Guatemala: Lip Make-Up Preparations Market 2024

Lip Make-Up Preparations Market Size in Guatemala

In 2023, the Guatemalan lip make-up preparations market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption saw a prominent increase. Over the period under review, the market attained the peak level in 2023 and is likely to continue growth in the immediate term.

Lip Make-Up Preparations Exports

Exports from Guatemala

In 2023, shipments abroad of lip make-up preparations decreased by X% to X tons, falling for the sixth year in a row after four years of growth. In general, exports saw a abrupt decrease. The growth pace was the most rapid in 2017 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2018 to 2023, the growth of the exports remained at a lower figure.

In value terms, lip make-up preparations exports shrank sharply to $X in 2023. Overall, exports showed a deep setback. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

El Salvador (X tons), Nicaragua (X tons) and Honduras (X tons) were the main destinations of lip make-up preparations exports from Guatemala, with a combined X% share of total exports. Panama and the Dominican Republic lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Dominican Republic (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, Honduras ($X), Nicaragua ($X) and El Salvador ($X) constituted the largest markets for lip make-up preparations exported from Guatemala worldwide, with a combined X% share of total exports. Panama and the Dominican Republic lagged somewhat behind, together accounting for a further X%.

The Dominican Republic, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2023, the average lip make-up preparations export price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price continues to indicate a slight setback. The growth pace was the most rapid in 2022 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Honduras ($X per ton), while the average price for exports to El Salvador ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (X%), while the prices for the other major destinations experienced mixed trend patterns.

Lip Make-Up Preparations Imports

Imports into Guatemala

In 2023, overseas purchases of lip make-up preparations increased by X% to X tons, rising for the second consecutive year after four years of decline. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2023, imports remained at a lower figure.

In value terms, lip make-up preparations imports soared to $X in 2023. Over the period under review, total imports indicated modest growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2022 when imports increased by X%. Imports peaked at $X in 2017; however, from 2018 to 2023, imports remained at a lower figure.

Imports by Country

China (X tons), Mexico (X tons) and Colombia (X tons) were the main suppliers of lip make-up preparations imports to Guatemala, with a combined X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest lip make-up preparations suppliers to Guatemala were Colombia ($X), China ($X) and Mexico ($X), with a combined X% share of total imports.

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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 2023, surging by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2022 an increase of X%. The import price peaked in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Colombia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform