Skin care preparations market in Slovakia

Earlier Report Observations

The skin care preparations market in Slovakia began the period at 89.7 million US dollars in 2018 before a modest decline to 85.2 million US dollars in 2019. Growth resumed in 2020, with the market reaching 95.8 million US dollars, aided by the COVID-19 pandemic which heightened consumer focus on health and prevention, coupled with the expansion of e-commerce that improved product accessibility.

A steady upward trend continued from 2021 to 2023, with the market size rising to 140.4 million US dollars. This growth was supported by increasing consumer demand for natural, cruelty-free, and vegan cosmetic products. Furthermore, major companies launched new offerings with high SPF and hypoallergenic properties, while innovations incorporating ingredients like probiotics and ceramides attracted consumer interest.

The market experienced its most pronounced surge in 2024, jumping 58% to 222.3 million US dollars. This acceleration was driven by stricter regulatory enforcement, including extensive product inspections and the implementation of new EU safety rules for cosmetics, which bolstered consumer confidence. Concurrently, leading companies introduced new products featuring antioxidants and hydrating components, capitalizing on sustained consumer preference for high SPF protection and sustainability.

Production skin care preparations in Slovakia

In value, 2017-2020, K $ US

In Slovakia, the output value of skin care preparations reached 4 607 thousand US dollars in 2020, marking a 23.3% decline compared to 2019. Over the period from 2017 to 2020, production decreased by 26.3%, which translates to an annualized rate of 9.7%. The largest increase occurred in 2019, with a rise of 8.8%.

Annual dynamics of production in Slovakia in value, 2017-2020, K $ US

Exports skin care preparations from Slovakia

Exports in kind, K unit

Exported volumes of skin care preparations from Slovakia declined for the second consecutive year. In 2020, exports amounted to 45 812 thousand units, showing a slight decrease of 1.1% from the previous year. Between 2017 and 2020, exports increased by 15.2%, equating to an annualized rate of 4.8%. The maximum value was recorded in 2018 at 49 759 thousand units. The largest decline occurred in 2019, with a drop of 6.9%, while the largest increase was in 2018, with a rise of 25.1%.

Annual dynamics of product's exports from Slovakia in kind, 2017-2020, K unit

From 2017 to 2020, Czechia, Austria, and Hungary consistently held the leading positions in Slovakia's export structure by volume. Czechia accounted for 25.4% of exports in kind, Austria for 22.7%, and Hungary for 13.0%, collectively representing 61.1% of total flows.

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

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

Exports in value, M $ US

After a two-year advance, skin care preparations exports from Slovakia declined. In 2020, Slovakia exported 61.2 million US dollars worth of skin care preparations, representing a 7.2% drop compared to the previous year. Over the period from 2017 to 2020, exports increased by 16.5%, with a compound annual growth rate (CAGR) of 5.2%. The maximum value was recorded in 2019 at 65.9 million US dollars, which also saw the largest increase of 18.6%.

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

From 2017 to 2020, Czechia, Austria, and Hungary were the principal destinations for Slovakia's skin care preparations exports by value. Czechia accounted for 27.0% of exports in value terms, Austria for 19.0%, and Hungary for 13.4%, jointly making up 59.3% of total flows.

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

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

Imports skin care preparations to Slovakia

Imports in kind, K unit

In 2020, foreign supplies of skin care preparations to Slovakia totaled 79 429 thousand units, remaining broadly stable compared to the previous year. Over the period from 2017 to 2020, imports increased by 3.9%, with a compound annual growth rate (CAGR) of 1.3%. The maximum value was recorded in 2018 at 82 032 thousand units. The largest decline occurred in 2019, with a drop of 3.6%, while the largest increase was in 2018, with a rise of 7.3%.

Annual dynamics of product's imports to Slovakia in kind, 2017-2020, K unit

Throughout 2017 to 2020, the three largest markets for Slovakia's imports by volume were Spain, Poland, and Germany, which together accounted for 66.9% of total flows.

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

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

Imports in value, M $ US

Cross-border shipments of skin care preparations to Slovakia increased for the third consecutive year. In 2020, Slovakia imported 152.4 million US dollars worth of skin care preparations, up by 5.1% compared to 2019. Over the period from 2017 to 2020, imports increased by 24.6%, with a compound annual growth rate (CAGR) of 7.6%.

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

From 2017 to 2020, imports in value terms were distributed across a wide set of partner countries. Poland accounted for 18.4% of imports in value terms, Germany for 14.6%, and Czechia for 14.4%, jointly representing 47.4% of total flows.

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

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