Key Market Indicators
Iceland's make-up exports are set to hit $15 million by 2026, up from $12 million in 2021. This is an average growth rate of 3.8% year on year. The country has seen a 15.9% annual increase in its make-up exports since 1994. Norway was the leading exporter in 2021, with $12 million in make-up exports, followed by the United States, Singapore and South Korea. Meanwhile, Iceland's make-up imports are set to reach $28 million by 2026, up from $24 million in 2021. This is an average growth rate of 2.2% year on year. The country has seen a 4% annual increase in its make-up imports since 1993. Kyrgyzstan was the leading importer in 2021, with $24 million in make-up imports, followed by the United States, Singapore and Germany.
