Industry revenue of “retail sale of cosmetic and toilet articles“ in Spain 2012-2024

The Spanish market for cosmetic and toilet articles has grown over 50 percent between 2012-2019, owing to the growing demand for skin and hair care products, deodorants, emergence of natural cosmetics and the rise in the number of SMEs manufacturing cosmetic products. In 2018, there were 476 SMEs manufacturing cosmetics products in Spain.

Spanish cosmetic market is the fourth largest in Europe

Spain’s cosmetic market is the fourth largest in Europe, only behind France, Germany and Italy. Skin care products are the most popular amongst consumers, with a consumption value of 1.9 billion euros in 2018. Toiletries, followed by perfumes and decorative cosmetics follow suit. Most of the products are distributed through mass channel retailers, including single-branded stores and herbalist shops.

Exports to be impacted due to Covid-19

Spain is one of the leading exporters of cosmetics not only in the EU, but also the world, having exported products worth over 5 billion U.S. dollars in 2018. However, exports and the industry as a whole are projected to take a major hit in 2020 and the short term due to the outbreak of the Covid-19. All manufacturing operations are on a virtual standstill for an indefinite period as a nationwide lockdown has been announced.

Industry revenue of “retail sale of cosmetic and toilet articles“ in Spain from 2012 to 2024

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Sources

Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.123

The industry classification is based on the NACE Rev.2 - system in Spain. The industry “retail sale of cosmetic and toilet articles in specialised stores“ has the code “G4775“.

Details on the methodology can be found here.

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