Cosmetics: Market value in Great Britain 2009-2020

Over the past years, the cosmetics market value in Great Britain has generally increased. However, beginning 2017, the cosmetics market value in the UK is displaying a downward trend, reaching a low of 8.71 billion British pounds. This is a decrease in market value of around 1.1 million British pounds as compared to the highest market value 2017.

Export market for the UK’s cosmetics industry

According to the top ten export markets of the UK’s cosmetics industry, the 2019 leading market is the Irish Republic having an export value of 513.3 million British pounds. Surprisingly, the smaller EU country of Belgium is in second place, generating approximately 381.8 million British pounds in export value. The United States rounds out the top three and generates approximately 356.3 million British pounds in export for the UK. Overall, the UK’s cosmetics industry focuses most of its exports on European countries as 64.8 percent of the exports go to the EU-27 countries.

Cosmetics consumption in Europe

As the EU’s most populated country and economic powerhouse, Germany consumed the most personal care and cosmetics products in 2019. At 14.05 billion Euros, Germany’s cosmetics industry revenue was approximately 2.61 billion Euros higher than the UK’s, which came in third place for consumption. The third most densely populated country of Belgium, also had high rates of consumption in 2018, coming in eighth place at two billion Euros.