Key Market Indicators
Guyanese exports of cosmetics are expected to drop to $330 million by 2026, a 2.5% decline from 2021's figure of $383 million. Since 2002, the supply has been decreasing by an average of 3.6% per year. In 2021, Guyana ranked 119th, with Niger overtaking the country at $383 million. The United States, Germany and Ireland came in at 2nd, 3rd and 4th places in the ranking respectively. Meanwhile, import of cosmetics in Guyana is forecast to reach $24.8 million by 2026, a 2.5% growth from 2021's figure of $21.4 million. Since 1997, demand has been increasing by an average of 2.6% annually. In 2021, Guyana was 120th, with Barbados ranking ahead at $21.4 million. China, Germany and the United Kingdom placed 2nd, 3rd and 4th respectively.
