The Lip Make-Up Preparations market in Austria has shown notable growth over the past decade. Starting at $6.36 per capita in 2012, the value increased steadily until 2016 when a significant rise to $8.92 per capita was observed. The years 2017 to 2022 saw a fluctuating yet generally increasing trend, with a slight dip in 2019 and 2020, likely impacted by macroeconomic factors such as the global pandemic. By 2022, the value reached $9.55 per capita.
The year-on-year variations for the last two years indicate an increase of 5.2% from 2021 to 2022. The market witnessed a Compound Annual Growth Rate (CAGR) of approximately 1.7% over the last five years from 2018 to 2023. This steady growth suggests sustained consumer interest and market expansion.
Future trends to watch for include potential impacts of economic recovery, innovations in product offerings, and changes in consumer preferences towards sustainable and organic products. Monitoring these factors will be crucial to understanding market dynamics moving forward.
| # | 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 | ||
| 7 | 7 Ireland | 12.05 | 2023 | View data | ||
| 8 | 8 Germany | 11.03 | 2023 | View data | ||
| 9 | 9 Austria | 9.67 | 2023 | |||
| 10 | 10 Sweden | 9.46 | 2023 | View data | ||
| 11 | 11 South Korea | 8.93 | 2023 | View data | ||
