In 2023, the global exports of beauty, cosmetics, and skincare products reached an impressive total of USD 73 billion.

This figure represents a significant 14.4% increase from USD 63.8 billion in 2019. Comparing year-over-year data, the total value of these globally exported goods grew by 4.2% from USD 70.1 billion in 2022 to USD 73 billion in 2023.

The top 5 exporters of beauty, cosmetics, and skincare products—France, South Korea, the United States, Singapore, and Germany—collectively accounted for nearly half (48.8%) of the global exports in this sector.

From a continental perspective, European countries led the global exports market, exporting beauty, cosmetics, and skincare products valued at USD 35.3 billion, which constitutes 48.4% of the global total. Asian exporters followed, contributing 37.1%, while North American countries were responsible for another 11.8% of the global shipments.

Smaller percentages of these global exports came from Africa (1%), Latin America (0.9%) excluding Mexico but including the Caribbean, and Oceania (0.8%), primarily driven by Australia and New Zealand.

For research purposes, the 4-digit Harmonized Tariff System code for beauty or makeup preparations and skincare preparations, including sunscreen, is 3304.

Leading Exporting Countries in 2023

Below is a list of the top 25 countries by export value for beauty, cosmetics, and skincare products in 2023:

· France: USD 12 billion (16.4%)

· South Korea: USD 7.2 billion (9.8%)

· United States: USD 6.2 billion (8.6%)

· Singapore: USD 5.5 billion (7.6%)

· Germany: USD 4.7 billion (6.4%)

· Mainland China: USD 3.8 billion (5.1%)

· Japan: USD 3.6 billion (5%)

· Hong Kong: USD 3.5 billion (4.8%)

· Italy: USD 2.9 billion (4%)

· Poland: USD 2.6 billion (3.6%)

· United Kingdom: USD 2.2 billion (3%)

· Canada: USD 1.92 billion (2.6%)

· Netherlands: USD 1.88 billion (2.6%)

· Spain: USD 1.82 billion (2.5%)

· Belgium: USD 1.4 billion (2%)

· Switzerland: USD 1.3 billion (1.8%)

· Czech Republic: USD 1.1 billion (1.6%)

· Thailand: USD 824.2 million (1.1%)

· India: USD 767.9 million (1.1%)

· Australia: USD 516.9 million (0.7%)

· Denmark: USD 513.7 million (0.7%)

· Mexico: USD 450.4 million (0.6%)

· Sweden: USD 412 million (0.6%)

· Taiwan: USD 396.9 million (0.5%)

· Türkiye: USD 340.6 million (0.5%)

These 25 countries accounted for 93.1% of global exports in this sector in 2023.

Among the leading exporters, the fastest growth in global exports from 2022 to 2023 was observed in mainland China (up 32.7%), Denmark (up 32.5%), Türkiye (up 29%), and Canada (up 25.6%).

Conversely, some countries experienced declines in their global export sales, including Japan (down 26.4%), Switzerland (down 19.4%), Singapore (down 11.7%), Australia (down 9%), and Hong Kong (down 8.9%).

Major Beauty, Cosmetics & Skincare Companies

Below are some of the major global companies involved in the international trade of beauty, cosmetics, and skincare products in the first half of 2024:

1. L’Oreal India Pvt Ltd: 44.18%, USD 68,195.77 Million

2. IVIA Beaute Private Limited: 39.78%, USD 61,414.34 Million

3. Ziri Tradelink Private Limited: 6.54%, USD 10,101.95 Million

4. Brillare Science Private Limited: 2.34%, USD 3,605.69 Million

5. The Himalaya Drug Company: 1.56%, USD 2,402.06 Million

6. VLCC Personal Care Ltd: 1.24%, USD 1,908.83 Million

7. Hegde and Hegde Pharmaceutica LLP: 1.23%, USD 1,892.82 Million

8. Aminu Wellness Private Limited: 0.65%, USD 1,002 Million

9. Lord’s Homoeopathic Laboratory Private Limited: 0.49%, USD 752.42 Million

10. Aimil Ayouthveda India Limited: 0.38%, USD 592.18 Million

These companies represent some of the most influential players in global exports within the beauty, cosmetics, and skincare industry, significantly contributing to international trade in these products.

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