Key Market Indicators
Sales of deodorant are expected to reach $11 billion by 2026, a slight decrease from $10.9 billion in 2020. The market is projected to decrease by an average of 0.5% annually. The United Kingdom, Germany, and France were ranked 2nd, 3rd, and 4th respectively. Armenian exports of deodorant are estimated to grow 5.1% year-on-year, reaching 14,330 kilograms by 2026. This is up from 10,560 kilograms in 2021, a 197.9% increase since 2002. Armenia was ranked 81st in 2021, but was surpassed by Sri Lanka with 10,560 kilograms. Germany, Italy, and Poland followed in the 2nd, 3rd, and 4th spots. Imports of deodorant to Armenia are forecast to increase 3.3% year-on-year, totaling 563,930 kilograms by 2026. This is up from 463,940 kilograms in 2021, a 6.8% increase since 2002. Armenia was ranked 99th in 2021, with Cyprus taking the lead with 463,940 kilograms. The United Kingdom, Germany, and the United States followed in the 2nd, 3rd, and 4th spots.
