Health & Beauty

According to the import and export data, in 2021, the total retail sales of cosmetics in China will be 402.6 billion yuan, with a year-on-year growth of 18.41%, which is the largest growth rate of the total retail sales of cosmetics in China in the past eight years.

However, according to the latest import and export data 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.

The import and export data show that since this year, the total retail sales of cosmetics have shown a significant downward trend. The import and export data show that the monthly retail sales of cosmetics increased by 1.8%, - 3.6%, - 5.2% and - 2.5% respectively from February to June, far from the high double-digit growth in previous years.

Import and export data show that mass 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.