Key Market Indicators
Azerbaijan's makeup import is projected to increase to nearly $41.5 million by 2026, up from $32.7 million in 2021. On average, demand for make-up has grown 10% year-on-year since 2001, causing Azerbaijan to climb to number 80 on the list, overtaking Nepal at $32.7 million. The United States, Singapore and Germany occupied ranks 2, 3 and 4 respectively. Meanwhile, makeup exports from Azerbaijan are expected to reach $95.9 million by 2026, up from $92.8 million in 2021. Since 2002, the country's supply of make-up has risen 11.8% on average each year, bringing Azerbaijan to number 111 on the list, surpassing Botswana at $92.8 million. The US, Singapore and South Korea held ranks 2, 3 and 4 respectively.
