The\ncosmetics sector in Spain<\/strong><\/a> has been growing\nsteadily<\/strong> in recent years. Interest\nin skin and hair care<\/strong>, as well as perfumery\nand make-up<\/strong>, is growing worldwide, and this reality is not lost on Spain,\nwhere the cosmetics sector is beginning to accumulate\nyears of sustained growth. <\/strong><\/p>\n\n\n\n The global cosmetics market<\/strong> was estimated at \u20ac461.6 billion in 2017 and according to OrbisResearch.com, in a study published in the first quarter of 2018, it is estimated that the cosmetics sector will grow by 7.14% year-on-year until 2023<\/strong>. This would bring the cosmetics sector to \u20ac710.5 billion.<\/p>\n\n\n\n Astronomical profits in which the cosmetics sector in Spain would participate as one of the world’s top 10 exporters<\/strong> of perfumes and cosmetics. <\/p>\n\n\n\n <\/p>\n\n\n\n It would not be an exaggeration\nto consider that for the cosmetics\nsector in Spain, the crisis has already been more than overcome<\/strong>. After the\nsignificant drop in 2008, the sector began to recover. <\/p>\n\n\n\n In 2017, growth was 2.2% compared\nto 2016, with a market value of \u20ac4,271 million. According to the Spanish beauty division<\/strong><\/a>, growth by 2018 would be\nan additional 2 to 3%. Although there is a slowdown in the growth rate, the upward trend continues<\/strong><\/a>. <\/p>\n\n\n\n Skin care products<\/strong><\/a> represent the most important segment of the cosmetics sector in the Iberian Peninsula<\/strong>, with 28.1% of sales. This is followed by toiletries (25.3%), perfumes (18.8%), hair products (18.3%) and decorative cosmetics (9.5%). <\/p>\n\n\n\n The cosmetics sector in Spain coincides with international projections and trends. The desire of men and women to take better care of their appearance, to preserve a younger appearance,<\/strong> is an important factor. <\/p>\n\n\n\n For Spain, the sector is also an important source of employment with more than 35,000 direct jobs and about 200,000 indirect jobs. <\/strong><\/p>\n\n\n\n <\/p>\n\n\n\n As for Spain’s exports<\/strong> to the international market,\nwhich is our main interest<\/strong><\/a>, the outlook for the cosmetics sector is very positive<\/strong>. Cases such\nas the acceleration of export growth to the Chinese market<\/strong><\/a> are proof of this. <\/p>\n\n\n\n At the end of 2018<\/strong><\/a>, exports to the Asian giant\nwould have increased by 267% in one year. Although Spain’s market share is\nstill low compared to France, South Korea and Japan, growth is significantly\nhigher than that of these countries. <\/p>\n\n\n\n As for the latest available\nfigures, exports increased by 11.5% in 2017 to \u20ac3,508 million. More than 50% of these exports are within\nthe European Union<\/strong>, with Portugal, France and Germany being the main\nmarkets. The main destinations outside the EU are the United States, the United\nArab Emirates, Hong Kong, Mexico, Russia, Chile and Morocco. <\/p>\n\n\n\n Our recently published analysis of Spain’s trade balance ranks<\/strong><\/a> the cosmetics sector 12th in terms of exports and 18th in terms of imports, which tilts the volume of business in favour of Spanish industry. <\/p>\n\n\n\n <\/p>\n\n\n\n The secret of the Chinese economy<\/strong><\/a><\/strong><\/p>\n\n\n\n The\ngastronomic market in France<\/a><\/strong><\/p>\n\n\n\n The Spanish International Food and\nBeverage Exhibition: Alimentaria 2018<\/strong><\/a><\/strong><\/p>\n\n\n\n The cheese industry in Spain<\/strong><\/a><\/strong><\/p>\n\n\n\nConstantly growing<\/strong><\/h2>\n\n\n\n
Exports on the rise<\/strong><\/h2>\n\n\n\n
Other links of interest:<\/strong><\/h2>\n\n\n\n