23.11.2012 Views

Doing Business In (Insert Country Name Here) - BNA

Doing Business In (Insert Country Name Here) - BNA

Doing Business In (Insert Country Name Here) - BNA

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

Cosmetics (COS) Return to top<br />

Overview Return to top<br />

2006 2007 2008 (estimated)<br />

Total Market Size 8,869 8,750 8,857<br />

Total Local Production 17,500 17,850 18,207<br />

Total Exports 10,857 11,400 11,850<br />

Total Imports 2,226 2,300 2,500<br />

Imports from the U.S. 191 195 220<br />

Exchange Rates: USD 1 Euro: 0.8 Euro: 0.7 Euro: 0.7<br />

(Figures in USD millions)<br />

<strong>In</strong> 2006, sales of cosmetics in France (including perfumes, toiletries and hair care<br />

products) reached USD 8,178 billions, representing a significant increase of 3.5 percent.<br />

Due to the know-how of local companies, the label “made in France” remains a sign of<br />

quality and consequently, total French exports have registered a considerable increase<br />

of 7.4 percent. French brands are sold in 202 countries.<br />

Consumers are becoming very demanding and are always expecting more and more<br />

efficient products. They like to try new and innovative products. This is why companies need<br />

to adapt themselves to the want and needs of these consumers by launching new products<br />

every year.<br />

Although this is a very difficult and competitive market due to the dominance of French<br />

leading companies, (particularly L’Oreal and L.V.M.H.) and because of a very severe<br />

legislation, there are market opportunities particularly for U.S. niche brands. There are a few<br />

French distributors interested in sourcing innovative products from the U.S.<br />

Best Products/Services Return to top<br />

According to market specialists, the following sectors are in a high demand in France:<br />

• The spa industry is still remaining one of the most dynamic markets with a significant<br />

increase over the past few years. The spa is a concept dedicated to wellness and<br />

the harmonization of the body and the mind.<br />

• Natural and organic products are becoming a new trend in France. This sector has<br />

shown an increase of 40 percent into two years in Europe, and is becoming a<br />

promising sector in France.<br />

• The demand in France for ethno-cosmetic products is still increasing because of the<br />

lack of choice. Ninety percent of ethno-cosmetic products are coming from the U.S.<br />

2/15/2008 <strong>Country</strong> Commercial Guide for France 61<br />

INTERNATIONAL COPYRIGHT, U.S. & FOREIGN COMMERCIAL SERVICE AND U.S. DEPARTMENT OF STATE,<br />

© 2007. ALL RIGHTS RESERVED OUTSIDE OF THE UNITED STATES.

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!