Asia-Pacific: Lip Make-Up Preparations Market 2024

Lip Make-Up Preparations Market Size in Asia-Pacific

After two years of growth, the Asia-Pacific lip make-up preparations market decreased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. Over the period under review, the market reached the peak level at $X in 2021, and then contracted in the following year.

Lip Make-Up Preparations Production in Asia-Pacific

In value terms, lip make-up preparations production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% 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 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Lip Make-Up Preparations Exports

Exports in Asia-Pacific

In 2022, after two years of decline, there was significant growth in overseas shipments of lip make-up preparations, when their volume increased by X% to X tons. Over the period under review, exports posted a strong increase. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, lip make-up preparations exports totaled $X in 2022. In general, exports posted a resilient expansion. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

China was the major exporter of lip make-up preparations in Asia-Pacific, with the volume of exports accounting for X tons, which was near X% of total exports in 2022. Singapore (X tons) held the second position in the ranking, followed by South Korea (X tons) and Hong Kong SAR (X tons). All these countries together held near X% share of total exports. The following exporters - Taiwan (Chinese) (X tons) and Thailand (X tons) - each finished at a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to lip make-up preparations exports from China stood at X%. At the same time, South Korea (X%), Singapore (X%), Hong Kong SAR (X%) and Thailand (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Taiwan (Chinese) (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Korea and Singapore increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X), China ($X) and South Korea ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports.

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

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, waning by X% against the previous year. Export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of X% 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 export price decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2018 when the export price increased by X%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while China ($X per ton) was amongst the lowest.

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

Lip Make-Up Preparations Imports

Imports in Asia-Pacific

In 2022, purchases abroad of lip make-up preparations was finally on the rise to reach X tons after two years of decline. In general, imports posted perceptible growth. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, lip make-up preparations imports reduced to $X in 2022. Overall, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Singapore (X tons), distantly followed by India (X tons), Indonesia (X tons), Hong Kong SAR (X tons), Australia (X tons), Malaysia (X tons), Japan (X tons) and South Korea (X tons) represented the key importers of lip make-up preparations, together committing X% of total imports. China (X tons), Thailand (X tons), the Philippines (X tons), Taiwan (Chinese) (X tons) and Macao SAR (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Macao SAR (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest lip make-up preparations importing markets in Asia-Pacific were China ($X), Macao SAR ($X) and Singapore ($X), together comprising X% of total imports.

Among the main importing countries, Macao SAR, with a CAGR of X%, 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 import price in Asia-Pacific stood at $X per ton in 2022, falling by X% against the previous year. Overall, the import price, however, continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped dramatically 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 ($X,714 per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform