Switzerland: Cosmetics Market 2024

Cosmetics Market Size in Switzerland

The Swiss cosmetics market rose markedly to $X in 2022, surging by X% against the previous year. Over the period under review, consumption showed a significant increase. Cosmetics consumption peaked in 2022 and is expected to retain growth in the near future.

Cosmetics Production in Switzerland

In value terms, cosmetics production rose sharply to $X in 2022 estimated in export price. Over the period under review, production recorded a remarkable increase. The growth pace was the most rapid in 2017 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Cosmetics Exports

Exports from Switzerland

For the third consecutive year, Switzerland recorded growth in shipments abroad of cosmetics, which increased by X% to X tons in 2022. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, cosmetics exports stood at $X in 2022. In general, exports enjoyed strong growth. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020; afterwards, it flattened through to 2022.

Exports by Country

Germany (X tons), France (X tons) and China (X tons) were the main destinations of cosmetics exports from Switzerland, with a combined X% share of total exports. Hong Kong SAR, South Korea, Austria, Italy, Belgium, the United States, Poland, the UK, the Netherlands and the Czech Republic lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for cosmetics exported from Switzerland were China ($X), South Korea ($X) and Germany ($X), together comprising X% of total exports.

China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cosmetics export price amounted to $X per ton, stabilizing at the previous year. Over the period under review, the export price showed buoyant growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to France ($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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cosmetics Imports

Imports into Switzerland

In 2022, purchases abroad of cosmetics increased by X% to X tons, rising for the fourth year in a row after four years of decline. Overall, imports saw a moderate expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, cosmetics imports reached $X in 2022. Over the period under review, total imports indicated buoyant growth from 2012 to 2022: its value 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, imports increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

France (X tons), Germany (X tons) and the UK (X tons) were the main suppliers of cosmetics imports to Switzerland, with a combined X% share of total imports. Spain, Italy, the United States, the Netherlands, Poland, China and Canada lagged somewhat behind, together comprising a further X%.

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

In value terms, Germany ($X), France ($X) and the United States ($X) were the largest cosmetics suppliers to Switzerland, together comprising X% of total imports. Italy, the UK, China, the Netherlands, Poland, Spain and Canada lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Canada, with a CAGR of X%, saw 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, shrinking by X% against the previous year. Overall, the import price, however, recorded a slight increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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