The General Administration of Customs of China has released the main import and export data for December 2024. In December, the import volume of beauty, cosmetics, and personal care products reached 29,000 tons, showing a YoY growth of 7.3% compared to the same period in 2023. The import value amounted to 9.21 billion RMB ($1.27 billion), an increase of 5.6%.

Although December’s cosmetics import data showed growth in both volume and value, the cumulative import volume and value for cosmetics from January to December 2024 experienced a YoY decline of 9.4% and 7.9%, respectively, marking the lowest figures in the past five years. Looking at the monthly performance of cosmetics imports in 2024, only April and December showed growth, while the remaining months saw varying degrees of decline.