Cosmetic powders and skin care preparations market in Spain

Earlier Report Observations

The Spanish market for cosmetic powders and skin care preparations began the period at $790 million in 2018, supported by rising consumer awareness of personal care and the growing influence of social media on skincare trends. However, the market contracted to $704 million in 2019 as new allergen labeling regulations forced product withdrawals and formulation adjustments, temporarily reducing supply. The onset of the COVID-19 pandemic in 2020 further disrupted the market, pushing its value down to $580 million, even as it sharpened consumer focus on skin health and care routines, laying the groundwork for recovery.

A strong rebound followed, with the market expanding to $886 million in 2021 as post-pandemic demand surged, fueled by rising interest in microbiome-friendly and sustainable products. Growth accelerated to $1,089 million in 2022, driven by skincare solidifying its market leadership, demand for multifunctional and personalized products, and innovation spurred by EU restrictions on ingredients like silicone D5. The market reached a peak of $1,170 million in 2023, recording historic sector growth of 12.1%, with skincare up 14.3% and sunscreen consumption rising 20%, supported by advanced ingredients such as peptides and plant stem cells.

In 2024, the market softened slightly to $1,103 million, likely due to ongoing industry adaptations to updated allergen labeling rules, which affected product availability. Concurrently, trends toward premiumization, personalized skincare diagnostics, and innovations in formulations continued to define the market's direction, with natural cosmetics projected for sustained future growth.

Production cosmetic powders and skin care preparations in Spain

In value, 2017-2020, M $ US

Production of cosmetic powders and skin care preparations in Spain declined for the second consecutive year. In 2020, output was valued at 795.9 million US dollars, marking a gradual decrease of 7.7% compared to the previous year. Over the period from 2017 to 2020, production increased by 3.3%, with a compound annual growth rate of 1.1%. The highest value was recorded in 2018 at 908.8 million US dollars, which also saw the largest increase of 18.0%.

Annual dynamics of production in Spain in value, 2017-2020, M $ US

Exports cosmetic powders and skin care preparations from Spain

Exports in kind, K t

Spain exported 116.9 thousand tonnes of cosmetic powders and skin care preparations in 2020, showing a slight year-on-year increase of 1.6%. Between 2017 and 2020, exports decreased by 19.7%, equivalent to an annualized rate of 7.1%. The lowest volume was recorded in 2019 at 115.1 thousand tonnes, while the highest was in 2018 at 146.5 thousand tonnes. The largest decline occurred in 2019, with a drop of 21.4%.

Annual dynamics of product's exports from Spain in kind, 2017-2020, K t

From 2017 to 2020, exports in kind of cosmetic powders and skin care preparations from Spain were not heavily concentrated. Germany accounted for 14.4% of exports in kind, the United Kingdom for 10.6%, and Portugal for 8.5%. Together, these three countries captured only 33.6% of total flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Spain in kind, 2017-2020

Exports in value, M $ US

After a two-year rise, foreign supplies of cosmetic powders and skin care preparations from Spain declined. In 2020, exports were recorded at 978 million US dollars, marking a moderate fall of 6.3% compared to the previous year. Over the period from 2017 to 2020, exports increased by 18.4%, with a compound annual growth rate of 5.8%. The highest value was recorded in 2019 at 1 044 million US dollars, while the largest increase occurred in 2018 at 19.1%.

Annual dynamics of product's exports from Spain in value, 2017-2020, M $ US

From 2017 to 2020, Portugal, Hong Kong, and France were the largest buyers of cosmetic powders and skin care preparations from Spain in value terms, with shares of 9.4%, 8.4%, and 8.0% respectively. However, their combined contribution was limited to 25.9% of total exports in value terms, reflecting a diversified country structure.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Spain in value, 2017-2020

Imports cosmetic powders and skin care preparations to Spain

Imports in kind, K t

After a two-year increase, the volume of cosmetic powders and skin care preparations imports into Spain declined. In 2020, imports registered 54.9 thousand tonnes, which is 35.9% lower than the previous year. Between 2017 and 2020, imports increased by 3.8%, equating to an annualized rate of 1.2%. The highest volume was recorded in 2019 at 85.6 thousand tonnes, which also saw the largest increase of 49.7%.

Annual dynamics of product's imports to Spain in kind, 2017-2020, K t

From 2017 to 2020, France, Germany, and Italy stood out as the main markets for imports in kind of cosmetic powders and skin care preparations into Spain. France accounted for 35.9% of imports in kind, Germany for 23.3%, and Italy for 12.2%. Together, they represented 71.4% of total flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Spain in kind, 2017-2020

Imports in value, M $ US

After a two-year uptick, Spain's imports of cosmetic powders and skin care preparations declined. In 2020, import value was recorded at 762 million US dollars, showing a fall of 13.9% versus the previous year. Between 2017 and 2020, imports decreased by 6.3%, equating to an annualized rate of 2.1%. The highest value was recorded in 2019 at 885 million US dollars, while the largest increase occurred in 2018 at 6.4%.

Annual dynamics of product's imports to Spain in value, 2017-2020, M $ US

From 2017 to 2020, France, Germany, and Italy formed the main cluster of markets for imports in value terms of cosmetic powders and skin care preparations into Spain. France accounted for 40.9% of imports in value terms, Germany for 16.9%, and Italy for 9.0%. Their combined share was 66.9% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Spain in value, 2017-2020