Key Market Indicators
By 2026, Latvian cosmetics import is predicted to be worth $198 million, a 2.1% year-on-year growth from 2021's $174.5 million. Since 1999, demand has been up 5.6% yearly. Last year, Latvia was 78th in the world rankings, with Luxembourg ahead at $174.5 million. China, Germany and the UK were numbers two, three and four respectively. Exports of Latvian cosmetics are set to hit $150.6 million by 2026, an average of 2.9% growth year-on-year from 2021's $126.4 million. Since 1999, supply has increased by 7.6% per annum. Last year, Latvia was 53rd in the world rankings, with Belarus overtaking at $126.4 million. The US, Germany and Ireland came in 2nd, 3rd and 4th place respectively.
