IndexBox has just published a new report: ‘France – Lip Make-Up Preparations – Market Analysis, Forecast, Size, Trends and Insights‘. Here is a summary of the report’s key findings.

France’s lipstick suppliers benefit from the recovery of the global cosmetics market. From January to October 2021, exports of lip make-up preparations amounted to 5.9K tonnes, 11% more than in the same period of the previous year. in monetary terms, supplies abroad soared by 31% to $728M. China, the largest importer of lipsticks from France, ramped up purchases by 53% to 1.3K tonnes or 76% to $267M in value terms over the period under review. in January-October 2021, the average price of lip make-up preparations from France stood at $124 per kg, an 18%-increase compared to the figures of the same period in 2020.

France’s Lip Make-Up Preparation Exports in 2021

During January-October 2021, France exported 5.9K tonnes of lip make-up preparations worth $728M. Compared to the same period of the previous year, export rose by 11% in physical terms and by 31% in value terms. The average price of lip make-up preparations from France was estimated at $124 per kg, rising by 18% against the figures of the same period in 2020.

The sales growth was driven primarily by rising demand from China, which boosted its purchases by 53% to 1.3K tonnes or by 76% to $267M in value terms. Among other importers, the U.S., Singapore, Italy and Spain ramped up imports from France, while Germany, the UK and Russia reduced purchases.

Rising supplies from France reflect a recovery of the global cosmetics market since France remains one of the largest cosmetics suppliers worldwide. It is also the leading exporter of lipsticks with a share of 16% of the total value.

France’s Lip Make-Up Preparation Exports in 2020

In 2020, approx. 6.6K tonnes of lip make-up preparations were exported from France, waning by -18.2% compared with 2019 figures. in value terms, the supplies declined dramatically from $816M to $659M (IndexBox estimates).

China (995 tonnes), the UK (980 tonnes) and the U.S. (637 tonnes) were the main destinations of lip make-up preparations exported from France, with a combined 39% share of total volume. Germany, Singapore, Spain, Italy, Russia, Belgium, South Korea, Japan, the United Arab Emirates and Senegal lagged somewhat behind, together comprising a further 43%.

In value terms, China ($180M) remains the key buyer of French lip make-up preparations, comprising 27% of total exports. The second position in the ranking was occupied by Singapore ($86M), with a 13% share of the total value. It was followed by the U.S., with an 8.4% share.

The average lip make-up preparations export price stood at $99,600 per tonne in 2020, approximately reflecting the previous year. Prices varied noticeably by the country of destination; the country with the highest price was South Korea ($313,708 per tonne), while the average price for exports to Senegal ($3,564 per tonne) was amongst the lowest.

In 2020, the most notable growth rate in terms of prices was recorded for supplies to South Korea, while the prices for the other significant destinations experienced more modest paces of growth.

Source: IndexBox Platform