From 2013 to 2023, Jamaica's Lip Make-Up Preparations market faced a steady decline in per capita value. In 2013, the value was at a peak of $0.31 per capita. After maintaining this for a few years, a downward trend began, reaching $0.24 per capita in 2023. This reflects a notable decrease over the decade.
Year-on-year, the per capita value showed little variation in 2022 and 2023, stagnating at $0.24. From a longer perspective, the five-year compound annual growth rate (CAGR) between 2018 to 2023 highlights a subtle downward shift, averaging a slight decrease each year.
Future trends to watch include the impact of emerging local beauty brands and potential shifts in consumer preferences towards more natural products, which could influence market dynamics and stimulate growth. Monitoring demographic changes and tourism effects might offer insights into potential recovery or further decline.
| # | 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 | ||
| 36 | 36 Morocco | 0.58 | 2023 | View data | ||
| 37 | 37 Vietnam | 0.32 | 2023 | View data | ||
| 38 | 38 Jamaica | 0.24 | 2023 | |||
