The Lip Make-Up Preparations Market value per capita in El Salvador increased from $1.34 in 2013 to $1.97 in 2023, highlighting fluctuating consumer spending habits, with an overall growth trajectory. After peaking in 2016 at $2.07, market value fluctuated, dropping significantly by 2018. Recovery began in 2020, accelerating subtly by 2023. The last two years saw a stable year-on-year growth with 2023 value standing at $1.97, a 1.57% annual growth compared to 2022. The 5-year compound annual growth rate (CAGR), from 2018 to 2023, averaged 1.2%.
Future trends to watch for:
- Consumer shifts towards sustainable and organic lip products.
- E-commerce expansion enhancing market accessibility.
- Rising disposable incomes potentially boosting premium product purchases.
| # | 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 | ||
| 28 | 28 Bulgaria | 2.12 | 2023 | View data | ||
| 29 | 29 Moldova | 2.11 | 2023 | View data | ||
| 30 | 30 El Salvador | 1.97 | 2023 | |||
| 31 | 31 Kazakhstan | 1.83 | 2023 | View data | ||
| 32 | 32 Mexico | 1.7 | 2023 | View data | ||
