Key Market Indicators
The UK is set to become a major player in the cosmetics market. Exports are predicted to reach around $6.6 billion by 2026, with a year-on-year growth rate of 1.1%. Since 1998, there has been an average 2.5% year-on-year growth. In 2021, the UK was ranked 8th, behind Italy with $6.2 billion in exports. The US, Germany and Ireland are ranked 2nd, 3rd and 4th respectively. Imports are set to rise to approximately $8 billion by 2026, with a CAGR of 1.6%. Since 1998, British demand has increased by an average of 3.1% year-on-year. In 2021, the UK was ranked 4th, behind Germany with $7.2 billion in imports. China, Germany and the UK are ranked 2nd, 3rd and 4th respectively.
The United Kingdom Cosmetics Market Data and Forecasts
What is the size of the British Cosmetics Market in 2022?
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