The lip make-up preparations market in Colombia has experienced fluctuating growth over the past decade. In 2023, the market size was valued at $122.03 million USD, marking a year-on-year increase of 1.67% from 2022. The latest five-year compound annual growth rate (CAGR) stood at 1.47%, indicating modest growth. Notably, there were periods of decline, such as a significant drop in 2014 and a smaller decline during the pandemic in 2020. However, the market showed resilience with recovery and continuous growth from 2021 to 2023.
Future trends to watch include:
- The impact of innovative products and sustainable packaging on consumer preferences.
- Economic factors influencing purchasing power in Colombia that could drive growth.
- Potential growth in lip make-up preparation exports driven by regional demand.
How does Colombia rank in Lip Make-Up Preparations Market Size Value?
| # | 42 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 7,707,300,000 | 2023 | +3.25% | +4.53% | View data |
| 2 | 2 France | 1,564,800,000 | 2023 | +3.54% | +3.84% | View data |
| 3 | 3 United Kingdom | 1,278,700,000 | 2023 | +1.8% | +2.55% | View data |
| 4 | 4 Germany | 919,270,000 | 2023 | +2.33% | +1.9% | View data |
| 5 | 5 Canada | 855,050,000 | 2023 | +2.72% | +3.39% | View data |
| 10 | 10 Poland | 166,350,000 | 2023 | -1.12% | -1.02% | View data |
| 11 | 11 Netherlands | 122,140,000 | 2023 | +4.69% | +1.6% | View data |
| 12 | 12 Colombia | 122,030,000 | 2023 | +1.67% | +1.47% | |
| 13 | 13 Chile | 98,719,000 | 2023 | +2.04% | +2.01% | View data |
| 14 | 14 Sweden | 98,689,000 | 2023 | +0.53% | +0.57% | View data |
