Key Market Indicators
Armenia's hair care export is projected to increase to nearly $357,000 by 2026, growing at a rate of 2.3 percent each year on average. Since 2004, Armenia's supply has grown 47 percent annually. In 2021, Armenia was the 93rd ranked country, with Mauritius overtaking it with $308,590. The United States, Italy, and France were the 2nd, 3rd, and 4th ranked countries, respectively. Armenia's hair care imports are also expected to grow to $19.2 million by 2026, with a compound annual growth rate of 1.6 percent. Since 2002, Armenia's demand has increased by 5.3 percent each year. In 2021, the country was ranked 86th, with Cyprus overtaking it at $17.27 million. The United Kingdom, Germany, and China were the 2nd, 3rd, and 4th highest-ranked countries, respectively.
