Europe: Cosmetics Market 2023

Cosmetics Market Size in Europe

The Europe cosmetics market expanded notably to $X in 2021, growing by 14% against the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in years to come.

Cosmetics Production in Europe

In value terms, cosmetics production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 27% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Cosmetics Exports

Exports in Europe

In 2021, shipments abroad of cosmetics was finally on the rise to reach X tons after two years of decline. The total export volume increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when exports increased by 10% against the previous year. The volume of export peaked at X tons in 2018; afterwards, it flattened through to 2021.

In value terms, cosmetics exports soared to $X in 2021. Total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, France (X tons), distantly followed by Germany (X tons), Poland (X tons), Spain (X tons), the UK (X tons), Italy (X tons) and the Netherlands (X tons) were the key exporters of cosmetics, together creating 79% of total exports. The following exporters - Belgium (X tons), Ireland (X tons), the Czech Republic (X tons) and Russia (X tons) - together made up 11% of total exports.

From 2012 to 2021, the biggest increases were recorded for Ireland (with a CAGR of +15.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the largest cosmetics supplier in Europe, comprising 34% of total exports. The second position in the ranking was taken by Germany ($X), with a 13% share of total exports. It was followed by the UK, with a 7.5% share.

In France, cosmetics exports increased at an average annual rate of +5.4% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+3.4% per year) and the UK (+3.3% per year).

Export Prices by Country

In 2021, the export price in Europe amounted to $X per ton, picking up by 9.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the Czech Republic ($X per ton), while Ireland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+10.1%), while the other leaders experienced more modest paces of growth.

Cosmetics Imports

Imports in Europe

In 2021, cosmetics imports in Europe expanded rapidly to X tons, with an increase of 6.1% on the previous year. The total import volume increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 7% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, cosmetics imports soared to $X in 2021. The total import value increased at an average annual rate of +4.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the nine major importers of cosmetics, namely the UK, Germany, the Netherlands, France, Belgium, Poland, Spain, Italy and Russia, represented more than two-thirds of total import. The following importers - the Czech Republic (X tons), Austria (X tons), Sweden (X tons) and Slovakia (X tons) - together made up 9% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Slovakia (with a CAGR of +11.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the UK ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 32% share of total imports. Belgium, the Netherlands, Russia, Italy, Poland, Spain, the Czech Republic, Sweden, Austria and Slovakia lagged somewhat behind, together accounting for a further 47%.

The Czech Republic, with a CAGR of +17.3%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Europe amounted to $X per ton, increasing by 8.9% against the previous year. Over the last nine years, it increased at an average annual rate of +2.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the Czech Republic ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+10.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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