Key Market Indicators
Make-up sales are set to reach $572 million by 2026. In 2020, the market was up 4.2% year on year. Japan, the United Kingdom and Germany ranked numbers 2, 3 and 4 respectively. Australian make-up exports are expected to rise to $615 million by 2026, from $504 million in 2021, growing an average of 3.4% each year. Since 1993, Australian supply has grown 10% year on year. Thailand led the rankings in 2021, with Australia coming in at number 19. The United States, Singapore and South Korea followed in second, third and fourth place. Australian make-up imports are set to reach $1.16 billion by 2026, from $987 million in 2021, growing at a CAGR of 2.7% year on year. Since 1993, Australian demand has grown 7.2% year on year. Australia was ranked number 18 in 2021, with Poland coming ahead of them with $987 million. The United States, Singapore and Germany took the second, third and fourth spots in the rankings.
