Key Market Indicators
Ethiopian demand for make-up is projected to hit $21 million by 2026, up 3% annually from $17.8 million in 2021. Since 2000, Ethiopian demand has increased 12% annually. In 2021, the country ranked 96th, with Armenia ahead at $17.8 million. The United States, Singapore and Germany came in second, third and fourth, respectively. Ethiopian make-up exports are expected to reach $69 million by 2026, up 3.3% per year from $57 million in 2021. Since 2006, Ethiopian supply has grown 4.2% annually. In 2021, the country ranked 116th, with Nicaragua overtaking at $57 million. The United States, Singapore and South Korea took the second, third and fourth spots, respectively.
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