Between 2013 and 2023, the lip make-up preparations market in Ecuador experienced notable growth, with the per capita value rising from $1.69 in 2013 to $2.97 in 2023. A significant increase was observed between 2014 and 2016, followed by fluctuating yet generally upward growth, particularly from 2021 to 2023. From 2022 to 2023, the market saw a year-on-year growth of approximately 2.41%. The compound annual growth rate (CAGR) from 2018 to 2023 is calculated at 2.86%.
Future trends to watch for include:
- The potential impact of economic fluctuations on consumer spending.
- Changes in consumer preferences, possibly shifting toward organic or sustainable products.
- The influence of global beauty trends entering local markets.
| # | 38 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 France | 23.21 | 2023 | View data | ||
| 2 | 2 Canada | 22.5 | 2023 | View data | ||
| 3 | 3 United Kingdom | 19.02 | 2023 | View data | ||
| 4 | 4 Australia | 17.5 | 2023 | View data | ||
| 5 | 5 Iceland | 13.44 | 2023 | View data | ||
| 22 | 22 Poland | 4.39 | 2023 | View data | ||
| 23 | 23 Montenegro | 4.1 | 2023 | View data | ||
| 24 | 24 Ecuador | 2.97 | 2023 | |||
| 25 | 25 Mauritius | 2.71 | 2023 | View data | ||
| 26 | 26 Peru | 2.59 | 2023 | View data | ||
