President of the Congress of Cosmetic Manufacturers and Researchers Association (KUAD) Fuat Arslan, stating that the Turkish cosmetics industry is a sector that exports to 162 countries and has foreign trade surplus, said: “Iraq, USA, Russia and Iran are at the forefront of these countries.”
Cosmetology Manufacturers and Researchers Association (KUAD) Congress President Fuat Arslan stated that the Turkish cosmetics industry is a sector that exports to 162 countries and has foreign trade surplus, and that they expect an export of $1.6 billion next year.
Arslan said that the cosmetics industry exported $1 billion 361 million in 2020 and $1 billion 401 million in 2021.
16.6% GROWTH IN JANUARY-AUGUST PERIOD
Stating that the sector showed a good performance in the January-August period of this year and grew by 16.6%, Arslan said, “The Turkish cosmetics sector is a sector that exports to 162 countries and has foreign trade surplus. Iraq, the USA, Russia and Iran are the leading ones. Iraq is in first place with $150.3 million, the USA is in second place with $105.1 million, and Russia is in third place with $82.2 million.
Arslan stated that the size of the cosmetics industry in the world is expected to reach $750 billion by the end of 2023 and stated that they want to increase the share that Turkiye will get from this.
Stating that the Turkish cosmetics industry will increase its market share and exports thanks to the advantages it has, Arslan said, “As the industry, we expect an export of $1.6 billion next year.”
Arslan pointed out that the environmental awareness among consumers is increasing day by day and said that for this reason, brands should update and transform their business models.
THE SECTOR WILL MEET IN ANTALYA ON 1 DECEMBER
Arslan stated that the 6th International Cosmetics Congress organized by KUAD will start tomorrow in Antalya. Stating that the main theme of the congress, which will last for 3 days, will be the Green Reconciliation this year, Arslan stated that new raw materials and products will be introduced at the congress, and endemic plants used in production will be exhibited in the cosmetic museum.
Arslan stated that they see the Green Deal as a roadmap for the process of achieving sustainability and said:
“As an association, we are working to increase this awareness both through the work we do with our companies and the congresses we hold every year. We are aware that companies that will be excluded from the Green Agreement process do not have a chance to survive in the future. We invite our producers, researchers, public stakeholders of the process, relevant environmental and think tanks to discuss this important and vital issue and prepare the roadmap for our industry.”
Source: Sabah / Translated by Irem Yildiz