Dubai’s external cosmetics trade posts all-time high

Dubai’s external cosmetics trade posts all-time high Staff Report / 31 May 2013 The rapidly substantial expansion in the development of the cosmetics market has created an increased stature in Dubai’s external trading in perfumery and beauty products, with a total value of Dh16 billion in 2012 from Dh15 billion in 2011. It has consistently increased, posting Dh12 billion in 2010 and Dh11 billion in 2009. Dubai Customs statistics pacing with the Beautyworld Middle East trade exhibition, which concluded on Thursday, showed that the emirate’s perfumes and cosmetic products imports amounted to Dh10 billion, while imports and re-exports reached Dh6 billion, reflecting existence of an active cosmetic products market within Dubai, supporting trading in such products through that it takes place towards regional and international markets. Visitors at the Beauty World exhibition at Trade Center in Dubai on Wednesday-KT photo by Mukesh Kamal France tops the countries from which Dubai imports perfumery and beauty products, with imports recording Dh2.6 billion in 2012, a 27 per cent of the total imports, followed by the US with a total value of Dh1 billion, an 11 per cent share. Germany follows with imports valued at Dh935 million with a share of 10 per cent. The contribution of these three countries — which are considered the largest, most prominent perfumery and beauty products importing market in the world — to Dubai totals 47 per cent of the overall imports of these products. In the domain of exports and re-exports, Saudi Arabia ranked first with a share of 18 per cent, equivalent to Dh1 billion, followed by Kuwait with seven per cent (Dh440 million) and US with six per cent (Dh367 million). The total share of these countries is 31 per cent of the overall exports and re-exports in the cosmetics sector. Perfumery is at the top of Dubai’s external beauty products trade, representing 22 per cent of total imports with a value of Dh2.15 billion, and 26 per cent of exports and re-exports at Dh1.6 billion. Pak firms showcase stuff Nine leading beauty product manufacture and distributor companies from Pakistan, under the banner of the Trade Development Authority of Pakistan, participated in the 2013 Beautyworld Middle East exhibition. Consul-General of Pakistan Tariq Iqbal Soomro visiting the country’s pavilion at the exhibition. The trade fair is the largest international expo for beauty and hair products, fragrances and well-being in the Middle East and is also one of the top five exhibitions worldwide. The internationally-recognised exhibition is one of the key trading platforms for the beauty products industry. Leading Pakistani companies from the industry have taken part in the previous chapters of this exhibition, which has helped in popularising Pakistani beauty products. Pakistani firms showcased their beauty products and equipment relating to manicures and pedicures, hair removing creams, peeling and fairness ranges, beauty scissors, cosmetics, oils, shampoos and different kinds of cream products. business@khaleejtimes.com Taylor Scott International