South Africa: Market for Beauty, Make-Up And Skin Care Preparations 2024

Market Size for Beauty, Make-Up And Skin Care Preparations in South Africa

The South African market for beauty, make-up and skin care preparations was finally on the rise to reach $X in 2022, after five years of decline. Overall, consumption, however, continues to indicate a mild decrease. Consumption of peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Production of Beauty, Make-Up And Skin Care Preparations in South Africa

In value terms, production of beauty, make-up and skin care preparations reached $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. Production of peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Exports of Beauty, Make-Up And Skin Care Preparations

Exports from South Africa

After two years of growth, overseas shipments of beauty, make-up and skin care preparations decreased by X% to X tons in 2022. Overall, total exports indicated resilient growth from 2012 to 2022: its volume 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, exports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2021, and then dropped slightly in the following year.

In value terms, exports of beauty, make-up and skin care preparations contracted modestly to $X in 2022. Over the period under review, total exports indicated a prominent increase 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, exports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then reduced modestly in the following year.

Exports by Country

Zimbabwe (X tons), Namibia (X tons) and Zambia (X tons) were the main destinations of exports of beauty, make-up and skin care preparations from South Africa, together comprising X% of total exports. Botswana, the United Arab Emirates, Malawi, Democratic Republic of the Congo, Mozambique, Tanzania, Angola, Singapore, Swaziland and the Netherlands lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Namibia ($X), Botswana ($X) and Zimbabwe ($X) were the largest markets for beauty, make-up and skin care preparations exported from South Africa worldwide, together accounting for X% of total exports. Zambia, Mozambique, the United Arab Emirates, Malawi, the Netherlands, Democratic Republic of the Congo, Tanzania, Swaziland, Singapore and Angola lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Singapore, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for beauty, make-up and skin care preparations amounted to $X per ton, approximately mirroring the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Angola ($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 Botswana (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Beauty, Make-Up And Skin Care Preparations

Imports into South Africa

In 2022, purchases abroad of beauty, make-up and skin care preparations decreased by X% to X tons, falling for the third consecutive year after eight years of growth. In general, total imports indicated a prominent expansion from 2012 to 2022: its volume 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 decreased by X% against 2019 indices. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports of reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of beauty, make-up and skin care preparations rose notably to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Poland (X tons), Spain (X tons) and China (X tons) were the main suppliers of imports of beauty, make-up and skin care preparations to South Africa, together comprising X% of total imports. France, Italy, Germany and the United States lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest beauty, make-up and skin care preparations suppliers to South Africa were Poland ($X), France ($X) and Spain ($X), with a combined X% share of total imports. The United States, Italy, Germany and China lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Italy, with a CAGR of X%, recorded 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 average import price for beauty, make-up and skin care preparations stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price, however, showed a perceptible decrease. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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