Thailand: Eye Make-Up Preparations Market 2024

Eye Make-Up Preparations Market Size in Thailand

The Thai eye make-up preparations market declined slightly to $X in 2023, reducing by X% against the previous year. Overall, the total consumption indicated a strong expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2021 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Eye Make-Up Preparations Production in Thailand

In value terms, eye make-up preparations production contracted to $X in 2023 estimated in export price. Overall, the total production indicated a perceptible increase 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, production increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2023, production growth failed to regain momentum.

Eye Make-Up Preparations Exports

Exports from Thailand

In 2023, shipments abroad of eye make-up preparations decreased by X% to X tons, falling for the fourth consecutive year after six years of growth. Overall, exports recorded a perceptible shrinkage. The growth pace was the most rapid in 2016 when exports increased by X%. The exports peaked at X tons in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

In value terms, eye make-up preparations exports expanded rapidly to $X in 2023. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by X%. As a result, the exports reached the peak of $X. From 2019 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Japan (X tons), the United States (X tons) and Spain (X tons) were the main destinations of eye make-up preparations exports from Thailand, with a combined X% share of total exports. The UK, Lao People's Democratic Republic, Malaysia, Germany, Myanmar, the Netherlands, Taiwan (Chinese), Vietnam, India and the United Arab Emirates 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 Netherlands (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Malaysia ($X) and the United States ($X) constituted the largest markets for eye make-up preparations exported from Thailand worldwide, with a combined X% share of total exports. Myanmar, the UK, Lao People's Democratic Republic, Spain, India, Germany, Vietnam, the Netherlands, Taiwan (Chinese) and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

The Netherlands, 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

The average eye make-up preparations export price stood at $X per ton in 2023, picking up by X% against the previous year. Over the period under review, the export price recorded tangible growth. The pace of growth was the most pronounced in 2016 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2023, the average export prices remained at a 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 Malaysia ($X per ton), while the average price for exports to the United Arab Emirates ($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 the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Eye Make-Up Preparations Imports

Imports into Thailand

In 2023, supplies from abroad of eye make-up preparations increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, eye make-up preparations imports amounted to $X in 2023. Over the period under review, imports posted a pronounced expansion. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, China (X tons) constituted the largest supplier of eye make-up preparations to Thailand, with a X% share of total imports. Moreover, eye make-up preparations imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), eightfold. The third position in this ranking was held by Japan (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Japan (X% per year).

In value terms, China ($X) constituted the largest supplier of eye make-up preparations to Thailand, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by Japan, with an X% share.

From 2012 to 2023, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Japan (X% per year).

Import Prices by Country

In 2023, the average eye make-up preparations import price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price saw a perceptible slump. The pace of growth appeared the most rapid in 2015 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2023, the average import prices remained at a lower figure.

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

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

Source: IndexBox Platform