Share

Exports and cosmetics restart and exceed pre-Covid levels

On an annual basis, Italian extra-EU exports grew by 20,3%, while cosmetics will close with a turnover of 14,2 billion, +7,7% on 2022 and +9% compared to 2019

Exports and cosmetics restart and exceed pre-Covid levels

THEIstat confirms that, as of January 2023, the export Italian towards i non-EU countries is back to growing up on a monthly basis 0,7%. The increase concerns all the main groupings of industries, excluding energy (-12,0%) and capital goods (-9,2%), and is mainly explained by the increase in sales of intermediate goods (+9,6%). In particular, the growth was conditioned by the high-impact occasional transactions (shipbuilding) recorded the previous month, net of which a more marked increase is estimated (+3,3%).

Exports to China and Türkiye are up, down to Japan and Russia

Su annual basis, the export is raised by 20,3% (+18,2% in December 2022). The increase is much more marked for non-durable consumer goods (+36,1%) and intermediate goods (+28,4%). They reveal themselves increases on an annual basis of exports to almost all the main non-EU27 partners: the most marked concern China (+ 137,5%), Turkey (+ 46,9%) and OPEC countries (+26,2%). It expands flexion of export towards Russia (-37,0%). In drop also sales towards the Japan (-13,7%).

The Italian cosmetics industry overcomes the crisis

In this context theItalian cosmetic industry seems to have archived the most difficult period and is on the verge of exceeding pre-Covid turnover levels, despite the difficulties of the last year. This is what emerges fromsurvey conjunctural of Study Center of Cosmetics Italy.

According to data from the trade association, the sector is expected to close this year with a turnover di 14,2 billionin del% increase 7,7 compared to 2022 which closed at 13,2 billion, an increase of 9% compared to 2019.

A lead the recovery are just the exports is they account for 42%: preliminary data for 2022 attest to a value of 5,6 billion (+15,8%), estimated at 6,2 billion (+10%) for 2023. This brings the trade balance to a record level at the end of 2022 of 3,2 billion, growing by over 400 million compared to 2021.

The internal market is also doing well

Positive trend also for the internal market which last year reached 11,6 billion (+8,9% compared to 2021) with the forecast of reaching 12,3 billion (+6,3% compared to 2022) this year. There supermarkets it remains the most representative channel in terms of value (42,5% of consumption) with an increase of 8,2% in 2022 and a forecast of +5,1% for the first six months of this year. They follow the perfumery (+16,5% in 2022 and +11% for 2023) and the pharmacy (+4,8% in 2022, +3,2% in the first half of 2023). Furthermore, with important growth dynamics, theE-commerce, which will reach a value of 2022 billion in 1 (+13,4% according to the preliminary results for 2022, +12% for the first half of 2023). Strong performance also for the channel ofprofessional hairstyle, which closes 2022 at +7% and projects +5,5% for the first six months of the current year. More moderate the trends of herbalist's shop e direct sales (door-to-door and by mail), respectively +0,5% and +1,2% (+1,3% and 1,5% for 2023).

comments