Key Market Indicators
Cosmetics trading in Iceland is set to increase in the coming years. Export is expected to reach $15 million by 2026, up 3.7% annually since 2021 when it stood at $12 million. This growth rate is higher than the 15.8% rise since 1993. Iceland was in 89th place in 2021, behind Cyprus at $12 million. The US, Germany and Ireland were the leading countries, in that order. Meanwhile, import is set to reach $56 million by 2026, a 2.1% rise annually since 2021 when it was $50 million. This growth is lower than the 5.3% increase since 1993. Iceland was in 109th place in 2021, behind Zambia at $50 million. China, Germany and the UK were the leading countries.