Key Market Indicators
The German cosmetics industry is set to see promising growth in the coming years. According to data, exports of cosmetics and toiletries from Germany are expected to reach $13 billion by 2026, a 1.6% year-on-year growth rate since 2021. This follows an average year-on-year growth rate of 3.7% since 1996. In 2021, the United States overtook Germany as the largest exporter of cosmetics and toiletries, accounting for $11.8 billion, with Germany, Ireland and the United Kingdom respectively ranking 2nd, 3rd and 4th. Similarly, imports of cosmetics and toiletries into Germany are expected to reach $10 billion by 2026, a 2.1% year-on-year growth rate since 2021. This follows an average year-on-year growth rate of 4.5% since 1996. In 2021, China overtook Germany as the largest importer of cosmetics and toiletries, accounting for $8.8 billion, with Germany, the United Kingdom and France respectively ranking 2nd, 3rd and 4th.
Germany Cosmetics Market Data and Forecasts
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