Key Market Indicators
Kuwait’s cosmetics market is set to expand over the next five years. Export is expected to grow 1.4% annually, reaching $25 million by 2026. This is an increase of $1.9 million from 2021 levels of $22.7 million. The country ranked 75th in 2021 among the world’s top exporters, while Costa Rica was in first place with $22.7 million. The United States, Germany, and Ireland were in second, third, and fourth place, respectively. On the import side, Kuwait is expected to see an increase of 2.4% annually, bringing the total to $763 million by 2026. This is an increase of $99 million from 2021 levels of $663 million. The country ranked 40th in 2021 among the world’s top importers, while Ukraine was in first place with $663 million. China, Germany, and the United Kingdom were in second, third, and fourth place, respectively.
