Key Market Indicators
Demand for make-up in Cyprus is forecast to rise to $68 million by 2026, up from $64 million in 2021. This is an average yearly growth rate of 1.5% since 1994. In 2021, Cyprus was ranked 67th in the world, with the Dominican Republic overtaking it at $64 million. The US, Singapore and Germany ranked second, third and fourth, respectively. Supply of make-up from Cyprus is expected to reach $9 million by 2026, up from $8 million in 2021. This is an average yearly growth rate of 2.3% since 1994. In 2021, Cyprus was ranked 72nd in the world, with Saudi Arabia leading at $8 million. The US, Singapore and South Korea ranked second, third and fourth, respectively.
