"The trade relationship between the UK cosmetics industry and the world continues to evolve two years from our departure from the European Union. While it may be too early to identify trends, we can certainly see the change in direction and pace bering continued over the last year.
When looking at the figures from last year, we must take into consideration the rise of inflation in the UK and globally. While we have not adjusted the values for inflation, there is no doubt that some of the increases will be more dramatic for it."
Nicholas Shaw Núñez, Director of Regulation, CTPA
The UK cosmetics industry still represents an important sector for our trade relations, as is being reflected in UK trade policy and the growing interest in international markets.
For a comprehensive overview of the UK’s trade with global markets, download the CTPA's Global View - International Trade Figures 2023 booklet.
CTPA works closely with the Department for Business and Trade (DBT), with Civil Servants in the UK and abroad, with international Embassy colleagues and sister trade associations to conceive solutions together and overcome potential barriers, existing and potential. We’re proud of our long-standing reputation as a science-led, solutions-focused expert invited to shape the future of policies abroad that promote industry progress while protecting consumer safety.
Source: https://www.uktradeinfo.com
(2022-2023 data as of Q1 2024)
