Key Market Indicators
Make-Up sales are forecasted to reach $5.2 billion by 2026, a slight decrease from $5.3 billion in 2020. This decrease is expected to average 0.2% year-on-year and the market is estimated to grow 0.9% a year. Japan, the United Kingdom and Germany were the top three markets in this ranking. Armenian Make-Up imports are set to rise to $21.1 million by 2026, up from $18 million in 2021. This is an average annual growth rate of 2.7% since 2002, when the demand increased 7.6% year-on-year. Mongolia overtook Armenia, who ranked 95th, with imports of $17.9 million. The United States, Singapore and Germany were the next three countries in this ranking. Armenian Make-Up exports are expected to reach $935,000 by 2026, up from $705,000 in 2021. This is an average annual growth rate of 4.7%. Since 2004, Armenian supply has grown 30.8% year-on-year. Paraguay overtook Armenia, who ranked 98th, with exports of $705,000. The United States, Singapore and South Korea were the next three countries in this ranking.
