Iran: Cosmetics Market 2024

Cosmetics Market Size in Iran

The Iranian cosmetics market reduced to $X in 2022, which is down by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a deep setback. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Cosmetics Exports

Exports from Iran

In 2022, overseas shipments of cosmetics increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, cosmetics exports surged to $X in 2022. In general, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Azerbaijan (X tons) was the main destination for cosmetics exports from Iran, with a X% share of total exports. Moreover, cosmetics exports to Azerbaijan exceeded the volume sent to the second major destination, Armenia (X tons), fourfold. The third position in this ranking was taken by China (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Azerbaijan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Armenia (X% per year) and China (X% per year).

In value terms, Azerbaijan ($X) remains the key foreign market for cosmetics exports from Iran, comprising X% of total exports. The second position in the ranking was held by China ($X), with an X% share of total exports. It was followed by Armenia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Azerbaijan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Armenia (X% per year).

Export Prices by Country

In 2022, the average cosmetics export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Georgia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cosmetics Imports

Imports into Iran

In 2022, purchases abroad of cosmetics increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, cosmetics imports shrank dramatically to $X in 2022. In general, imports, however, faced a abrupt slump. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons), Turkey (X tons) and France (X tons) were the main suppliers of cosmetics imports to Iran, together accounting for X% of total imports. Poland, Belgium, India, Thailand, Free Zones, Italy, Indonesia and Germany lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cosmetics suppliers to Iran were the United Arab Emirates ($X), Turkey ($X) and Italy ($X), together comprising X% of total imports. Belgium, France, Poland, Free Zones, India, Germany, Indonesia and Thailand lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Belgium, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cosmetics import price stood at $X per ton in 2022, dropping by X% against the previous year. Overall, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cosmetics import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton, and then shrank significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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