Key Market Indicators
Global make-up sales are projected to reach $10 billion by 2026, up 1.7% annually from 2020. In 2020, the market had grown 3.6% year-on-year. Japan, the United Kingdom, and Germany ranked second, third, and fourth, respectively. Uruguayan make-up exports are estimated to reach $536,680 by 2026, a 3.3% year-on-year increase from 2021. Since 1999, Uruguayan exports have risen 29.1% annually. In 2021, the country ranked 101st, with Honduras ahead at $441,550. The United States, Singapore, and South Korea ranked second, third, and fourth, respectively. Uruguayan make-up imports are expected to reach $24.7 million by 2026, up 2.4% year-on-year from 2021. Since 1999, Uruguayan demand has grown 5.8% yearly. In 2021, the country ranked 92nd, with Palestine ahead at $21.5 million. The United States, Singapore, and Germany placed second, third, and fourth, respectively.
