Key Market Indicators
Russian imports and exports of cosmetics are set to soar over the next five years. In 2021, Russia ranked 12th in imports of cosmetics, with an estimated value of $3.75 billion. This is an increase of 1.4% year-on-year compared to 2021. Since 2001, demand has grown at an average rate of 5.8% year-on-year. Belgium was the leading importer, followed by China, Germany and the United Kingdom. Meanwhile, Russia was ranked 26th in exports of cosmetics in 2021, with an estimated value of $911 million. This is a 3% year-on-year increase compared to 2021. Since 2001, supply has grown at an average rate of 8.7% year-on-year. Indonesia was the leading exporter, followed by the United States, Germany and Ireland.
Latest reports
Russia Cosmetics Market Report- Q1 2025
In the first quarter of 2025, the cosmetics market in Russia experienced significant shifts influenced by ongoing geopolitical tensions, economic sanctions, and changing...
Russia Cosmetics Market Report- Q4 2024
The Russian cosmetics market in the fourth quarter of 2024 has been defined by a strong shift towards local production and affordability due...
