The export value of beauty, make-up, and skin care preparations from South Africa has shown considerable growth from 2013 to 2023, rising from USD 240.75 million to USD 331.11 million. In recent years, the market experienced a stable increase, with a 3.3% year-on-year variation in 2023. The past five years saw an average annual growth rate (CAGR) of 3.29%.
From 2024 onwards, the forecast indicates a continuous upward trend, with the export value expected to reach USD 386.45 million by 2028. The anticipated 5-year CAGR from 2024 to 2028 stands at 2.43%, showcasing steady annual growth.
Future trends to watch for include the impact of global economic conditions on consumer demand, advancements in beauty and skincare technology, shifts in consumer preferences towards natural and organic products, and potential trade policies affecting export dynamics.
