Make-Up Preparations Market 2024

Lip Make-Up Preparations Market Size in ASEAN

In 2022, the ASEAN lip make-up preparations market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Lip Make-Up Preparations Production in ASEAN

In value terms, lip make-up preparations production reduced to $X in 2022 estimated in export price. In general, production, however, saw a strong expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

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Lip Make-Up Preparations Exports

Exports in ASEAN

In 2022, overseas shipments of lip make-up preparations decreased by X% to X tons, falling for the third consecutive year after eight years of growth. Overall, exports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the 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 contracted to $X in 2022. In general, exports, however, saw resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Singapore represented the largest exporter of lip make-up preparations in ASEAN, with the volume of exports recording X tons, which was near X% of total exports in 2022. It was distantly followed by Thailand (X tons), making up a X% share of total exports. Malaysia (X tons) followed a long way behind the leaders.

Singapore was also the fastest-growing in terms of the lip make-up preparations exports, with a CAGR of X% from 2012 to 2022. At the same time, Thailand (X%) displayed positive paces of growth. By contrast, Malaysia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Singapore increased by X percentage points.

In value terms, Singapore ($X) remains the largest lip make-up preparations supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with an X% share of total exports.

In Singapore, lip make-up preparations exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, remaining stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Malaysia ($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 (X%), while the other leaders experienced a decline in the export price figures.

Lip Make-Up Preparations Imports

Imports in ASEAN

In 2022, overseas purchases of lip make-up preparations increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports continue to indicate buoyant growth. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, lip make-up preparations imports expanded remarkably to $X in 2022. In general, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Singapore represented the largest importing country with an import of around X tons, which reached X% of total imports. Indonesia (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (X%), Thailand (X%) and the Philippines (X%). Vietnam (X tons) held a relatively small share of total imports.

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

In value terms, Singapore ($X) constitutes the largest market for imported lip make-up preparations in ASEAN, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with an X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Singapore stood at X%. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and Thailand (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, which is down by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2018; however, from 2019 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 Vietnam ($X per ton), while Malaysia ($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 Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform