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.
