Key Market Indicators
Thailand's cosmetics export is predicted to reach $2.6 billion by 2026, up from $2.3 billion in 2021. This figure is set to rise by an average of 2.2% year-on-year. Since 1994, the country's supply has grown at an average of 4.9% year-on-year. In 2021, Thailand ranked 18th globally, with Canada overtaking it to rank 17th with exports of $2.3 billion. The US, Germany, and Ireland ranked 2nd, 3rd, and 4th respectively. Meanwhile, Thailand's cosmetics import is expected to reach $2.6 billion by 2026, up from $2.1 billion in 2021. This figure is set to rise by an average of 3% year-on-year. Since 1993, the country's demand has increased at an average of 6.6% year-on-year. In 2021, Thailand was 19th in the global ranking, with South Korea coming ahead at $2.1 billion. China, Germany, and the UK ranked 2nd, 3rd, and 4th respectively.
