United Kingdom: Market for Beauty, Make-Up And Skin Care Preparations 2024

Market Size for Beauty, Make-Up And Skin Care Preparations in the UK

In 2023, the UK market for beauty, make-up and skin care preparations increased by X% to $X, rising for the second consecutive year after three years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level in 2023 and is likely to continue growth in the near future.

Production of Beauty, Make-Up And Skin Care Preparations in the UK

In value terms, production of beauty, make-up and skin care preparations stood at $X in 2023 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Over the period under review, production of reached the peak level at $X in 2013; afterwards, it flattened through to 2023.

Exports of Beauty, Make-Up And Skin Care Preparations

Exports from the UK

In 2023, exports of beauty, make-up and skin care preparations from the UK contracted modestly to X tons, waning by X% compared with the previous year. The total export volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of beauty, make-up and skin care preparations totaled $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports of failed to regain momentum.

Exports by Country

Ireland (X tons), the United States (X tons) and Belgium (X tons) were the main destinations of exports of beauty, make-up and skin care preparations from the UK, together comprising X% of total exports. Germany, the Czech Republic, the Netherlands, the United Arab Emirates, France, Poland, Spain, China, Australia and Denmark lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for the Czech Republic (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Ireland ($X) and the United States ($X) constituted the largest markets for beauty, make-up and skin care preparations exported from the UK worldwide, together accounting for X% of total exports. The Czech Republic, Germany, France, Poland, the Netherlands, China, the United Arab Emirates, Spain, Australia and Denmark lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, the Czech Republic, with a CAGR of X%, recorded 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 2023, the average export price for beauty, make-up and skin care preparations amounted to $X per ton, with an increase of X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2023 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Ireland ($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 France (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 the UK

Imports of beauty, make-up and skin care preparations into the UK shrank to X tons in 2023, remaining stable against 2022 figures. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when imports increased by X%. Imports peaked at X tons in 2017; however, from 2018 to 2023, imports failed to regain momentum.

In value terms, imports of beauty, make-up and skin care preparations surged to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), France (X tons) and Germany (X tons) were the main suppliers of imports of beauty, make-up and skin care preparations to the UK, with a combined X% share of total imports. Poland, the United States, Spain, Canada, Italy, Greece, Thailand, Australia, South Korea and the Netherlands lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Canada (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), France ($X) and Canada ($X) constituted the largest beauty, make-up and skin care preparations suppliers to the UK, together comprising X% of total imports.

Canada, with a CAGR of X%, recorded the highest growth rate of 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

In 2023, the average import price for beauty, make-up and skin care preparations amounted to $X per ton, jumping by X% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2023: its price 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, import price for beauty, make-up and skin care preparations increased by X% against 2015 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform