Key Market Indicators
Armenian cosmetics export is expected to reach almost $3.6 million by 2026, growing by an average of 3.8% each year. Since 2002, the country has seen a 22.4% year-on-year increase in supply. In 2021, Armenia was placed 103rd on the list of countries, with Montenegro overtaking it with $2.8 million. The United States, Germany and Ireland were the top three countries in the list. Armenian cosmetics import is predicted to reach $76.9 million by 2026, with a CAGR of 2.4% each year. Since 2002, demand has increased by 6.4% annually. In 2021, Armenia was 100th on the list of countries, with Botswana overtaking it with $66.8 million. China, Germany and the United Kingdom were the next three countries on the list.
