Key Market Indicators
Make-up sales are predicted to rise to $11.2 million by 2026, a 0.3% average year-on-year growth from 2020's $10.9 million. The market has seen an increase of 2.1% year-on-year. Japan, the United Kingdom, and Germany were the top three countries in this ranking. Latvian make-up exports are expected to reach $77 million by 2026, a 3.3% year-on-year CAGR from 2021's $63.3 million. Supply has increased 9.1% year-on-year since 1999. The country ranked 44th in 2021, with Bulgaria at $63.3 million coming ahead. The United States, Singapore, and South Korea were numbers two, three, and four in this ranking. Latvian make-up imports are estimated to reach $82.8 million by 2026, a 2.3% year-on-year CAGR from 2021's $72.3 million. Demand has risen 6.5% year-on-year since 1999. The country was 64th in 2021, with Guatemala at $72.3 million ahead. The United States, Singapore, and Germany respectively ranked numbers two, three, and four in this ranking.