Key Market Indicators
Canada's cosmetics import is forecast to reach $4.5 billion by 2026, a 2% year-on-year average rate of growth. Since 1994, Canadian demand has grown by an average of 3.4% per year. Canada ranked 8th in 2021, with Spain overtaking it at $3.9 billion. China, Germany and the United Kingdom ranked 2nd, 3rd and 4th respectively. Meanwhile, Canada's cosmetics export is set to reach $2.6 billion by 2026, growing at a rate of 2.1% year on year. Since 1994, Canadian supply has grown by 4.4% per year. The country ranked 17th in 2021, with the United Arab Emirates overtaking it at $2.3 billion. The United States, Germany and Ireland ranked 2nd, 3rd and 4th respectively.
