Bulgaria: Lip Make-Up Preparations Market 2024

Lip Make-Up Preparations Market Size in Bulgaria

The Bulgarian lip make-up preparations market was finally on the rise to reach $X in 2022, after four years of decline. Over the period under review, consumption continues to indicate a mild expansion. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Lip Make-Up Preparations Production in Bulgaria

In value terms, lip make-up preparations production declined slightly to $X in 2022 estimated in export price. Overall, production, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

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Lip Make-Up Preparations Exports

Exports from Bulgaria

In 2022, after two years of growth, there was significant decline in overseas shipments of lip make-up preparations, when their volume decreased by X% to X tons. Over the period under review, exports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons, and then fell remarkably in the following year.

In value terms, lip make-up preparations exports shrank notably to $X in 2022. In general, exports, however, continue to indicate a pronounced expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then contracted remarkably in the following year.

Exports by Country

Greece (X tons) was the main destination for lip make-up preparations exports from Bulgaria, accounting for a X% share of total exports. Moreover, lip make-up preparations exports to Greece exceeded the volume sent to the second major destination, Saudi Arabia (X tons), fivefold. The third position in this ranking was taken by Serbia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Greece amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Serbia (X% per year).

In value terms, Greece ($X) emerged as the key foreign market for lip make-up preparations exports from Bulgaria, comprising X% of total exports. The second position in the ranking was taken by Serbia ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Greece amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

The average lip make-up preparations export price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price recorded a pronounced setback. The pace of growth appeared the most rapid in 2016 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a 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 Serbia ($X per ton), while the average price for exports to Italy ($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 Serbia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Lip Make-Up Preparations Imports

Imports into Bulgaria

After two years of growth, purchases abroad of lip make-up preparations decreased by X% to X tons in 2022. Overall, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then contracted rapidly in the following year.

In value terms, lip make-up preparations imports rose slightly to $X in 2022. In general, total imports indicated resilient growth from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Croatia (X tons), France (X tons) and Turkey (X tons) were the main suppliers of lip make-up preparations imports to Bulgaria, with a combined X% share of total imports. China, Poland, Hungary, Greece, the Czech Republic, Germany, Romania, Italy, Spain and Luxembourg lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest lip make-up preparations suppliers to Bulgaria were France ($X), the Czech Republic ($X) and Croatia ($X), with a combined X% share of total imports. Turkey, Germany, Romania, Hungary, Poland, Italy, Greece, Spain, China and Luxembourg lagged somewhat behind, together accounting for a further X%.

Spain, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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, picking up by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform