Cosmetics will soon cost more. Here's why
Australians are likely to face higher prices for cosmetic products due to disruptions in crude oil supply caused by the Middle East conflict. Even if the Strait of Hormuz reopens soon, increased costs for petroleum-derived raw materials and packaging have already impacted the supply chain. Industry experts warn of ongoing price pressures, supply delays, and potential product shortages in the near future.
- ▪Crude oil is a key component in many cosmetic products, including lipsticks, moisturisers, and conditioners, through derivatives like petroleum jelly and mineral oil.
- ▪Australia's cosmetics industry relies heavily on imported raw materials and plastic packaging, making it vulnerable to global supply chain disruptions.
- ▪The cost of raw materials and polyethylene packaging has reached record highs, leading to increased production costs and freight surcharges.
- ▪Industry experts warn of supply continuity issues, including delays, reduced availability, and longer lead times for cosmetic products.
- ▪The beauty and personal care market in Australia is projected to generate over $12 billion in revenue in 2026.
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Australians likely to pay more for cosmetic items even if Strait of Hormuz reopens soon. Here's whyBy business reporter Yiying LiTopic:Cosmetic Industry13m ago13 minutes agoSat 2 May 2026 at 2:03amOn average, Australians spend about $454 per year on cosmetics. (ABC News: Giulio Saggin/File)abc.net.au/news/australians-likely-pay-more-cosmetics-even-if-strait-hormuz-open/106564794Link copiedShareShare articleAustralians will likely be forced to pay more for cosmetic products, such as lipsticks and moisturisers, due to crude oil supply disruptions caused by the Middle East war.Even if the situation stabilises soon, higher prices for petroleum-derived raw materials have already flowed through and will take months to normalise, an industry expert warns.In Australia, the beauty and personal…
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