The export of beauty, make-up, and skin care preparations from the UAE has exhibited significant fluctuations over the past decade, with some notable peaks and troughs. After starting at a relatively low value in 2013, there was a dramatic increase in 2017, followed by consistent growth in the subsequent years. By 2023, the export value stood at 1203.3 million USD. The year-on-year variations over the last two years have shown steady growth: a 4.94% increase in 2022 and a 4.61% increase in 2023. Over the last five years, the compound annual growth rate (CAGR) averaged at 2.19%.
Trends to watch for in the future include:
- A forecasted growth rate of 15.89% over the next five years, suggesting continued robust expansion in the sector.
- A forecasted 5-year CAGR of 2.99%, indicating a stable growth trajectory despite past volatility.
- Potential shifts in global beauty and skincare trends could impact these forecasts, along with international trade policies and economic conditions.
