U.S.: Market for Cosmetics And Toilet Preparations 2024

Market Size for Cosmetics And Toilet Preparations in the U.S.

In 2023, the U.S. cosmetic and toilet preparation market increased by X% to $X, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of X% over the period from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Cosmetic and toilet preparation consumption peaked at $X in 2018; however, from 2019 to 2023, consumption failed to regain momentum.

Production of Cosmetics And Toilet Preparations in the U.S.

In value terms, cosmetic and toilet preparation production reduced to $X in 2023. The total output value increased at an average annual rate of X% from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X%. Cosmetic and toilet preparation production peaked at $X in 2022, and then reduced in the following year.

Exports of Cosmetics And Toilet Preparations

Exports from the U.S.

In 2023, after six years of growth, there was decline in overseas shipments of cosmetics and toilet preparations, when their volume decreased by X% to X tons. Over the period under review, exports, however, showed a strong expansion. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2022, and then shrank in the following year.

In value terms, cosmetic and toilet preparation exports rose remarkably to $X in 2023. The total export value increased at an average annual rate of X% from 2013 to 2023; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. The exports peaked in 2023 and are expected to retain growth in the immediate term.

Exports by Country

Canada (X tons) was the main destination for cosmetic and toilet preparation exports from the United States, with a X% share of total exports. Moreover, cosmetic and toilet preparation exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), threefold. The UK (X tons) ranked third in terms of total exports with a X% share.

From 2013 to 2023, the average annual growth rate of volume to Canada totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and the UK (X% per year).

In value terms, Canada ($X) remains the key foreign market for cosmetics and toilet preparations exports from the United States, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2013 to 2023, the average annual rate of growth in terms of value to Canada totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and the UK (X% per year).

Export Prices by Country

The average cosmetic and toilet preparation export price stood at $X per ton in 2023, increasing by X% against the previous year. Overall, the export price, however, recorded a pronounced setback. The growth pace was the most rapid in 2014 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 2017; however, from 2018 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced a decline.

Imports of Cosmetics And Toilet Preparations

Imports into the U.S.

In 2023, purchases abroad of cosmetics and toilet preparations decreased by X% to X tons for the first time since 2012, thus ending a ten-year rising trend. Overall, imports, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2022, and then shrank in the following year.

In value terms, cosmetic and toilet preparation imports expanded significantly to $X in 2023. In general, total imports indicated prominent growth from 2013 to 2023: 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 2023 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked in 2023 and are expected to retain growth in the near future.

Imports by Country

Canada (X tons), China (X tons) and Mexico (X tons) were the main suppliers of cosmetic and toilet preparation imports to the United States, together accounting for X% of total imports. France, Italy, South Korea, Spain, the UK, India, the United Arab Emirates, Ireland, Turkey and Germany lagged somewhat behind, together accounting for a further X%.

From 2013 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of cosmetics and toilet preparations to the United States, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2013 to 2023, the average annual growth rate of value from France amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and Italy (X% per year).

Import Prices by Country

In 2023, the average cosmetic and toilet preparation import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price, however, showed a deep downturn. The import price peaked at $X per ton in 2017; however, from 2018 to 2023, 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 France ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform