Key Market Indicators
The make-up market in Spain is set to reach $2.8 billion by 2026, up from $2.4 billion in 2021. This equates to an average annual growth of 2.2%, according to recent estimates. Since 1994, Spanish demand for make-up has grown at an average rate of 5.6% year on year. In 2021, the country ranked 12th in terms of imports, with Russia overtaking it with $1.21 billion. The US, Singapore and Germany respectively took the top three spots in this ranking. Meanwhile, Spanish exports of make-up are forecast to reach $1.41 billion by 2026 from $1.19 billion in 2021, with an average annual growth of 2.8%. Since 1994, Spanish supply has increased by 8.9% year on year. In 2021, Canada overtook Spain in terms of exports, with $1.19 billion. The US, Singapore and South Korea were the top three in this ranking.
