Health & Beauty

According to the observation report of Huacheng's import and export data, in 2021, the total retail sales of cosmetics in China will reach 402.6 billion yuan, an increase of 18.41% year on year, which is the largest increase in the total retail sales of cosmetics in China in the past eight years.

However, according to the latest major import and export data of the total retail sales of social consumer goods in July 2022, the total retail sales of cosmetics from January to July were 216.1 billion yuan, down 2.1% year on year.

According to the observation report of Huacheng's import and export data, since this year, the total retail sales of cosmetics have shown a significant downward trend. From February to June, the monthly retail sales of cosmetics have increased by 1.8%, - 3.6%, - 5.2% and - 2.5% respectively, which is far from the double-digit growth in previous years.

Popular cosmetics are under pressure, but many insiders in the cosmetics industry said that functional skin care, light medical beauty, children's mother and baby skin care, men's beauty and other subdivisions have seen significant growth, according to Huacheng's import and export data observation report.