Key Market Indicators
Make-up sales are set to reach $4.1 billion by 2026, up from $3.8 billion in 2020. This would represent a year-on-year growth rate of 1.5%, above the market average of 3.4%. Japan, the UK and Germany were the top three countries in this ranking. Montenegrin make-up imports are set to reach $20.3 million by 2026, up from $17.7 million in 2021. This would represent a year-on-year growth rate of 2.3%, above the market average of 4.6%. Montenegro came in at 97th place in 2021, Ethiopia overtaking it at $17.7 million. The US, Singapore and Germany were the top three countries in this ranking. Montenegrin make-up exports are set to reach $423,000 by 2026, up from $348,000 in 2021. This would represent a year-on-year growth rate of 3.3%, above the market average of 43.4%. Montenegro was 102nd in 2021, Nigeria overtaking it at $348,000. The US, Singapore and South Korea were the top three countries in this ranking.
