The Lip and Eye Make Up market in Romania has shown substantial fluctuations over the past decade, starting with a decline from 2013 to 2014, followed by a marked surge from 2015 to 2017. This upward trend peaked in 2018 with a moderate 7.17% increase. However, from 2019 onwards, the market experienced a consistent decline, culminating in a significant drop of 9.73% in 2023. The average compound annual growth rate (CAGR) over the last five years stands at -9.44%, indicating a sharp downturn in market value.
Future trends to watch for:
- Potential recovery driven by innovation in product formulations and sustainable packaging.
- Shifts in consumer preferences towards natural and organic make-up products.
- The impact of social media influencers on purchasing behaviors.
- Economic factors like disposable income and purchasing power in the post-pandemic world.
- Distribution channels and e-commerce growth.
How does Romania rank in Lip and Eye Make Up Market Size Value?
| # | 6 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 279,530,000 | 2023 | +3.03% | +2.85% | View data |
| 2 | 2 Sweden | 60,690,000 | 2023 | +3.06% | +2.85% | View data |
| 3 | 3 Portugal | 53,292,000 | 2023 | +3.06% | +3.09% | View data |
| 4 | 4 Finland | 35,157,000 | 2023 | +0.57% | -2.69% | View data |
| 5 | 5 Romania | 26,811,000 | 2023 | -9.73% | -9.44% | |
| 6 | 6 Croatia | 21,360,000 | 2023 | +1.65% | +1.52% | View data |
