Key Market Indicators
Make-up sales are set to reach $20 billion by 2026, growing 1.3% annually on average. In 2020, the global market grew 1.9% year over year. Japan, the United Kingdom and Germany ranked second, third and fourth, respectively. Bolivian make-up imports are projected to reach $42 million by 2026, increasing 2.2% annually on average. Since 1997, Bolivian demand has risen 1.9% year over year. The country came in 78th place in 2021, with Namibia overtaking it at $36.6 million. The United States, Singapore and Germany placed second, third and fourth, respectively. Bolivian make-up exports are expected to drop to $50 million by 2026, a decrease of 5.9% per year on average. Since 1999, Bolivian supply has declined 14.4% annually. The nation was 114th in 2021, with Brunei ahead at $70.8 million. The United States, Singapore and South Korea ranked second, third and fourth, respectively.
