Bulgaria: Lip Make-Up Preparations Market 2024

Lip Make-Up Preparations Market Size in Bulgaria

In 2023, the Bulgarian lip make-up preparations market increased by X% to $X, rising for the second year in a row after four years of decline. Over the period under review, consumption showed a prominent expansion. Lip make-up preparations consumption peaked in 2023 and is expected to retain growth in the near future.

Lip Make-Up Preparations Production in Bulgaria

In value terms, lip make-up preparations production rose modestly to $X in 2023 estimated in export price. Over the period under review, production saw a buoyant increase. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. Lip make-up preparations production peaked at $X in 2017; however, from 2018 to 2023, production remained at a lower figure.

Lip Make-Up Preparations Exports

Exports from Bulgaria

In 2023, shipments abroad of lip make-up preparations decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, exports, however, continue to indicate pronounced growth. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, lip make-up preparations exports skyrocketed to $X in 2023. Overall, exports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons), Greece (X tons) and the UK (X tons) were the main destinations of lip make-up preparations exports from Bulgaria, with a combined X% share of total exports. The United Arab Emirates, Serbia, the Czech Republic, Spain, Denmark, France, Saudi Arabia, Romania, Poland and the Netherlands lagged somewhat behind, together comprising a further X%.

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

In value terms, Germany ($X), Serbia ($X) and Greece ($X) appeared to be the largest markets for lip make-up preparations exported from Bulgaria worldwide, together accounting for X% of total exports. The UK, the Czech Republic, the United Arab Emirates, Denmark, Spain, France, Saudi Arabia, Romania, Poland and the Netherlands lagged somewhat behind, together comprising a further X%.

Denmark, 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 more modest paces of growth.

Export Prices by Country

In 2023, the average lip make-up preparations export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, export price indicated resilient 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. The pace of growth was the most pronounced in 2013 an increase of X%. The export price peaked at $X per ton in 2016; however, from 2017 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($X per ton), while the average price for exports to Greece ($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 Serbia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Lip Make-Up Preparations Imports

Imports into Bulgaria

In 2023, approx. X tons of lip make-up preparations were imported into Bulgaria; surging by X% on the previous year. Over the period under review, imports posted a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, lip make-up preparations imports surged to $X in 2023. In general, imports showed a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2023, China (X tons) constituted the largest lip make-up preparations supplier to Bulgaria, with a X% share of total imports. Moreover, lip make-up preparations imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), fourfold. The third position in this ranking was held by Romania (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Romania (X% per year).

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

Among the main suppliers, Spain, 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

In 2023, the average lip make-up preparations import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price showed resilient growth. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2023, import prices stood at a somewhat lower figure.

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 Czech Republic ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform