Korean and Chinese cosmetics market regains second place after 4 years.

Make&Skincare
2023/11/08

Korean cosmetics have regained their position as the second largest in the Chinese import market after four years. This is due to the decline in imports of Japanese products, as concerns over safety have spread following the release of contaminated water from a nuclear power plant. On the 26th, Jeiljaekyungsinmun, a local economic newspaper, reported this based on statistics from the Chinese Customs General Administration.

Source:韓, 中 수입 화장품 시장서 4년 만에 2위 탈환 | 네이버 뉴스

Comments

Minks
Despite the decrease in imports due to the 'polluted water' issue and the loss of market share after the THAAD issue, companies like Kolmar and Cosmax are still thriving, but their trading volume is low, which is a concern.

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