Key Market Indicators
South African exports of cosmetics are expected to reach $751 million by 2026, up from $663 million in 2021. This represents an average annual growth rate of 2.1%. Since 2005, South African supply has grown by 4.6% year on year. In 2021, Denmark was number one with $663 million, followed by the United States, Germany and Ireland. Meanwhile, South African imports of cosmetics are predicted to reach $1.41 billion by 2026, up from $1.21 billion in 2021. This reflects an average annual growth rate of 2.6%. Since 2005, South African demand has increased by 6.3% year on year. In 2021, Malaysia was number one with $1.21 billion, followed by China, Germany and the United Kingdom.
